Prestige Brand Holdings, Inc. (NYSE:PBH) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other research firms have also commented on PBH. B. Riley reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Prestige Brand Holdings in a research note on Sunday, February 26th. Raymond James Financial, Inc. raised Prestige Brand Holdings from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research note on Monday, May 22nd. Zacks Investment Research lowered Prestige Brand Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, March 22nd. Jefferies Group LLC cut their price objective on Prestige Brand Holdings from $49.00 to $45.00 and set an “underperform” rating on the stock in a research note on Friday, May 12th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Prestige Brand Holdings in a research note on Monday, May 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.00.

Analyst Recommendations for Prestige Brand Holdings (NYSE:PBH)

Shares of Prestige Brand Holdings (PBH) traded up 0.38% on Friday, reaching $52.63. 532,828 shares of the company traded hands. The firm’s 50 day moving average is $52.41 and its 200 day moving average is $53.58. Prestige Brand Holdings has a one year low of $44.64 and a one year high of $59.63. The company has a market capitalization of $2.79 billion, a P/E ratio of 40.48 and a beta of 1.24.

Prestige Brand Holdings (NYSE:PBH) last posted its quarterly earnings data on Thursday, May 11th. The company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.01. The company had revenue of $240.70 million during the quarter, compared to analyst estimates of $234.74 million. Prestige Brand Holdings had a return on equity of 16.15% and a net margin of 7.87%. Prestige Brand Holdings’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. Analysts expect that Prestige Brand Holdings will post $2.63 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of PBH. Envestnet Asset Management Inc. raised its position in shares of Prestige Brand Holdings by 2.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 8,391 shares of the company’s stock valued at $436,000 after buying an additional 179 shares during the period. Advantus Capital Management Inc raised its position in shares of Prestige Brand Holdings by 3.0% in the first quarter. Advantus Capital Management Inc now owns 6,777 shares of the company’s stock valued at $377,000 after buying an additional 199 shares during the period. State Treasurer State of Michigan raised its position in shares of Prestige Brand Holdings by 0.9% in the first quarter. State Treasurer State of Michigan now owns 21,500 shares of the company’s stock valued at $1,195,000 after buying an additional 200 shares during the period. Arizona State Retirement System raised its position in shares of Prestige Brand Holdings by 0.9% in the first quarter. Arizona State Retirement System now owns 22,000 shares of the company’s stock valued at $1,222,000 after buying an additional 200 shares during the period. Finally, Flinton Capital Management LLC raised its position in shares of Prestige Brand Holdings by 4.2% in the first quarter. Flinton Capital Management LLC now owns 5,904 shares of the company’s stock valued at $328,000 after buying an additional 240 shares during the period. 98.97% of the stock is currently owned by hedge funds and other institutional investors.

Prestige Brand Holdings 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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