According to Zacks, “Prestige Brands Holdings is a marketer and distributor of brand name over- the-counter drug, personal care and household cleaning products sold throughout the United States and Canada. Key brands include Compound W wart remover, Chloraseptic sore-throat relief products, New-Skin liquid bandage, Clear eyes and Murine eye and ear care products, Little Remedies pediatric over-the-counter healthcare products, Cutex nail polish remover, Comet and Spic & Span household cleaner and several other well-recognized brands. “
Other research analysts have also recently issued reports about the stock. B. Riley reaffirmed a buy rating and set a $70.00 target price on shares of Prestige Brands Holdings in a report on Friday, July 1st. Sidoti raised shares of Prestige Brands Holdings from a neutral rating to a buy rating and set a $59.00 target price on the stock in a report on Friday, August 12th. They noted that the move was a valuation call. Jefferies Group reaffirmed a sell rating on shares of Prestige Brands Holdings in a report on Wednesday, August 10th. Finally, Piper Jaffray Cos. reaffirmed an outperform rating on shares of Prestige Brands Holdings in a report on Friday, July 15th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $59.67.
Prestige Brands Holdings (NYSE:PBH) opened at 48.63 on Thursday. Prestige Brands Holdings has a 12-month low of $43.63 and a 12-month high of $58.09. The firm has a market cap of $2.57 billion, a P/E ratio of 37.67 and a beta of 1.57. The firm’s 50-day moving average price is $47.90 and its 200 day moving average price is $52.63.
Prestige Brands Holdings (NYSE:PBH) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.04. The firm earned $209.60 million during the quarter, compared to the consensus estimate of $208.18 million. Prestige Brands Holdings had a net margin of 8.28% and a return on equity of 16.50%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. Analysts forecast that Prestige Brands Holdings will post $2.34 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Treasurer State of Michigan purchased a new position in shares of Prestige Brands Holdings during the second quarter worth about $1,174,000. BlackRock Inc. boosted its stake in Prestige Brands Holdings by 3.4% in the first quarter. BlackRock Inc. now owns 71,786 shares of the company’s stock worth $3,833,000 after buying an additional 2,386 shares during the last quarter. BlackRock Japan Co. Ltd boosted its stake in Prestige Brands Holdings by 31.5% in the first quarter. BlackRock Japan Co. Ltd now owns 22,493 shares of the company’s stock worth $1,201,000 after buying an additional 5,392 shares during the last quarter. Credit Agricole S A boosted its stake in Prestige Brands Holdings by 82.0% in the first quarter. Credit Agricole S A now owns 44,400 shares of the company’s stock worth $2,370,000 after buying an additional 20,000 shares during the last quarter. Finally, Aristotle Capital Boston LLC boosted its stake in Prestige Brands Holdings by 6.8% in the first quarter. Aristotle Capital Boston LLC now owns 104,531 shares of the company’s stock worth $5,581,000 after buying an additional 6,634 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.
About Prestige Brands Holdings
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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