Prestige Brands (NYSE:PBH)‘s stock had its “buy” rating reaffirmed by analysts at DA Davidson in a report issued on Monday. They currently have a $79.00 target price on the stock. DA Davidson’s target price would indicate a potential upside of 77.13% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. William Blair raised shares of Prestige Brands from a “market perform” rating to an “outperform” rating in a research report on Monday, December 4th. TD Securities reissued a “buy” rating and set a $125.00 price target on shares of Prestige Brands in a research report on Thursday, November 23rd. BMO Capital Markets reissued a “buy” rating and set a $118.00 price target on shares of Prestige Brands in a research report on Thursday, November 23rd. Zacks Investment Research cut Prestige Brands from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Finally, Jefferies Group reduced their price objective on Prestige Brands from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $77.75.

Shares of Prestige Brands (PBH) opened at $44.60 on Monday. Prestige Brands has a 1 year low of $40.11 and a 1 year high of $59.63. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.32 and a current ratio of 2.06. The firm has a market cap of $2,417.03, a P/E ratio of 18.83, a PEG ratio of 1.85 and a beta of 1.20.

Prestige Brands (NYSE:PBH) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Prestige Brands had a return on equity of 15.32% and a net margin of 11.03%. The company had revenue of $258.00 million for the quarter, compared to analyst estimates of $267.12 million. During the same period in the previous year, the business posted $0.63 EPS. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. research analysts expect that Prestige Brands will post 2.62 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC lifted its stake in Prestige Brands by 11.7% during the third quarter. Parametric Portfolio Associates LLC now owns 433,830 shares of the company’s stock worth $21,731,000 after purchasing an additional 45,604 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Prestige Brands by 38.8% during the third quarter. Sterling Capital Management LLC now owns 29,559 shares of the company’s stock worth $1,481,000 after purchasing an additional 8,259 shares during the last quarter. CS Mckee LP lifted its stake in Prestige Brands by 4.6% during the third quarter. CS Mckee LP now owns 36,750 shares of the company’s stock worth $1,841,000 after purchasing an additional 1,600 shares during the last quarter. California Public Employees Retirement System lifted its stake in Prestige Brands by 6.2% during the third quarter. California Public Employees Retirement System now owns 122,902 shares of the company’s stock worth $6,156,000 after purchasing an additional 7,202 shares during the last quarter. Finally, Zions Bancorporation bought a new position in Prestige Brands during the third quarter worth $165,000. Hedge funds and other institutional investors own 98.56% of the company’s stock.

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Prestige Brands 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.

Analyst Recommendations for Prestige Brands (NYSE:PBH)

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