Prestige Brands Holdings Inc. (PBH) Stock Price Down 2.2%
Prestige Brands Holdings Inc. (NYSE:PBH)’s share price traded down 2.2% during mid-day trading on Friday . The stock traded as low as $51.16 and last traded at $51.78, with a volume of 409,410 shares. The stock had previously closed at $52.97.
Several equities analysts have issued reports on the company. Zacks Investment Research raised Prestige Brands Holdings from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Wednesday, April 20th. B. Riley reaffirmed a “buy” rating and set a $70.00 price objective on shares of Prestige Brands Holdings in a report on Friday. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Prestige Brands Holdings in a report on Wednesday, July 6th. Finally, Jefferies Group reaffirmed a “sell” rating on shares of Prestige Brands Holdings in a report on Saturday, May 14th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $59.80.
The company has a market cap of $2.71 billion and a PE ratio of 27.33. The stock has a 50-day moving average price of $54.25 and a 200-day moving average price of $52.93.
Prestige Brands Holdings (NYSE:PBH) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The business had revenue of $209.60 million for the quarter, compared to analysts’ expectations of $208.18 million. During the same period last year, the company posted $0.52 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts expect that Prestige Brands Holdings Inc. will post $2.33 EPS for the current year.
In other Prestige Brands Holdings news, SVP Jean A. Boyko sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $53.78, for a total value of $188,230.00. Following the transaction, the senior vice president now owns 12,804 shares in the company, valued at approximately $688,599.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Samuel C. Cowley sold 32,599 shares of the business’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $54.67, for a total transaction of $1,782,187.33. Following the completion of the transaction, the vice president now owns 49,525 shares in the company, valued at approximately $2,707,531.75. The disclosure for this sale can be found here.
Other institutional investors have recently modified their holdings of the company. Jennison Associates LLC purchased a new position in shares of Prestige Brands Holdings during the fourth quarter worth approximately $10,257,000. Morgan Stanley raised its position in shares of Prestige Brands Holdings by 110.3% in the fourth quarter. Morgan Stanley now owns 270,497 shares of the company’s stock worth $13,925,000 after buying an additional 141,853 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Prestige Brands Holdings by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,908,778 shares of the company’s stock worth $201,225,000 after buying an additional 74,159 shares in the last quarter. Fiduciary Management Associates LLC raised its position in shares of Prestige Brands Holdings by 17.2% in the fourth quarter. Fiduciary Management Associates LLC now owns 482,311 shares of the company’s stock worth $24,830,000 after buying an additional 70,695 shares in the last quarter. Finally, Matarin Capital Management LLC purchased a new position in shares of Prestige Brands Holdings during the fourth quarter worth approximately $2,848,000.
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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