Prestige Brand Holdings, Inc. (PBH) Earns Hold Rating from Jefferies Group LLC
Jefferies Group LLC reaffirmed their hold rating on shares of Prestige Brand Holdings, Inc. (NYSE:PBH) in a research report released on Monday. They currently have a $55.00 price target on the stock, up from their prior price target of $54.00. Jefferies Group also issued estimates for Prestige Brand Holdings’ Q3 2018 earnings at $0.67 EPS, Q4 2018 earnings at $0.64 EPS, FY2018 earnings at $2.64 EPS, Q1 2019 earnings at $0.71 EPS, Q2 2019 earnings at $0.76 EPS, Q3 2019 earnings at $0.73 EPS, Q4 2019 earnings at $0.71 EPS and FY2019 earnings at $2.90 EPS.
A number of other analysts also recently issued reports on the company. BidaskClub raised Prestige Brand Holdings from a strong sell rating to a sell rating in a research note on Saturday, June 17th. Zacks Investment Research downgraded Prestige Brand Holdings from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Finally, KeyCorp reaffirmed a buy rating and issued a $61.00 target price on shares of Prestige Brand Holdings in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $64.14.
Prestige Brand Holdings (NYSE PBH) opened at 50.91 on Monday. Prestige Brand Holdings has a 1-year low of $44.64 and a 1-year high of $59.63. The firm’s 50-day moving average is $50.32 and its 200 day moving average is $52.58. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 25.14 and a beta of 1.19.
Prestige Brand Holdings (NYSE:PBH) last issued its earnings results on Thursday, August 3rd. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Prestige Brand Holdings had a return on equity of 16.06% and a net margin of 11.70%. The business had revenue of $256.57 million during the quarter, compared to the consensus estimate of $255.64 million. During the same period last year, the company earned $0.59 EPS. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. Equities analysts anticipate that Prestige Brand Holdings will post $2.64 EPS for the current fiscal year.
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In related news, SVP Jean A. Boyko sold 12,876 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was 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 directly owns 26,566 shares of the company’s stock, valued at approximately $1,384,619.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.98% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the stock. First Mercantile Trust Co. increased its position in shares of Prestige Brand Holdings by 2.4% during the 2nd quarter. First Mercantile Trust Co. now owns 2,116 shares of the company’s stock worth $112,000 after purchasing an additional 50 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Prestige Brand Holdings by 1.2% during the 2nd quarter. Capstone Asset Management Co. now owns 6,106 shares of the company’s stock worth $322,000 after purchasing an additional 70 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Prestige Brand Holdings by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 33,796 shares of the company’s stock worth $1,785,000 after purchasing an additional 98 shares during the last quarter. CS Mckee LP increased its position in shares of Prestige Brand Holdings by 0.3% during the 2nd quarter. CS Mckee LP now owns 35,150 shares of the company’s stock worth $1,856,000 after purchasing an additional 100 shares during the last quarter. Finally, Advantus Capital Management Inc increased its position in shares of Prestige Brand Holdings by 3.0% during the 1st quarter. Advantus Capital Management Inc now owns 6,777 shares of the company’s stock worth $377,000 after purchasing an additional 199 shares during the last quarter. 98.56% of the stock is owned by hedge funds and other institutional investors.
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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