Prestige Brand Holdings, Inc. (PBH) Raised to “Outperform” at BMO Capital Markets
A number of other analysts also recently weighed in on PBH. Jefferies Group LLC reissued a hold rating and set a $54.00 target price on shares of Prestige Brand Holdings in a research report on Wednesday, August 16th. Zacks Investment Research cut Prestige Brand Holdings from a hold rating to a sell rating in a report on Wednesday, November 8th. BidaskClub upgraded Prestige Brand Holdings from a strong sell rating to a sell rating in a report on Monday, July 31st. KeyCorp restated a buy rating and set a $61.00 price target on shares of Prestige Brand Holdings in a report on Wednesday, September 6th. Finally, DA Davidson set a $79.00 price target on Prestige Brand Holdings and gave the stock a buy rating in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Prestige Brand Holdings presently has an average rating of Hold and a consensus price target of $63.17.
Prestige Brand Holdings (NYSE PBH) traded up $0.60 during trading hours on Wednesday, reaching $42.30. 860,470 shares of the company’s stock were exchanged, compared to its average volume of 582,881. The firm has a market cap of $2,280.00, a P/E ratio of 16.81, a PEG ratio of 1.65 and a beta of 1.19. 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 Holdings has a twelve month low of $40.11 and a twelve month high of $59.63.
Prestige Brand Holdings (NYSE:PBH) last released its earnings results on Thursday, November 2nd. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). The firm had revenue of $258.00 million for the quarter, compared to analyst estimates of $267.12 million. Prestige Brand Holdings had a net margin of 11.03% and a return on equity of 15.32%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. research analysts expect that Prestige Brand Holdings will post 2.62 EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 buying an additional 205 shares in the last quarter. First Mercantile Trust Co. lifted its holdings in shares of Prestige Brand Holdings by 2.4% in 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 in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Prestige Brand Holdings by 90.4% in 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 in the last quarter. Advisor Group Inc. lifted its holdings in shares of Prestige Brand Holdings by 33.2% in 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 in the last quarter. Finally, Zions Bancorporation bought a new position in shares of Prestige Brand Holdings in the 3rd quarter worth $165,000. Hedge funds and other institutional investors own 98.56% of the company’s stock.
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.
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