DA Davidson reiterated their buy rating on shares of Prestige Brands (NYSE:PBH) in a research report report published on Monday, December 18th. They currently have a $79.00 price objective on the stock.
Several other research firms also recently weighed in on PBH. Zacks Investment Research downgraded Prestige Brands from a buy rating to a hold rating in a research report on Thursday, October 19th. BMO Capital Markets upgraded Prestige Brands from a market perform rating to an outperform rating in a research note on Wednesday, November 15th. KeyCorp set a $61.00 target price on Prestige Brands and gave the company a buy rating in a research note on Monday, October 16th. Jefferies Group reduced their price target on Prestige Brands from $55.00 to $50.00 and set a hold rating for the company in a report on Friday, November 3rd. Finally, TD Securities reissued a buy rating and issued a $125.00 price target on shares of Prestige Brands in a report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $77.75.
Prestige Brands (NYSE:PBH) traded up $0.89 during trading hours on Monday, hitting $44.95. The stock had a trading volume of 429,522 shares, compared to its average volume of 628,690. The firm has a market capitalization of $2,380.00, a price-to-earnings ratio of 22.48, a P/E/G ratio of 1.79 and a beta of 1.19. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.32 and a current ratio of 2.06. Prestige Brands has a 1-year low of $40.11 and a 1-year high of $59.63.
Prestige Brands (NYSE:PBH) last posted its earnings results on Thursday, November 2nd. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.05). Prestige Brands had a return on equity of 15.32% and a net margin of 11.03%. The firm had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $267.12 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. analysts expect that Prestige Brands will post 2.62 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the company. FMR LLC grew its holdings in shares of Prestige Brands by 56.7% in the 2nd quarter. FMR LLC now owns 2,565,578 shares of the company’s stock worth $135,487,000 after acquiring an additional 927,927 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Prestige Brands by 200.5% during the third quarter. JPMorgan Chase & Co. now owns 1,230,714 shares of the company’s stock valued at $60,685,000 after purchasing an additional 821,118 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Prestige Brands during the second quarter valued at $36,642,000. Goldman Sachs Group Inc. raised its holdings in Prestige Brands by 24.6% during the second quarter. Goldman Sachs Group Inc. now owns 836,084 shares of the company’s stock valued at $44,154,000 after buying an additional 164,863 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Prestige Brands by 912.3% during the third quarter. American Century Companies Inc. now owns 177,899 shares of the company’s stock valued at $8,911,000 after buying an additional 160,326 shares in the last quarter. Institutional investors own 98.56% of the company’s stock.
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About Prestige Brands
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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