Shares of Prestige Brands (NYSE:PBH) have been assigned an average rating of “Hold” from the twelve analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $78.33.
PBH has been the subject of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and set a $79.00 price objective on shares of Prestige Brands in a research note on Monday, December 18th. TheStreet lowered shares of Prestige Brands from a “b-” rating to a “c+” rating in a research note on Friday, February 9th. Zacks Investment Research raised shares of Prestige Brands from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. KeyCorp decreased their target price on 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, ValuEngine downgraded Prestige Brands from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd.
NYSE PBH traded down $0.34 on Thursday, hitting $31.81. 195,403 shares of the stock were exchanged, compared to its average volume of 801,345. 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 capitalization of $1,663.83, a price-to-earnings ratio of 12.50, a PEG ratio of 1.08 and a beta of 1.16. Prestige Brands has a 52-week low of $31.18 and a 52-week high of $58.22.
Prestige Brands (NYSE:PBH) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.70 EPS for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $270.62 million during the quarter, compared to analyst estimates of $270.25 million. Prestige Brands had a net margin of 38.05% and a return on equity of 14.14%. Prestige Brands’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. equities research analysts anticipate that Prestige Brands will post 2.58 EPS for the current year.
In other Prestige Brands news, SVP William P’pool bought 1,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of $33.90 per share, for a total transaction of $50,850.00. Following the completion of the transaction, the senior vice president now owns 6,600 shares in the company, valued at $223,740. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Natale S. Ricciardi bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were acquired at an average price of $37.04 per share, with a total value of $111,120.00. Following the completion of the transaction, the director now owns 7,806 shares of the company’s stock, valued at approximately $289,134.24. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 19,000 shares of company stock valued at $679,575. Corporate insiders own 0.98% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. ING Groep NV raised its holdings in shares of Prestige Brands by 23.3% in the fourth quarter. ING Groep NV now owns 8,003 shares of the company’s stock valued at $355,000 after acquiring an additional 1,512 shares in the last quarter. Swiss National Bank raised its holdings in shares of Prestige Brands by 3.3% in the fourth quarter. Swiss National Bank now owns 91,500 shares of the company’s stock valued at $4,064,000 after acquiring an additional 2,900 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Prestige Brands by 15.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 820,664 shares of the company’s stock valued at $36,446,000 after acquiring an additional 106,964 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Prestige Brands by 38.8% in the third quarter. Sterling Capital Management LLC now owns 29,559 shares of the company’s stock valued at $1,481,000 after acquiring an additional 8,259 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its holdings in shares of Prestige Brands by 32.9% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,559,828 shares of the company’s stock valued at $69,272,000 after acquiring an additional 385,950 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.
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