Prestige Brand Holdings, Inc. (NYSE:PBH) has received a consensus recommendation of “Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $64.83.
Several equities research analysts recently issued reports on the company. B. Riley reiterated a “buy” rating and issued a $77.00 price objective on shares of Prestige Brand Holdings in a report on Sunday, February 26th. Zacks Investment Research upgraded Prestige Brand Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, June 7th. Jefferies Group LLC upgraded Prestige Brand Holdings from an “underperform” rating to a “hold” rating and set a $54.00 price objective on the stock in a report on Friday, June 2nd. Raymond James Financial, Inc. upgraded Prestige Brand Holdings from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a report on Monday, May 22nd. Finally, DA Davidson restated a “buy” rating and set a $79.00 target price on shares of Prestige Brand Holdings in a report on Monday, May 8th.
Shares of Prestige Brand Holdings (NYSE:PBH) traded up 0.38% during trading on Monday, reaching $52.63. The company had a trading volume of 532,828 shares. The stock’s 50-day moving average price is $52.41 and its 200-day moving average price is $53.58. The company has a market capitalization of $2.79 billion, a PE ratio of 40.48 and a beta of 1.24. Prestige Brand Holdings has a 52 week low of $44.64 and a 52 week high of $59.63.
Prestige Brand Holdings (NYSE:PBH) last posted its quarterly earnings data on Thursday, May 11th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.01. Prestige Brand Holdings had a return on equity of 16.15% and a net margin of 7.87%. The firm had revenue of $240.70 million during the quarter, compared to analyst estimates of $234.74 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities analysts expect that Prestige Brand Holdings will post $2.63 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Regent Investment Management LLC acquired a new position in Prestige Brand Holdings during the first quarter worth approximately $240,000. B. Riley Financial Inc. acquired a new position in Prestige Brand Holdings during the third quarter worth approximately $219,000. Eqis Capital Management Inc. acquired a new position in Prestige Brand Holdings during the first quarter worth approximately $287,000. GSA Capital Partners LLP acquired a new position in Prestige Brand Holdings during the fourth quarter worth approximately $279,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Prestige Brand Holdings during the first quarter worth approximately $303,000. Hedge funds and other institutional investors own 98.97% of the company’s stock.
Prestige Brand Holdings Company Profile
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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