Prestige Brands Holdings Inc. (PBH) Receives Consensus Recommendation of “Hold” from Analysts
Prestige Brands Holdings Inc. (NYSE:PBH) has earned a consensus rating of “Hold” from the six analysts that are currently covering the stock. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $64.50.
Several research firms have commented on PBH. B. Riley restated a “buy” rating and issued a $70.00 price objective on shares of Prestige Brands Holdings in a research report on Tuesday, September 27th. Jefferies Group restated a “sell” rating on shares of Prestige Brands Holdings in a research report on Wednesday, August 10th. KeyCorp restated a “buy” rating on shares of Prestige Brands Holdings in a research report on Friday, September 23rd. Piper Jaffray Cos. restated an “overweight” rating and issued a $60.00 price objective on shares of Prestige Brands Holdings in a research report on Wednesday, July 6th. Finally, Sidoti upgraded Prestige Brands Holdings from a “neutral” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Friday, August 12th. They noted that the move was a valuation call.
Several hedge funds and other institutional investors have recently made changes to their positions in PBH. Invictus RG increased its position in Prestige Brands Holdings by 325.2% in the second quarter. Invictus RG now owns 1,875 shares of the company’s stock valued at $104,000 after buying an additional 1,434 shares in the last quarter. Sei Investments Co. increased its position in Prestige Brands Holdings by 129.7% in the second quarter. Sei Investments Co. now owns 3,151 shares of the company’s stock valued at $174,000 after buying an additional 1,779 shares in the last quarter. Advisor Group Inc. purchased a new position in Prestige Brands Holdings during the second quarter valued at approximately $182,000. LS Investment Advisors LLC increased its position in Prestige Brands Holdings by 68.5% in the second quarter. LS Investment Advisors LLC now owns 3,482 shares of the company’s stock valued at $193,000 after buying an additional 1,416 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in Prestige Brands Holdings during the second quarter valued at approximately $200,000. Hedge funds and other institutional investors own 98.21% of the company’s stock.
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Shares of Prestige Brands Holdings (NYSE:PBH) traded up 1.57% during midday trading on Tuesday, reaching $47.74. 53,257 shares of the company traded hands. The firm has a market capitalization of $2.53 billion, a PE ratio of 36.98 and a beta of 1.57. Prestige Brands Holdings has a 1-year low of $43.63 and a 1-year high of $58.09. The stock has a 50 day moving average price of $47.76 and a 200 day moving average price of $52.43.
Prestige Brands Holdings (NYSE:PBH) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.04. Prestige Brands Holdings had a return on equity of 16.50% and a net margin of 8.28%. The business had revenue of $209.60 million for the quarter, compared to analyst estimates of $208.18 million. During the same quarter in the prior year, the firm posted $0.52 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts expect that Prestige Brands Holdings will post $2.34 earnings per share for the current fiscal year.
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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