Prestige Brand Holdings, Inc. (NYSE:PBH) – Stock analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for shares of Prestige Brand Holdings in a report released on Monday. Jefferies Group analyst S. Wissink now anticipates that the company will post earnings of $2.64 per share for the year, up from their previous estimate of $2.62. Jefferies Group currently has a “Hold” rating and a $55.00 target price on the stock. Jefferies Group also issued estimates for Prestige Brand Holdings’ Q4 2018 earnings at $0.64 EPS, Q2 2019 earnings at $0.76 EPS, Q3 2019 earnings at $0.73 EPS and Q4 2019 earnings at $0.71 EPS.

Prestige Brand Holdings (NYSE:PBH) last issued its earnings results on Thursday, August 3rd. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.03. Prestige Brand Holdings had a net margin of 11.70% and a return on equity of 16.06%. The firm had revenue of $256.57 million during the quarter, compared to the consensus estimate of $255.64 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 22.4% on a year-over-year basis.

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A number of other research analysts also recently issued reports on the stock. BidaskClub upgraded shares of Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 17th. Zacks Investment Research downgraded shares of Prestige Brand Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, KeyCorp restated a “buy” rating and issued a $61.00 price target on shares of Prestige Brand Holdings in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Prestige Brand Holdings has a consensus rating of “Buy” and an average target price of $64.14.

Shares of Prestige Brand Holdings (PBH) traded down 0.737% during midday trading on Tuesday, reaching $50.535. 328,145 shares of the company’s stock traded hands. The stock has a market cap of $2.68 billion, a P/E ratio of 24.956 and a beta of 1.19. Prestige Brand Holdings has a 52-week low of $44.64 and a 52-week high of $59.63. The stock has a 50-day moving average price of $50.32 and a 200-day moving average price of $52.58.

A number of hedge funds have recently made changes to their positions in PBH. BlackRock Inc. increased its stake in Prestige Brand Holdings by 11,872.9% during the 1st quarter. BlackRock Inc. now owns 6,970,978 shares of the company’s stock valued at $387,306,000 after purchasing an additional 6,912,755 shares in the last quarter. FMR LLC increased its stake in Prestige Brand Holdings by 56.7% during the 2nd quarter. FMR LLC now owns 2,565,578 shares of the company’s stock valued at $135,487,000 after purchasing an additional 927,927 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Prestige Brand Holdings during the 2nd quarter valued at $36,642,000. Vanguard Group Inc. increased its stake in Prestige Brand Holdings by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 5,680,475 shares of the company’s stock valued at $315,607,000 after purchasing an additional 607,598 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Prestige Brand Holdings by 234.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 409,596 shares of the company’s stock valued at $21,631,000 after purchasing an additional 287,041 shares in the last quarter. Institutional investors and hedge funds own 98.56% of the company’s stock.

In other Prestige Brand Holdings news, SVP Jean A. Boyko sold 12,876 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $52.12, for a total transaction of $671,097.12. Following the completion of the sale, the senior vice president now owns 26,566 shares in the company, valued at approximately $1,384,619.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.98% 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.

Earnings History and Estimates for Prestige Brand Holdings (NYSE:PBH)

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