Prestige Brand Holdings, Inc. (NYSE:PBH)‘s stock had its “hold” rating reissued by analysts at Jefferies Group LLC in a report issued on Wednesday. They currently have a $54.00 price objective on the stock. Jefferies Group LLC’s price target would suggest a potential upside of 6.78% from the stock’s previous close.

A number of other brokerages also recently weighed in on PBH. Zacks Investment Research raised shares of Prestige Brand Holdings from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Thursday, July 13th. UBS AG raised shares of Prestige Brand Holdings from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Raymond James Financial, Inc. raised shares of Prestige Brand Holdings from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a research note on Monday, May 22nd. BidaskClub downgraded shares of Prestige Brand Holdings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, DA Davidson reissued a “buy” rating and issued a $79.00 price objective on shares of Prestige Brand Holdings in a research note on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $64.50.

Shares of Prestige Brand Holdings (NYSE:PBH) traded down 1.65% during mid-day trading on Wednesday, hitting $50.57. 273,296 shares of the company were exchanged. Prestige Brand Holdings has a 12-month low of $44.64 and a 12-month high of $59.63. The company’s 50-day moving average price is $51.90 and its 200-day moving average price is $54.05. The firm has a market capitalization of $2.68 billion, a P/E ratio of 24.97 and a beta of 1.18.

Prestige Brand Holdings (NYSE:PBH) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.03. Prestige Brand Holdings had a net margin of 11.70% and a return on equity of 16.06%. The company had revenue of $256.57 million during the quarter, compared to the consensus estimate of $255.64 million. During the same quarter in the prior year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 22.4% on a year-over-year basis. Equities research analysts predict that Prestige Brand Holdings will post $2.64 earnings per share for the current fiscal year.

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In related news, SVP Jean A. Boyko sold 12,876 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $52.12, for a total value of $671,097.12. Following the completion of the transaction, the senior vice president now owns 26,566 shares of the company’s stock, valued at approximately $1,384,619.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.98% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its position in shares of Prestige Brand Holdings by 1.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,611 shares of the company’s stock valued at $1,034,000 after buying an additional 300 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp increased its position in Prestige Brand Holdings by 21.4% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 28,469 shares of the company’s stock valued at $1,582,000 after buying an additional 5,028 shares during the last quarter. Wesbanco Bank Inc. increased its position in Prestige Brand Holdings by 9.7% in the first quarter. Wesbanco Bank Inc. now owns 59,672 shares of the company’s stock valued at $3,315,000 after buying an additional 5,255 shares during the last quarter. Russell Investments Group Ltd. increased its position in Prestige Brand Holdings by 63.3% in the first quarter. Russell Investments Group Ltd. now owns 253,576 shares of the company’s stock valued at $14,089,000 after buying an additional 98,309 shares during the last quarter. Finally, Glen Harbor Capital Management LLC increased its position in Prestige Brand Holdings by 4.2% in the first quarter. Glen Harbor Capital Management LLC now owns 10,332 shares of the company’s stock valued at $574,000 after buying an additional 420 shares during the last quarter. 97.88% of the stock is owned by institutional investors and hedge funds.

Prestige Brand 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.

Analyst Recommendations for Prestige Brand Holdings (NYSE:PBH)

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