Prestige Brands (PBH) Given New $43.00 Price Target at KeyCorp

Prestige Brands (NYSE:PBH) had its price target dropped by KeyCorp from $54.00 to $43.00 in a research report issued to clients and investors on Monday. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 21.64% from the stock’s current price. KeyCorp also issued estimates for Prestige Brands’ Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $2.58 EPS, Q1 2019 earnings at $0.76 EPS, Q2 2019 earnings at $0.75 EPS, Q3 2019 earnings at $0.84 EPS, Q4 2019 earnings at $0.77 EPS and FY2019 earnings at $3.12 EPS.

Several other equities research analysts have also recently weighed in on PBH. DA Davidson cut shares of Prestige Brands from a “buy” rating to a “neutral” rating and set a $79.00 price target for the company. in a research report on Friday, February 2nd. Zacks Investment Research cut shares of Prestige Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Jefferies Group dropped their price target on shares of Prestige Brands from $55.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. BMO Capital Markets reissued a “buy” rating and set a $118.00 price target on shares of Prestige Brands in a research report on Thursday, November 23rd. Finally, TD Securities reissued a “buy” rating and set a $125.00 price target on shares of Prestige Brands in a research report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $75.50.

Shares of Prestige Brands (NYSE PBH) opened at $35.35 on Monday. Prestige Brands has a 12 month low of $35.03 and a 12 month high of $59.63. The stock has a market cap of $1,870.00, a price-to-earnings ratio of 4.85, a PEG ratio of 1.52 and a beta of 1.05. The company has a quick ratio of 1.43, a current ratio of 2.19 and a debt-to-equity ratio of 1.69.

Prestige Brands (NYSE:PBH) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.70. Prestige Brands had a net margin of 38.05% and a return on equity of 14.14%. The company had revenue of $270.62 million during the quarter, compared to analysts’ expectations of $270.25 million. During the same quarter in the prior year, the company earned $0.61 EPS. The firm’s revenue was up 24.8% on a year-over-year basis. analysts forecast that Prestige Brands will post 2.58 earnings per share for the current fiscal year.

In related news, Director Natale S. Ricciardi bought 3,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was purchased at an average cost of $37.04 per share, with a total value of $111,120.00. Following the transaction, the director now owns 7,806 shares in the company, valued at approximately $289,134.24. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary E. Costley bought 7,500 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was bought at an average cost of $35.47 per share, with a total value of $266,025.00. Following the completion of the transaction, the director now owns 11,097 shares in the company, valued at approximately $393,610.59. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 17,500 shares of company stock valued at $628,725. Corporate insiders own 0.98% of the company’s stock.

Several large investors have recently bought and sold shares of the company. CS Mckee LP lifted its position in shares of Prestige Brands by 0.3% in the 2nd quarter. CS Mckee LP now owns 35,150 shares of the company’s stock worth $1,856,000 after purchasing an additional 100 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Prestige Brands by 1.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 21,389 shares of the company’s stock worth $1,130,000 after purchasing an additional 224 shares during the period. Flinton Capital Management LLC lifted its position in shares of Prestige Brands by 4.9% in the 2nd quarter. Flinton Capital Management LLC now owns 6,192 shares of the company’s stock worth $327,000 after purchasing an additional 288 shares during the period. Advisor Group Inc. lifted its position in shares of Prestige Brands by 33.2% in the 2nd quarter. Advisor Group Inc. now owns 2,285 shares of the company’s stock worth $120,000 after purchasing an additional 570 shares during the period. Finally, Thrivent Financial For Lutherans lifted its position in shares of Prestige Brands by 7.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 10,670 shares of the company’s stock worth $563,000 after purchasing an additional 710 shares during the period.

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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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