Zacks Investment Research Lowers Prestige Brands Holdings Inc. (PBH) to Sell
Prestige Brands Holdings Inc. (NYSE:PBH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
According to Zacks, “Prestige Brands Holdings is a marketer and distributor of brand name over- the-counter drug, personal care and household cleaning products sold throughout the United States and Canada. Key brands include Compound W wart remover, Chloraseptic sore-throat relief products, New-Skin liquid bandage, Clear eyes and Murine eye and ear care products, Little Remedies pediatric over-the-counter healthcare products, Cutex nail polish remover, Comet and Spic & Span household cleaner and several other well-recognized brands. “
Several other analysts have also recently issued reports on PBH. B. Riley reaffirmed a “buy” rating and set a $70.00 price objective on shares of Prestige Brands Holdings in a research note on Friday, August 5th. Jefferies Group reaffirmed a “sell” rating on shares of Prestige Brands Holdings in a research note on Wednesday, August 10th. Piper Jaffray Cos. reaffirmed an “outperform” rating on shares of Prestige Brands Holdings in a research note on Friday, July 15th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Prestige Brands Holdings in a research note on Friday, September 23rd. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $59.67.
Prestige Brands Holdings (NYSE:PBH) opened at 48.32 on Thursday. Prestige Brands Holdings has a 12 month low of $43.63 and a 12 month high of $58.09. The stock’s 50 day moving average is $47.88 and its 200-day moving average is $52.67. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 37.43 and a beta of 1.57.
Prestige Brands Holdings (NYSE:PBH) last released its earnings results on Thursday, August 4th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The business earned $209.60 million during the quarter, compared to analysts’ expectations of $208.18 million. Prestige Brands Holdings had a net margin of 8.28% and a return on equity of 16.50%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. On average, equities research analysts expect that Prestige Brands Holdings will post $2.34 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Huntington Asset Advisors Inc. purchased a new position in Prestige Brands Holdings during the first quarter valued at $505,000. Menta Capital LLC purchased a new position in Prestige Brands Holdings during the first quarter valued at $1,148,000. Acrospire Investment Management LLC purchased a new position in Prestige Brands Holdings during the first quarter valued at $246,000. BlackRock Japan Co. Ltd raised its position in Prestige Brands Holdings by 31.5% in the first quarter. BlackRock Japan Co. Ltd now owns 22,493 shares of the company’s stock valued at $1,201,000 after buying an additional 5,392 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in Prestige Brands Holdings by 17.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,947,306 shares of the company’s stock valued at $103,967,000 after buying an additional 288,445 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.
Prestige Brands Holdings Company Profile
Prestige Brands Holdings, Inc is engaged in the marketing, sales and distribution of over-the-counter healthcare and household cleaning products. The Company operates through three segments: North American Over-the-Counter (OTC) Healthcare; International Over-the-Counter Healthcare, and Household Cleaning.
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