Prestige Brand (PBH) Trading Up 7%

Prestige Brand Holdings, Inc. (NYSE:PBH) shares were up 7% during mid-day trading on Tuesday . The stock traded as high as $48.24 and last traded at $47.67. Approximately 1,171,100 shares were traded during trading, an increase of 175% from the average daily volume of 425,998 shares. The stock had previously closed at $44.56.

PBH has been the topic of a number of research reports. Jefferies Group restated a “hold” rating and set a $54.00 target price on shares of Prestige Brand in a research report on Wednesday, August 16th. KeyCorp restated a “buy” rating and set a $61.00 target price on shares of Prestige Brand in a research report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Prestige Brand from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Wednesday, October 4th. DA Davidson set a $79.00 target price on shares of Prestige Brand and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, BMO Capital Markets upgraded shares of Prestige Brand from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $77.75.

The company has a current ratio of 2.06, a quick ratio of 1.32 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $2,482.22, a PE ratio of 19.34, a PEG ratio of 1.90 and a beta of 1.20.

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

Large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Prestige Brand by 10.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the company’s stock valued at $110,000 after acquiring an additional 205 shares during the period. First Mercantile Trust Co. raised its position in shares of Prestige Brand by 2.4% in the 2nd quarter. First Mercantile Trust Co. now owns 2,116 shares of the company’s stock valued at $112,000 after acquiring an additional 50 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Prestige Brand by 90.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock valued at $117,000 after acquiring an additional 1,055 shares during the period. Advisor Group Inc. raised its position in shares of Prestige Brand by 33.2% in the 2nd quarter. Advisor Group Inc. now owns 2,285 shares of the company’s stock valued at $120,000 after acquiring an additional 570 shares during the period. Finally, Zions Bancorporation acquired a new stake in shares of Prestige Brand in the 3rd quarter valued at approximately $165,000. Institutional investors and hedge funds own 98.56% of the company’s stock.

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Prestige Brand 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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