Prestige Brand (PBH) Lifted to “Outperform” at William Blair
William Blair upgraded shares of Prestige Brand (NYSE:PBH) from a market perform rating to an outperform rating in a report published on Monday, MarketBeat reports.
PBH has been the subject of a number of other reports. TD Securities reaffirmed a buy rating and set a $125.00 price objective on shares of Prestige Brand in a research report on Thursday, November 23rd. BMO Capital Markets reissued a buy rating and set a $118.00 target price on shares of Prestige Brand in a research note on Thursday, November 23rd. Zacks Investment Research downgraded Prestige Brand from a hold rating to a sell rating in a research note on Wednesday, November 8th. Jefferies Group dropped their price objective on Prestige Brand from $55.00 to $50.00 and set a hold rating for the company in a research note on Friday, November 3rd. Finally, KeyCorp set a $61.00 price target on Prestige Brand and gave the stock a buy rating in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. Prestige Brand presently has a consensus rating of Buy and a consensus price target of $77.75.
Prestige Brand (NYSE:PBH) opened at $46.86 on Monday. The firm has a market capitalization of $2,482.22, a P/E ratio of 19.34, a P/E/G ratio of 1.90 and a beta of 1.20. Prestige Brand has a 12-month low of $40.11 and a 12-month high of $59.63. The company has a current ratio of 2.06, a quick ratio of 1.32 and a debt-to-equity ratio of 2.34.
Prestige Brand (NYSE:PBH) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.05). The company had revenue of $258.00 million for the quarter, compared to analyst estimates of $267.12 million. Prestige Brand had a return on equity of 15.32% and a net margin of 11.03%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period last year, the firm posted $0.63 EPS. equities analysts predict that Prestige Brand will post 2.62 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. First Mercantile Trust Co. increased its holdings in shares of Prestige Brand by 2.4% in the second quarter. First Mercantile Trust Co. now owns 2,116 shares of the company’s stock valued at $112,000 after buying an additional 50 shares in the last quarter. Capstone Asset Management Co. increased its holdings in shares of Prestige Brand by 1.2% in the second quarter. Capstone Asset Management Co. now owns 6,106 shares of the company’s stock valued at $322,000 after buying an additional 70 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Prestige Brand by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 33,796 shares of the company’s stock valued at $1,785,000 after buying an additional 98 shares in the last quarter. CS Mckee LP increased its holdings in shares of Prestige Brand by 0.3% in the second quarter. CS Mckee LP now owns 35,150 shares of the company’s stock valued at $1,856,000 after buying an additional 100 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Prestige Brand by 10.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the company’s stock valued at $110,000 after buying an additional 205 shares in the last quarter. 98.56% of the stock is currently owned by institutional investors.
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About Prestige Brand
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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