BMO Capital Markets upgraded shares of Prestige Brand (NYSE:PBH) from a market perform rating to an outperform rating in a report issued on Wednesday, November 15th.
Several other research analysts have also issued reports on PBH. KeyCorp set a $61.00 price objective on Prestige Brand and gave the stock a buy rating in a research note on Monday, October 16th. DA Davidson set a $79.00 price objective on Prestige Brand and gave the stock a buy rating in a research note on Thursday, October 12th. Zacks Investment Research lowered Prestige Brand from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Jefferies Group dropped their price objective on Prestige Brand from $55.00 to $50.00 and set a hold rating for the company in a research note on Friday, November 3rd. Finally, BidaskClub upgraded Prestige Brand from a strong sell rating to a sell rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $77.75.
Prestige Brand (NYSE:PBH) opened at $44.56 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 1.32 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $2,397.36, a P/E ratio of 18.68, a PEG ratio of 1.83 and a beta of 1.20. Prestige Brand has a 1-year low of $40.11 and a 1-year high of $59.63.
Prestige Brand (NYSE:PBH) last issued its earnings results on Thursday, November 2nd. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). The firm had revenue of $258.00 million during 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 business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. equities research analysts anticipate that Prestige Brand will post 2.62 EPS for the current year.
A number of institutional investors have recently bought and sold shares of PBH. FMR LLC boosted its holdings in Prestige Brand by 56.7% in the second quarter. FMR LLC now owns 2,565,578 shares of the company’s stock valued at $135,487,000 after acquiring an additional 927,927 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Prestige Brand by 200.5% during the third quarter. JPMorgan Chase & Co. now owns 1,230,714 shares of the company’s stock worth $60,685,000 after buying an additional 821,118 shares during the last quarter. Janus Henderson Group PLC bought a new position in Prestige Brand during the second quarter worth about $36,642,000. Goldman Sachs Group Inc. boosted its holdings in Prestige Brand by 24.6% during the second quarter. Goldman Sachs Group Inc. now owns 836,084 shares of the company’s stock worth $44,154,000 after buying an additional 164,863 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Prestige Brand by 912.3% during the third quarter. American Century Companies Inc. now owns 177,899 shares of the company’s stock worth $8,911,000 after buying an additional 160,326 shares during 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.
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