Prestige Brands (PBH) Receives Buy Rating from DA Davidson

DA Davidson reaffirmed their buy rating on shares of Prestige Brands (NYSE:PBH) in a research report sent to investors on Monday. They currently have a $79.00 price target on the stock.

A number of other research analysts also recently weighed in on the company. KeyCorp reiterated a buy rating and set a $61.00 price target on shares of Prestige Brands in a report on Wednesday, September 6th. TD Securities reiterated a buy rating and set a $125.00 price target on shares of Prestige Brands in a report on Thursday, November 23rd. BMO Capital Markets reiterated a buy rating and set a $118.00 price target on shares of Prestige Brands in a report on Thursday, November 23rd. Zacks Investment Research upgraded Prestige Brands from a hold rating to a buy rating and set a $57.00 price target on the stock in a report on Wednesday, October 4th. Finally, Jefferies Group lowered their price target on Prestige Brands from $55.00 to $50.00 and set a hold rating on the stock in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $77.75.

Shares of Prestige Brands (NYSE:PBH) opened at $45.55 on Monday. The stock has a market capitalization of $2,417.03, a price-to-earnings ratio of 18.83, a PEG ratio of 1.85 and a beta of 1.20. The company has a current ratio of 2.06, a quick ratio of 1.32 and a debt-to-equity ratio of 2.34. Prestige Brands has a 52-week low of $40.11 and a 52-week high of $59.63.

Prestige Brands (NYSE:PBH) last announced 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). The company had revenue of $258.00 million for the quarter, compared to analyst estimates of $267.12 million. Prestige Brands had a return on equity of 15.32% and a net margin of 11.03%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. research analysts anticipate that Prestige Brands will post 2.62 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Parametric Portfolio Associates LLC grew its holdings in shares of Prestige Brands by 11.7% during the third quarter. Parametric Portfolio Associates LLC now owns 433,830 shares of the company’s stock valued at $21,731,000 after buying an additional 45,604 shares in the last quarter. Sterling Capital Management LLC grew its stake in Prestige Brands by 38.8% in the third quarter. Sterling Capital Management LLC now owns 29,559 shares of the company’s stock valued at $1,481,000 after purchasing an additional 8,259 shares in the last quarter. CS Mckee LP grew its stake in Prestige Brands by 4.6% in the third quarter. CS Mckee LP now owns 36,750 shares of the company’s stock valued at $1,841,000 after purchasing an additional 1,600 shares in the last quarter. California Public Employees Retirement System grew its stake in Prestige Brands by 6.2% in the third quarter. California Public Employees Retirement System now owns 122,902 shares of the company’s stock valued at $6,156,000 after purchasing an additional 7,202 shares in the last quarter. Finally, Zions Bancorporation purchased a new position in Prestige Brands in the third quarter valued at about $165,000. Institutional investors and hedge funds own 98.56% of the company’s stock.

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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.

Analyst Recommendations for Prestige Brands (NYSE:PBH)

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