Prestige Brands Holdings Inc. (NYSE:PBH) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Other equities analysts have also recently issued reports about the stock. B. Riley reiterated a “buy” rating and set a $70.00 price objective on shares of Prestige Brands Holdings in a research report on Friday, November 4th. Sidoti upgraded shares of Prestige Brands Holdings from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Friday, August 12th. They noted that the move was a valuation call. Jefferies Group restated a “sell” rating on shares of Prestige Brands Holdings in a research report on Wednesday, August 10th. Zacks Investment Research upgraded shares of Prestige Brands Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Finally, Gabelli started coverage on shares of Prestige Brands Holdings in a research report on Thursday. They issued a “buy” rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $60.00.

Analyst Recommendations for Prestige Brands Holdings (NYSE:PBH)

Prestige Brands Holdings (NYSE:PBH) opened at 49.12 on Thursday. The stock has a market cap of $2.60 billion, a P/E ratio of 38.08 and a beta of 1.62. The firm’s 50-day moving average price is $47.51 and its 200 day moving average price is $51.31. 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 released its quarterly earnings data on Thursday, November 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The business 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 firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. Equities analysts predict that Prestige Brands Holdings will post $2.35 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Retirement Systems of Alabama purchased a new stake in Prestige Brands Holdings during the second quarter worth approximately $3,770,000. Bank of Montreal Can bought a new position in shares of Prestige Brands Holdings during the second quarter valued at about $200,000. Adams Diversified Equity Fund Inc. bought a new position in shares of Prestige Brands Holdings during the second quarter valued at about $266,000. LS Investment Advisors LLC raised its position in shares of Prestige Brands Holdings by 68.5% in the second quarter. LS Investment Advisors LLC now owns 3,482 shares of the company’s stock valued at $193,000 after buying an additional 1,416 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. raised its position in shares of Prestige Brands Holdings by 2.6% in the second quarter. Eagle Boston Investment Management Inc. now owns 148,267 shares of the company’s stock valued at $8,213,000 after buying an additional 3,811 shares in the last quarter. 98.21% of the stock is currently owned by institutional investors.

About Prestige Brands Holdings

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.

5 Day Chart for NYSE:PBH

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