Prestige Brand Holdings, Inc. (PBH) Stock Rating Reaffirmed by TD Securities
Prestige Brand Holdings, Inc. (NYSE:PBH)‘s stock had its “buy” rating restated by analysts at TD Securities in a report released on Thursday. They presently have a $125.00 target price on the stock. TD Securities’ target price would suggest a potential upside of 188.82% from the company’s previous close.
A number of other research firms also recently weighed in on PBH. BidaskClub raised Prestige Brand from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research lowered Prestige Brand from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and set a $54.00 price objective on shares of Prestige Brand in a report on Wednesday, August 16th. KeyCorp reaffirmed a “buy” rating and issued a $61.00 target price on shares of Prestige Brand in a report on Wednesday, September 6th. Finally, DA Davidson set a $79.00 target price on Prestige Brand and gave the company a “buy” rating in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $77.75.
Shares of Prestige Brand (PBH) traded up $0.34 during trading hours on Thursday, hitting $43.28. The stock had a trading volume of 133,600 shares, compared to its average volume of 421,495. The firm has a market cap of $2,295.53, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.19. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.06 and a quick ratio of 1.32. Prestige Brand has a 12 month low of $40.11 and a 12 month high of $59.63.
Prestige Brand (NYSE:PBH) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Prestige Brand had a net margin of 11.03% and a return on equity of 15.32%. The business had revenue of $258.00 million during the quarter, compared to analyst estimates of $267.12 million. During the same period in the prior year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. research analysts predict that Prestige Brand will post 2.62 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. First Mercantile Trust Co. lifted its position in shares of Prestige Brand by 2.4% during the second quarter. First Mercantile Trust Co. now owns 2,116 shares of the company’s stock worth $112,000 after acquiring an additional 50 shares in the last quarter. Capstone Asset Management Co. lifted its position in shares of Prestige Brand by 1.2% during the second quarter. Capstone Asset Management Co. now owns 6,106 shares of the company’s stock worth $322,000 after acquiring an additional 70 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Prestige Brand by 0.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 33,796 shares of the company’s stock worth $1,785,000 after acquiring an additional 98 shares in the last quarter. CS Mckee LP lifted its position in shares of Prestige Brand by 0.3% during the second quarter. CS Mckee LP now owns 35,150 shares of the company’s stock worth $1,856,000 after acquiring an additional 100 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Prestige Brand by 10.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the company’s stock worth $110,000 after acquiring an additional 205 shares in the last quarter. Institutional investors and hedge funds own 98.56% of the company’s stock.
About Prestige Brand
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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