Prestige Brand Holdings, Inc. (PBH) Upgraded by BidaskClub to Sell

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.

Analyst Recommendations for Prestige Brand Holdings (NYSE:PBH)

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.

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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.

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