Prestige Brand Holdings, Inc. (NYSE:PBH) has been given a $79.00 price objective by analysts at DA Davidson in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. DA Davidson’s target price points to a potential upside of 64.07% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. BidaskClub raised shares of Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 17th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $54.00 price target on shares of Prestige Brand Holdings in a report on Wednesday, August 16th. KeyCorp reaffirmed a “buy” rating and issued a $61.00 price target on shares of Prestige Brand Holdings in a report on Wednesday, September 6th. Finally, 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 Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. Prestige Brand Holdings presently has an average rating of “Buy” and a consensus target price of $64.14.

Shares of Prestige Brand Holdings (NYSE PBH) traded down 0.39% during trading on Thursday, reaching $48.15. The company has a market cap of $2.55 billion, a PE ratio of 23.78 and a beta of 1.19. Prestige Brand Holdings has a 1-year low of $44.64 and a 1-year high of $59.63. The company’s 50-day moving average price is $49.88 and its 200 day moving average price is $52.28.

Prestige Brand Holdings (NYSE:PBH) last posted its earnings results on Thursday, August 3rd. The company reported $0.66 EPS for the quarter, beating 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 analysts’ expectations of $255.64 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. Prestige Brand Holdings’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, equities research analysts anticipate that Prestige Brand Holdings will post $2.64 EPS for the current year.

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In other Prestige Brand Holdings news, SVP Jean A. Boyko sold 12,876 shares of the firm’s stock in a transaction 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 $1,384,619.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.98% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. increased its stake in shares of Prestige Brand Holdings by 2.4% in the second quarter. First Mercantile Trust Co. now owns 2,116 shares of the company’s stock worth $112,000 after acquiring an additional 50 shares during the period. Capstone Asset Management Co. increased its stake in shares of Prestige Brand Holdings by 1.2% in the second quarter. Capstone Asset Management Co. now owns 6,106 shares of the company’s stock worth $322,000 after acquiring an additional 70 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Prestige Brand Holdings by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 33,796 shares of the company’s stock worth $1,785,000 after acquiring an additional 98 shares during the period. CS Mckee LP increased its stake in shares of Prestige Brand Holdings by 0.3% in the second quarter. CS Mckee LP now owns 35,150 shares of the company’s stock worth $1,856,000 after acquiring an additional 100 shares during the period. Finally, Advantus Capital Management Inc increased its stake in shares of Prestige Brand Holdings by 3.0% in the first quarter. Advantus Capital Management Inc now owns 6,777 shares of the company’s stock worth $377,000 after acquiring an additional 199 shares during the period. Hedge funds and other institutional investors own 98.56% of the company’s stock.

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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