Prestige Brands Holdings, Inc. (PBH) Upgraded to Outperform by Raymond James Financial, Inc.
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.
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.
COPYRIGHT VIOLATION NOTICE: “Prestige Brands Holdings, Inc. (PBH) Upgraded to Outperform by Raymond James Financial, Inc.” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/05/22/prestige-brands-holdings-inc-pbh-upgraded-to-outperform-by-raymond-james-financial-inc.html.
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.
Receive News & Ratings for Prestige Brands Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Brands Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.