Prestige Brands Holdings, Inc. (NYSE:PBH) was upgraded by investment analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday.

Other analysts have also issued reports about the company. B. Riley reaffirmed a “buy” rating and set a $77.00 target price on shares of Prestige Brands Holdings in a research report on Sunday, February 26th. Jefferies Group LLC lifted their price target on Prestige Brands Holdings from $47.00 to $49.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 19th. Zacks Investment Research upgraded Prestige Brands Holdings from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Wednesday, March 29th. Finally, DA Davidson reiterated a “buy” rating and issued a $79.00 price target on shares of Prestige Brands Holdings in a research note on Monday, May 8th. Two investment analysts have rated the stock with a sell rating and eight have given a buy rating to the company. Prestige Brands Holdings has a consensus rating of “Buy” and an average price target of $64.00.

Analyst Recommendations for Prestige Brands Holdings (NYSE:PBH)

Prestige Brands Holdings (NYSE:PBH) opened at 49.39 on Monday. The stock has a market capitalization of $2.62 billion, a PE ratio of 37.99 and a beta of 1.56. The company’s 50-day moving average price is $55.32 and its 200 day moving average price is $53.22. Prestige Brands Holdings has a 12 month low of $44.64 and a 12 month high of $59.63.

Prestige Brands Holdings (NYSE:PBH) last announced its earnings results on Thursday, May 11th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.01. Prestige Brands Holdings had a return on equity of 16.45% and a net margin of 8.51%. The business had revenue of $240.70 million for the quarter, compared to analysts’ expectations of $234.74 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. On average, analysts forecast that Prestige Brands Holdings will post $2.62 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Prestige Brands Holdings by 11,872.9% in the first quarter. BlackRock Inc. now owns 6,970,978 shares of the company’s stock worth $387,306,000 after buying an additional 6,912,755 shares during the period. Arrowpoint Asset Management LLC increased its position in Prestige Brands Holdings by 2,587,841.7% in the fourth quarter. Arrowpoint Asset Management LLC now owns 621,106 shares of the company’s stock worth $32,360,000 after buying an additional 621,082 shares during the period. Norges Bank purchased a new position in Prestige Brands Holdings during the fourth quarter worth approximately $31,934,000. Vanguard Group Inc. increased its position in Prestige Brands Holdings by 12.0% in the first quarter. Vanguard Group Inc. now owns 5,680,475 shares of the company’s stock worth $315,607,000 after buying an additional 607,598 shares during the period. Finally, Acadian Asset Management LLC increased its position in Prestige Brands Holdings by 463.2% in the first quarter. Acadian Asset Management LLC now owns 554,077 shares of the company’s stock worth $30,788,000 after buying an additional 455,704 shares during the period. Institutional investors and hedge funds own 97.35% of the company’s stock.

About Prestige Brands 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.

12 Month Chart for NYSE:PBH

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