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.
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.
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