Zacks Investment Research lowered shares of Prestige Brand Holdings, Inc. (NYSE:PBH) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

According to Zacks, “Prestige Brands Holdings is a marketer and distributor of brand name over- the-counter drug, personal care and household cleaning products sold throughout the United States and Canada. Key brands include Compound W wart remover, Chloraseptic sore-throat relief products, New-Skin liquid bandage, Clear eyes and Murine eye and ear care products, Little Remedies pediatric over-the-counter healthcare products, Cutex nail polish remover, Comet and Spic & Span household cleaner and several other well-recognized brands. “

PBH has been the topic of a number of other reports. Jefferies Group LLC restated a hold rating and set a $54.00 price target on shares of Prestige Brand Holdings in a research note on Wednesday, August 16th. DA Davidson set a $79.00 price target on shares of Prestige Brand Holdings and gave the company a buy rating in a research note on Thursday, October 12th. KeyCorp restated a buy rating and set a $61.00 price target on shares of Prestige Brand Holdings in a research note on Wednesday, September 6th. Finally, BidaskClub cut shares of Prestige Brand Holdings from a sell rating to a strong sell rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $64.14.

Shares of Prestige Brand Holdings (NYSE:PBH) traded up 0.23% on Thursday, hitting $48.07. 287,519 shares of the stock traded hands. Prestige Brand Holdings has a 52 week low of $44.64 and a 52 week high of $59.63. The stock has a 50 day moving average price of $49.40 and a 200-day moving average price of $51.93. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 23.74 and a beta of 1.19.

Prestige Brand Holdings (NYSE:PBH) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.03. The company had revenue of $256.57 million for the quarter, compared to analysts’ expectations of $255.64 million. Prestige Brand Holdings had a net margin of 11.70% and a return on equity of 16.06%. Prestige Brand Holdings’s revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. On average, equities research analysts forecast that Prestige Brand Holdings will post $2.64 EPS for the current year.

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In other Prestige Brand Holdings news, SVP Jean A. Boyko sold 12,876 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $52.12, for a total value of $671,097.12. Following the sale, the senior vice president now directly owns 26,566 shares in the company, valued at approximately $1,384,619.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.98% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP increased its holdings in shares of Prestige Brand Holdings by 394.7% in the 1st quarter. First Trust Advisors LP now owns 19,317 shares of the company’s stock worth $1,073,000 after buying an additional 15,412 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Prestige Brand Holdings by 29.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 30,280 shares of the company’s stock worth $1,682,000 after buying an additional 6,976 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Prestige Brand Holdings by 6.0% in the 1st quarter. Ameriprise Financial Inc. now owns 149,997 shares of the company’s stock worth $8,334,000 after buying an additional 8,434 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Prestige Brand Holdings by 16.6% in the 1st quarter. JPMorgan Chase & Co. now owns 122,555 shares of the company’s stock worth $6,809,000 after buying an additional 17,469 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Prestige Brand Holdings by 4.2% in the 1st quarter. Alliancebernstein L.P. now owns 152,015 shares of the company’s stock worth $8,446,000 after buying an additional 6,090 shares during the last quarter. Institutional investors and hedge funds own 98.56% of the company’s stock.

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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Analyst Recommendations for Prestige Brand Holdings (NYSE:PBH)

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