Other analysts also recently issued reports about the company. KeyCorp set a $61.00 price objective on Prestige Brands and gave the company a buy rating in a research report on Monday, October 16th. Zacks Investment Research downgraded Prestige Brands from a buy rating to a hold rating in a research report on Thursday, October 19th. William Blair upgraded Prestige Brands from a market perform rating to an outperform rating in a research report on Monday, December 4th. 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 report on Friday, November 3rd. Finally, TD Securities restated a buy rating and issued a $125.00 price objective on shares of Prestige Brands in a research report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Prestige Brands presently has a consensus rating of Buy and a consensus price target of $75.50.
Shares of Prestige Brands (PBH) opened at $35.53 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.43 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $1,900.38, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.46 and a beta of 1.06. Prestige Brands has a 12-month low of $35.03 and a 12-month high of $59.63.
Prestige Brands (NYSE:PBH) last posted its earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.70. The company had revenue of $270.62 million for the quarter, compared to the consensus estimate of $270.25 million. Prestige Brands had a return on equity of 14.14% and a net margin of 38.05%. Prestige Brands’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. equities analysts predict that Prestige Brands will post 2.61 EPS for the current year.
In other Prestige Brands news, Director Gary E. Costley bought 7,500 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average cost of $35.47 per share, for a total transaction of $266,025.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.98% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in PBH. Ameriprise Financial Inc. increased its stake in Prestige Brands by 58.3% in the second quarter. Ameriprise Financial Inc. now owns 237,478 shares of the company’s stock valued at $12,541,000 after purchasing an additional 87,481 shares during the last quarter. Amalgamated Bank increased its stake in Prestige Brands by 4.9% in the second quarter. Amalgamated Bank now owns 7,666 shares of the company’s stock valued at $405,000 after purchasing an additional 361 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Prestige Brands by 90.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock valued at $117,000 after purchasing an additional 1,055 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in Prestige Brands by 7.1% in the second quarter. Thrivent Financial For Lutherans now owns 10,670 shares of the company’s stock valued at $563,000 after purchasing an additional 710 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in Prestige Brands by 4.5% in the second quarter. New York State Common Retirement Fund now owns 154,214 shares of the company’s stock valued at $8,144,000 after purchasing an additional 6,624 shares during the last quarter.
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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.
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