William Blair upgraded shares of Prestige Brands (NYSE:PBH) from a market perform rating to an outperform rating in a research report report published on Monday, December 4th, MarketBeat.com reports.
A number of other equities analysts also recently commented on PBH. Jefferies Group reiterated a hold rating and set a $54.00 target price on shares of Prestige Brands in a research note on Wednesday, August 16th. Zacks Investment Research upgraded shares of Prestige Brands from a hold rating to a buy rating and set a $57.00 price objective for the company in a research note on Wednesday, October 4th. KeyCorp reaffirmed a buy rating and issued a $61.00 target price on shares of Prestige Brands in a report on Wednesday, September 6th. BMO Capital Markets reaffirmed a buy rating and issued a $118.00 target price on shares of Prestige Brands in a report on Thursday, November 23rd. Finally, TD Securities reaffirmed a buy rating and issued a $125.00 target price on shares of Prestige Brands in a report on Thursday, November 23rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of $77.75.
Shares of Prestige Brands (NYSE PBH) traded down $0.14 during midday trading on Monday, reaching $44.41. The company’s stock had a trading volume of 359,945 shares, compared to its average volume of 501,705. The stock has a market capitalization of $2,362.88, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. The company has a current ratio of 2.06, a quick ratio of 1.32 and a debt-to-equity ratio of 2.34. Prestige Brands has a 52 week low of $40.11 and a 52 week high of $59.63.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Prestige Brands by 2.0% during the second quarter. Vanguard Group Inc. now owns 5,791,429 shares of the company’s stock worth $305,845,000 after acquiring an additional 110,954 shares during the last quarter. FMR LLC raised its stake in Prestige Brands by 56.7% during the second quarter. FMR LLC now owns 2,565,578 shares of the company’s stock worth $135,487,000 after purchasing an additional 927,927 shares during the period. State Street Corp raised its stake in Prestige Brands by 4.9% during the second quarter. State Street Corp now owns 1,983,624 shares of the company’s stock worth $104,752,000 after purchasing an additional 92,687 shares during the period. Dimensional Fund Advisors LP raised its stake in Prestige Brands by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,867,572 shares of the company’s stock worth $93,545,000 after purchasing an additional 24,101 shares during the period. Finally, Voya Investment Management LLC raised its stake in Prestige Brands by 0.7% during the second quarter. Voya Investment Management LLC now owns 1,506,023 shares of the company’s stock worth $79,533,000 after purchasing an additional 9,860 shares during the period. Hedge funds and other 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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