William Blair upgraded shares of Prestige Brand (NYSE:PBH) from a market perform rating to an outperform rating in a research report report published on Monday morning.

Other equities research analysts have also recently issued reports about the stock. TD Securities reiterated a buy rating and issued a $125.00 target price on shares of Prestige Brand in a research report on Thursday, November 23rd. BMO Capital Markets reiterated a buy rating and issued a $118.00 target price on shares of Prestige Brand in a research report on Thursday, November 23rd. KeyCorp set a $61.00 target price on shares of Prestige Brand and gave the company a buy rating in a research report on Monday, October 16th. DA Davidson set a $79.00 target price on shares of Prestige Brand and gave the company a buy rating in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of Prestige Brand from a hold rating to a buy rating and set a $57.00 target price for the company in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $77.75.

Shares of Prestige Brand (NYSE:PBH) traded up $3.11 during midday trading on Monday, hitting $47.67. 1,171,100 shares of the stock were exchanged, compared to its average volume of 425,998. The firm has a market capitalization of $2,363.41, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.06 and a quick ratio of 1.32. Prestige Brand has a 1-year low of $40.11 and a 1-year high of $59.63.

Prestige Brand (NYSE:PBH) last issued its earnings results on Thursday, November 2nd. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.05). The business had revenue of $258.00 million during the quarter, compared to analyst estimates of $267.12 million. Prestige Brand had a net margin of 11.03% and a return on equity of 15.32%. Prestige Brand’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the company earned $0.63 earnings per share. equities research analysts expect that Prestige Brand will post 2.62 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC grew its holdings in shares of Prestige Brand by 38.8% in the third quarter. Sterling Capital Management LLC now owns 29,559 shares of the company’s stock valued at $1,481,000 after purchasing an additional 8,259 shares during the period. CS Mckee LP grew its holdings in shares of Prestige Brand by 4.6% in the third quarter. CS Mckee LP now owns 36,750 shares of the company’s stock valued at $1,841,000 after purchasing an additional 1,600 shares during the period. California Public Employees Retirement System grew its holdings in shares of Prestige Brand by 6.2% in the third quarter. California Public Employees Retirement System now owns 122,902 shares of the company’s stock valued at $6,156,000 after purchasing an additional 7,202 shares during the period. Zions Bancorporation purchased a new stake in shares of Prestige Brand in the third quarter valued at about $165,000. Finally, Magnetar Financial LLC grew its holdings in shares of Prestige Brand by 143.2% in the third quarter. Magnetar Financial LLC now owns 23,434 shares of the company’s stock valued at $1,174,000 after purchasing an additional 13,798 shares during the period. 98.56% of the stock is owned by hedge funds and other institutional investors.

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Prestige Brand 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.

Analyst Recommendations for Prestige Brand (NYSE:PBH)

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