Prestige Brand Holdings, Inc. (NYSE:PBH) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.
PBH has been the topic of several other research reports. B. Riley reiterated a “buy” rating and set a $77.00 price objective on shares of Prestige Brand Holdings in a report on Sunday, February 26th. Raymond James Financial, Inc. upgraded Prestige Brand Holdings from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a report on Monday, May 22nd. Zacks Investment Research cut Prestige Brand Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, March 22nd. Jefferies Group LLC cut their price objective on Prestige Brand Holdings from $49.00 to $45.00 and set an “underperform” rating on the stock in a report on Friday, May 12th. Finally, DA Davidson reiterated a “buy” rating and set a $79.00 price objective on shares of Prestige Brand Holdings in a report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $64.00.
Prestige Brand Holdings (NYSE PBH) traded up 0.38% during mid-day trading on Friday, reaching $52.63. 532,828 shares of the company’s stock were exchanged. 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 $52.41 and a 200-day moving average price of $53.58. The stock has a market cap of $2.79 billion, a P/E ratio of 40.48 and a beta of 1.24.
Prestige Brand Holdings (NYSE:PBH) last issued its earnings results on Thursday, May 11th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.01. Prestige Brand Holdings had a return on equity of 16.15% and a net margin of 7.87%. The company had revenue of $240.70 million for the quarter, compared to the consensus estimate of $234.74 million. During the same quarter last year, the business posted $0.52 EPS. Prestige Brand Holdings’s quarterly revenue was up 15.8% on a year-over-year basis. On average, analysts forecast that Prestige Brand Holdings will post $2.63 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. Cortina Asset Management LLC boosted its position in Prestige Brand Holdings by 15.8% in the fourth quarter. Cortina Asset Management LLC now owns 86,057 shares of the company’s stock valued at $4,484,000 after buying an additional 11,745 shares during the period. 1st Global Advisors Inc. raised its stake in shares of Prestige Brand Holdings by 21.3% in the first quarter. 1st Global Advisors Inc. now owns 15,993 shares of the company’s stock worth $889,000 after buying an additional 2,810 shares in the last quarter. Comerica Bank raised its stake in shares of Prestige Brand Holdings by 13.7% in the fourth quarter. Comerica Bank now owns 42,139 shares of the company’s stock worth $2,187,000 after buying an additional 5,074 shares in the last quarter. Numeric Investors LLC raised its stake in shares of Prestige Brand Holdings by 126.4% in the fourth quarter. Numeric Investors LLC now owns 36,000 shares of the company’s stock worth $1,876,000 after buying an additional 20,100 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Prestige Brand Holdings by 8.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,010 shares of the company’s stock worth $469,000 after buying an additional 740 shares in the last quarter. Institutional investors and hedge funds own 98.97% 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.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2230658/prestige-brand-holdings-inc-pbh-upgraded-by-bidaskclub-to-sell.html
Receive News & Ratings for Prestige Brand Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Brand Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.