KeyCorp set a $61.00 price objective on Prestige Brand Holdings, Inc. (NYSE:PBH) in a research report sent to investors on Monday morning. The firm currently has a buy rating on the stock. KeyCorp also issued estimates for Prestige Brand Holdings’ FY2018 earnings at $2.63 EPS.

Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded Prestige Brand Holdings from a buy rating to a hold rating in a research note on Wednesday, August 2nd. BidaskClub downgraded Prestige Brand Holdings from a sell rating to a strong sell rating in a research note on Wednesday, July 12th. Jefferies Group LLC reiterated a hold rating and set a $54.00 price target on shares of Prestige Brand Holdings in a research note on Friday, July 14th. Finally, DA Davidson set a $79.00 price target on Prestige Brand Holdings and gave the stock a buy rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Prestige Brand Holdings presently has an average rating of Buy and an average target price of $64.14.

Shares of Prestige Brand Holdings (NYSE:PBH) opened at 47.96 on Monday. Prestige Brand Holdings has a one year low of $44.64 and a one year high of $59.63. The stock has a market capitalization of $2.54 billion, a P/E ratio of 23.68 and a beta of 1.19. The company’s 50 day moving average price is $49.48 and its 200 day moving average price is $51.98.

Prestige Brand Holdings (NYSE:PBH) last issued its earnings results on Thursday, August 3rd. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $256.57 million for the quarter, compared to the consensus estimate of $255.64 million. Prestige Brand Holdings had a return on equity of 16.06% and a net margin of 11.70%. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. On average, equities analysts expect that Prestige Brand Holdings will post $2.64 earnings per share for the current year.

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In related news, SVP Jean A. Boyko sold 12,876 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $52.12, for a total transaction of $671,097.12. Following the completion of the transaction, the senior vice president now owns 26,566 shares of the company’s stock, valued at approximately $1,384,619.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Prestige Brand Holdings by 10.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the company’s stock worth $110,000 after purchasing an additional 205 shares during the last quarter. First Mercantile Trust Co. lifted its position in shares of Prestige Brand Holdings by 2.4% during the 2nd quarter. First Mercantile Trust Co. now owns 2,116 shares of the company’s stock worth $112,000 after purchasing an additional 50 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Prestige Brand Holdings by 90.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock worth $117,000 after purchasing an additional 1,055 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Prestige Brand Holdings by 33.2% during the 2nd quarter. Advisor Group Inc. now owns 2,285 shares of the company’s stock worth $120,000 after purchasing an additional 570 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its position in shares of Prestige Brand Holdings by 78.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,394 shares of the company’s stock worth $179,000 after purchasing an additional 1,494 shares during the last quarter. 98.56% of the stock is owned by institutional investors and hedge funds.

About Prestige Brand 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.

Analyst Recommendations for Prestige Brand Holdings (NYSE:PBH)

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