Prestige Brand (PBH) Upgraded at William Blair

Prestige Brand (NYSE:PBH) was upgraded by analysts at William Blair from a “market perform” rating to an “outperform” rating in a report issued on Monday, The Fly reports.

PBH has been the subject of a number of other research reports. Jefferies Group reissued a “hold” rating and set a $55.00 target price (up previously from $54.00) on shares of Prestige Brand in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of Prestige Brand from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. TD Securities reissued a “buy” rating and set a $125.00 target price on shares of Prestige Brand in a research note on Thursday, November 23rd. KeyCorp reissued a “buy” rating and set a $61.00 target price on shares of Prestige Brand in a research note on Wednesday, September 6th. Finally, BMO Capital Markets reissued a “buy” rating and set a $118.00 target price on shares of Prestige Brand in a research note on Thursday, November 23rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $77.75.

Prestige Brand (NYSE PBH) opened at $44.56 on Monday. The company has a market cap of $2,363.41, a P/E ratio of 18.41, a P/E/G ratio of 1.81 and a beta of 1.20. Prestige Brand has a 52 week low of $40.11 and a 52 week high of $59.63. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.06 and a quick ratio of 1.32.

Prestige Brand (NYSE:PBH) last issued its earnings results on Thursday, November 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). The company had revenue of $258.00 million for the quarter, compared to analyst estimates of $267.12 million. Prestige Brand had a net margin of 11.03% and a return on equity of 15.32%. The company’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period last year, the business earned $0.63 EPS. analysts forecast that Prestige Brand will post 2.62 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in PBH. BlackRock Inc. raised its holdings in shares of Prestige Brand by 11,872.9% during the 1st quarter. BlackRock Inc. now owns 6,970,978 shares of the company’s stock valued at $387,306,000 after purchasing an additional 6,912,755 shares in the last quarter. Eagle Asset Management raised its holdings in shares of Prestige Brand by 89.0% during the 3rd quarter. Eagle Asset Management now owns 3,041,104 shares of the company’s stock valued at $137,336,000 after purchasing an additional 1,431,662 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Prestige Brand by 2,891.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,229,729 shares of the company’s stock valued at $68,127,000 after purchasing an additional 1,188,623 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Prestige Brand by 252.2% during the 1st quarter. Acadian Asset Management LLC now owns 1,544,763 shares of the company’s stock valued at $82,477,000 after purchasing an additional 1,106,216 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Prestige Brand by 56.7% during the 2nd quarter. FMR LLC now owns 2,565,578 shares of the company’s stock valued at $135,487,000 after purchasing an additional 927,927 shares in the last quarter. Institutional investors and hedge funds own 98.56% of the company’s stock.

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About Prestige Brand

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.

The Fly

Analyst Recommendations for Prestige Brand (NYSE:PBH)

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