Prestige Brands Holdings Inc. (PBH) Stock Rating Upgraded by Zacks Investment Research
Prestige Brands Holdings Inc. (NYSE:PBH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.
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. “
A number of other analysts have also recently commented on the stock. TheStreet upgraded shares of Prestige Brands Holdings from a “hold” rating to a “buy” rating in a research note on Thursday. Gabelli began coverage on shares of Prestige Brands Holdings in a research note on Thursday. They issued a “buy” rating and a $65.00 price target for the company. B. Riley reiterated a “buy” rating and issued a $70.00 price target on shares of Prestige Brands Holdings in a research note on Wednesday, November 9th. Jefferies Group cut their target price on shares of Prestige Brands Holdings from $45.00 to $42.00 and set an “underperform” rating for the company in a research note on Friday, November 4th. Finally, KeyCorp restated a “buy” rating on shares of Prestige Brands Holdings in a research note on Friday, September 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $60.00.
Prestige Brands Holdings (NYSE:PBH) opened at 49.12 on Friday. The firm has a 50-day moving average of $47.70 and a 200-day moving average of $51.10. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 38.08 and a beta of 1.62. Prestige Brands Holdings has a 52-week low of $43.63 and a 52-week high of $58.09.
Prestige Brands Holdings (NYSE:PBH) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm earned $215.10 million during the quarter, compared to analysts’ expectations of $78.04 million. Prestige Brands Holdings had a net margin of 8.24% and a return on equity of 16.27%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. On average, equities research analysts forecast that Prestige Brands Holdings will post $2.35 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in PBH. Invictus RG raised its position in Prestige Brands Holdings by 325.2% in the second quarter. Invictus RG now owns 1,875 shares of the company’s stock worth $104,000 after buying an additional 1,434 shares in the last quarter. Sei Investments Co. raised its position in Prestige Brands Holdings by 129.7% in the second quarter. Sei Investments Co. now owns 3,151 shares of the company’s stock worth $174,000 after buying an additional 1,779 shares in the last quarter. Advisor Group Inc. acquired a new position in Prestige Brands Holdings during the second quarter worth approximately $182,000. LS Investment Advisors LLC raised its position in Prestige Brands Holdings by 68.5% in the second quarter. LS Investment Advisors LLC now owns 3,482 shares of the company’s stock worth $193,000 after buying an additional 1,416 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in Prestige Brands Holdings during the second quarter worth approximately $200,000. 98.21% of the stock is currently owned by institutional investors and hedge funds.
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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