Prestige Brands (PBH) Receives Average Rating of “Hold” from Analysts

Prestige Brands (NYSE:PBH) has been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $78.33.

A number of research analysts recently weighed in on the stock. ValuEngine downgraded shares of Prestige Brands from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. TheStreet downgraded shares of Prestige Brands from a “b-” rating to a “c+” rating in a research report on Friday, February 9th. DA Davidson downgraded shares of Prestige Brands from a “buy” rating to a “neutral” rating and set a $79.00 target price for the company. in a research report on Friday, February 2nd. KeyCorp decreased their target price on shares of Prestige Brands from $54.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, February 5th. Finally, Zacks Investment Research raised shares of Prestige Brands from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th.

Shares of NYSE:PBH traded down $0.32 during midday trading on Thursday, reaching $31.99. 112,751 shares of the company were exchanged, compared to its average volume of 803,587. Prestige Brands has a fifty-two week low of $31.86 and a fifty-two week high of $58.22. The company has a quick ratio of 1.43, a current ratio of 2.19 and a debt-to-equity ratio of 1.69. The firm has a market cap of $1,731.72, a price-to-earnings ratio of 13.51, a PEG ratio of 1.13 and a beta of 1.16.



Prestige Brands (NYSE:PBH) last released its earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. The business had revenue of $270.62 million during the quarter, compared to the consensus estimate of $270.25 million. Prestige Brands had a net margin of 38.05% and a return on equity of 14.14%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. research analysts expect that Prestige Brands will post 2.58 earnings per share for the current fiscal year.

In related news, SVP William P’pool bought 1,500 shares of Prestige Brands stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $33.90 per share, with a total value of $50,850.00. Following the acquisition, the senior vice president now owns 6,600 shares of the company’s stock, valued at approximately $223,740. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ronald M. Lombardi bought 7,000 shares of Prestige Brands stock in a transaction that occurred on Monday, February 5th. The shares were bought at an average cost of $35.94 per share, with a total value of $251,580.00. Following the acquisition, the chief executive officer now directly owns 138,969 shares in the company, valued at approximately $4,994,545.86. The disclosure for this purchase can be found here. In the last three months, insiders bought 19,000 shares of company stock valued at $679,575. Insiders own 0.98% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB acquired a new stake in Prestige Brands in the 4th quarter worth about $421,000. MetLife Investment Advisors LLC acquired a new position in shares of Prestige Brands in the 4th quarter valued at approximately $2,631,000. Gotham Asset Management LLC raised its position in shares of Prestige Brands by 37.2% in the 4th quarter. Gotham Asset Management LLC now owns 144,093 shares of the company’s stock valued at $6,399,000 after buying an additional 39,050 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Prestige Brands by 11.7% in the 4th quarter. Macquarie Group Ltd. now owns 701,872 shares of the company’s stock valued at $31,170,000 after buying an additional 73,293 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Prestige Brands by 33.4% in the 4th quarter. Millennium Management LLC now owns 546,233 shares of the company’s stock valued at $24,258,000 after buying an additional 136,642 shares in the last quarter.

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About Prestige Brands

Prestige Brands Holdings, Inc, through its subsidiaries, markets, sells, manufactures, and distributes over-the-counter (OTC) healthcare and household cleaning products in North America, Australia, and internationally. It operates through North American OTC Healthcare, International OTC Healthcare, and Household Cleaning segments.

Analyst Recommendations for Prestige Brands (NYSE:PBH)

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