Shares of Prestige Brands Holdings, Inc. (NYSE:PBH) have received an average rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $71.40.

A number of equities analysts have weighed in on PBH shares. ValuEngine cut shares of Prestige Brands from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. DA Davidson cut shares of Prestige Brands to a “neutral” rating and set a $33.00 price objective for the company. in a research report on Tuesday, May 8th. Zacks Investment Research cut shares of Prestige Brands from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. Finally, Jefferies Financial Group set a $38.00 price objective on shares of Prestige Brands and gave the stock a “hold” rating in a research report on Thursday, August 2nd.

NYSE PBH traded up $0.08 during mid-day trading on Wednesday, reaching $38.73. 27,319 shares of the stock were exchanged, compared to its average volume of 782,320. Prestige Brands has a 1 year low of $27.84 and a 1 year high of $51.79. The company has a market capitalization of $1.94 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.37 and a current ratio of 2.21.

Prestige Brands (NYSE:PBH) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The firm had revenue of $253.98 million for the quarter, compared to the consensus estimate of $253.70 million. Prestige Brands had a net margin of 32.76% and a return on equity of 12.45%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 earnings per share. equities analysts expect that Prestige Brands will post 2.86 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC raised its position in shares of Prestige Brands by 130.7% in the first quarter. Citadel Advisors LLC now owns 219,862 shares of the company’s stock valued at $7,414,000 after buying an additional 124,560 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Prestige Brands in the first quarter valued at about $683,000. Wells Fargo & Company MN raised its position in shares of Prestige Brands by 46.4% in the first quarter. Wells Fargo & Company MN now owns 1,837,285 shares of the company’s stock valued at $61,954,000 after buying an additional 582,373 shares during the last quarter. Nicolet Bankshares Inc. acquired a new stake in shares of Prestige Brands in the first quarter valued at about $202,000. Finally, Royal Bank of Canada raised its position in shares of Prestige Brands by 81.4% in the first quarter. Royal Bank of Canada now owns 2,027,327 shares of the company’s stock valued at $68,362,000 after buying an additional 909,507 shares during the last quarter.

Prestige Brands Company Profile

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

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Analyst Recommendations for Prestige Brands (NYSE:PBH)

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