Prestige Brands Holdings CEO Sells $2,308,348 in Stock (PBH)
Prestige Brands Holdings (NYSE:PBH) CEO Matthew Mannelly unloaded 69,424 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $33.25, for a total value of $2,308,348.00. Following the completion of the sale, the chief executive officer now directly owns 98,366 shares of the company’s stock, valued at approximately $3,270,670. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Prestige Brands Holdings (NYSE:PBH) traded up 1.26% on Thursday, hitting $33.65. The stock had a trading volume of 246,228 shares. Prestige Brands Holdings has a one year low of $24.94 and a one year high of $36.69. The stock’s 50-day moving average is $30.54 and its 200-day moving average is $31.26. The company has a market cap of $1.744 billion and a P/E ratio of 23.91.
Prestige Brands Holdings (NYSE:PBH) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.02. The company had revenue of $144.30 million for the quarter, compared to the consensus estimate of $147.60 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. Analysts expect that Prestige Brands Holdings will post $1.79 EPS for the current fiscal year.
A number of analysts have recently weighed in on PBH shares. Analysts at Jefferies Group raised their price target on shares of Prestige Brands Holdings from $26.00 to $27.00 in a research note on Monday, April 28th. They now have a “hold” rating on the stock. Separately, analysts at B. Riley raised their price target on shares of Prestige Brands Holdings from $43.00 to $57.00 in a research note on Monday, April 28th. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Prestige Brands Holdings from $32.00 to $37.00 in a research note on Monday, April 28th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Prestige Brands Holdings presently has an average rating of “Buy” and an average target price of $36.70.
Prestige Brands Holdings, Inc (NYSE:PBH) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.