Prestige Brands (PBH) Given Average Recommendation of “Hold” by Analysts

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

A number of research firms recently weighed in on PBH. TheStreet lowered shares of Prestige Brands from a “b-” rating to a “c+” rating in a research report on Friday, February 9th. DA Davidson lowered shares of Prestige Brands from a “buy” rating to a “neutral” rating and set a $79.00 price objective on the stock. in a research report on Friday, February 2nd. ValuEngine lowered shares of Prestige Brands from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. KeyCorp lowered their price target on shares of Prestige Brands from $54.00 to $43.00 and set an “overweight” rating on the stock 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 note on Thursday, January 4th.

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Shares of PBH stock traded down $0.34 during trading hours on Thursday, hitting $31.81. 195,403 shares of the company’s stock traded hands, compared to its average volume of 801,345. The company has a market capitalization of $1,663.83, a P/E ratio of 12.50, a PEG ratio of 1.08 and a beta of 1.16. Prestige Brands has a 12 month low of $31.18 and a 12 month high of $58.22. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.43 and a current ratio of 2.19.

Prestige Brands (NYSE:PBH) last announced its earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, hitting 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%. Prestige Brands’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 earnings per share. sell-side analysts forecast that Prestige Brands will post 2.58 earnings per share for the current fiscal year.

In related news, Director Gary E. Costley purchased 7,500 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of $35.47 per share, with a total value of $266,025.00. Following the acquisition, the director now directly owns 11,097 shares in the company, valued at approximately $393,610.59. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP William P’pool purchased 1,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $33.90 per share, for a total transaction of $50,850.00. Following the acquisition, the senior vice president now owns 6,600 shares in the company, valued at $223,740. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 19,000 shares of company stock worth $679,575. Insiders own 0.98% of the company’s stock.

Several large investors have recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in Prestige Brands by 13.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 270,115 shares of the company’s stock worth $13,530,000 after acquiring an additional 32,637 shares during the period. Legal & General Group Plc raised its position in shares of Prestige Brands by 14.3% during the third quarter. Legal & General Group Plc now owns 47,649 shares of the company’s stock valued at $2,384,000 after buying an additional 5,959 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Prestige Brands by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,867,572 shares of the company’s stock valued at $93,545,000 after buying an additional 24,101 shares during the last quarter. Zions Bancorporation bought a new stake in shares of Prestige Brands during the third quarter valued at approximately $165,000. Finally, California Public Employees Retirement System raised its position in shares of Prestige Brands by 6.2% during the third quarter. California Public Employees Retirement System now owns 122,902 shares of the company’s stock valued at $6,156,000 after buying an additional 7,202 shares during the last quarter.

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Prestige Brands Company Profile

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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