Prestige Brands Holdings Inc. (PBH) Downgraded by Zacks Investment Research
Prestige Brands Holdings Inc. (NYSE:PBH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.
According to Zacks, “Prestige Brands Holdings is a marketer and distributor of brand name over- the-counter drug, personal care and household cleaning products sold throughout the United States and Canada. Key brands include Compound W wart remover, Chloraseptic sore-throat relief products, New-Skin liquid bandage, Clear eyes and Murine eye and ear care products, Little Remedies pediatric over-the-counter healthcare products, Cutex nail polish remover, Comet and Spic & Span household cleaner and several other well-recognized brands. “
A number of other research firms have also recently weighed in on PBH. Jefferies Group reaffirmed a “sell” rating on shares of Prestige Brands Holdings in a report on Monday, August 1st. B. Riley reiterated a “buy” rating and issued a $70.00 target price on shares of Prestige Brands Holdings in a research report on Wednesday, July 6th. Sidoti upgraded shares of Prestige Brands Holdings from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, August 12th. They noted that the move was a valuation call. Finally, Piper Jaffray Cos. reiterated an “outperform” rating on shares of Prestige Brands Holdings in a research report on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $59.67.
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Prestige Brands Holdings (NYSE:PBH) traded down 0.27% during mid-day trading on Thursday, reaching $48.12. 417,795 shares of the company were exchanged. The company has a 50 day moving average of $47.89 and a 200-day moving average of $52.62. Prestige Brands Holdings has a 1-year low of $43.63 and a 1-year high of $58.09. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 37.27 and a beta of 1.57.
Prestige Brands Holdings (NYSE:PBH) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. Prestige Brands Holdings had a net margin of 8.28% and a return on equity of 16.50%. The company earned $209.60 million during the quarter, compared to analysts’ expectations of $208.18 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts forecast that Prestige Brands Holdings will post $2.34 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the company. CT Mason raised its position in Prestige Brands Holdings by 6.2% in the third quarter. CT Mason now owns 54,798 shares of the company’s stock worth $2,645,000 after buying an additional 3,190 shares during the last quarter. Macquarie Group Ltd. raised its position in Prestige Brands Holdings by 21.0% in the second quarter. Macquarie Group Ltd. now owns 291,489 shares of the company’s stock worth $16,148,000 after buying an additional 50,671 shares during the last quarter. KAMES CAPITAL plc acquired a new position in Prestige Brands Holdings during the second quarter worth $1,122,000. Northwestern Mutual Investment Management Company LLC acquired a new position in Prestige Brands Holdings during the second quarter worth $504,000. Finally, Mason Street Advisors LLC acquired a new position in Prestige Brands Holdings during the second quarter worth $1,333,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.
Prestige Brands Holdings 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.
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