Prestige Brands Holdings Inc. (PBH) Receives Consensus Rating of “Buy” from Analysts
Shares of Prestige Brands Holdings Inc. (NYSE:PBH) have earned an average rating of “Buy” from the eight brokerages that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $59.00.
A number of equities analysts have recently weighed in on the company. B. Riley restated a “buy” rating and issued a $70.00 target price on shares of Prestige Brands Holdings in a research note on Friday, November 4th. Sidoti upgraded Prestige Brands Holdings from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research note 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 note on Wednesday, August 10th. Zacks Investment Research upgraded Prestige Brands Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, Gabelli assumed coverage on Prestige Brands Holdings in a research note on Thursday, November 17th. They issued a “buy” rating and a $65.00 target price on the stock.
Several large investors have recently bought and sold shares of the company. Invictus RG boosted its stake 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 during the period. Sei Investments Co. boosted its stake in shares of 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 during the last quarter. Advisor Group Inc. acquired a new stake in shares of Prestige Brands Holdings during the second quarter worth about $182,000. LS Investment Advisors LLC boosted its stake 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 worth $193,000 after buying an additional 1,416 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Prestige Brands Holdings during the second quarter worth about $200,000. 95.65% of the stock is currently owned by institutional investors.
Shares of Prestige Brands Holdings (NYSE:PBH) traded up 0.22% during midday trading on Wednesday, reaching $49.09. The company had a trading volume of 167,451 shares. Prestige Brands Holdings has a one year low of $43.63 and a one year high of $58.09. The firm has a market capitalization of $2.60 billion, a P/E ratio of 38.05 and a beta of 1.62. The company has a 50 day moving average price of $47.79 and a 200-day moving average price of $50.84.
Prestige Brands Holdings (NYSE:PBH) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The business earned $215.10 million during the quarter, compared to the consensus estimate of $78.04 million. Prestige Brands Holdings had a return on equity of 16.27% and a net margin of 8.24%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. On average, analysts anticipate that Prestige Brands Holdings will post $2.37 EPS for the current fiscal year.
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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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