Prestige Brands (NYSE:PBH) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Friday.

PBH has been the topic of several other reports. Zacks Investment Research lowered Prestige Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. BMO Capital Markets restated a “buy” rating and issued a $118.00 price target on shares of Prestige Brands in a research report on Thursday, November 23rd. DA Davidson set a $79.00 price target on Prestige Brands and gave the stock a “buy” rating in a research report on Thursday, October 12th. Jefferies Group reduced their price target on Prestige Brands from $55.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Finally, TD Securities restated a “buy” rating and issued a $125.00 price target on shares of Prestige Brands in a research report on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $75.50.

Shares of Prestige Brands (NYSE PBH) opened at $33.85 on Friday. The company has a market capitalization of $1,790.59, a price-to-earnings ratio of 4.64, a PEG ratio of 1.38 and a beta of 1.06. Prestige Brands has a 52 week low of $33.06 and a 52 week high of $59.63. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.19 and a quick ratio of 1.43.

Prestige Brands (NYSE:PBH) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.70. Prestige Brands had a return on equity of 14.14% and a net margin of 38.05%. The business had revenue of $270.62 million for the quarter, compared to analyst estimates of $270.25 million. During the same period last year, the company earned $0.61 EPS. The firm’s revenue was up 24.8% on a year-over-year basis. sell-side analysts predict that Prestige Brands will post 2.58 earnings per share for the current fiscal year.

In other Prestige Brands news, Director Natale S. Ricciardi bought 3,000 shares of Prestige Brands stock in a transaction on Wednesday, February 7th. The shares were purchased at an average cost of $37.04 per share, for a total transaction of $111,120.00. Following the completion of the acquisition, the director now owns 7,806 shares in the company, valued at approximately $289,134.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ronald M. Lombardi bought 7,000 shares of Prestige Brands stock in a transaction on Monday, February 5th. The shares were acquired at an average price of $35.94 per share, for a total transaction of $251,580.00. Following the completion of the acquisition, the chief executive officer now owns 138,969 shares of the company’s stock, valued at approximately $4,994,545.86. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 19,000 shares of company stock worth $679,575. Corporate insiders own 0.98% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its holdings in Prestige Brands by 1.1% during the second quarter. Public Employees Retirement System of Ohio now owns 21,389 shares of the company’s stock worth $1,130,000 after acquiring an additional 224 shares in the last quarter. Advisor Group Inc. lifted its holdings in Prestige Brands by 33.2% during the second quarter. Advisor Group Inc. now owns 2,285 shares of the company’s stock worth $120,000 after acquiring an additional 570 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Prestige Brands by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 116,854 shares of the company’s stock worth $6,171,000 after acquiring an additional 949 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Prestige Brands by 90.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock worth $117,000 after acquiring an additional 1,055 shares in the last quarter. Finally, ING Groep NV lifted its holdings in Prestige Brands by 23.3% during the fourth quarter. ING Groep NV now owns 8,003 shares of the company’s stock worth $355,000 after acquiring an additional 1,512 shares in the last quarter.

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About Prestige Brands

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 Brands (NYSE:PBH)

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