Zacks Investment Research Lowers Prestige Brand Holdings, Inc. (PBH) to Sell
Zacks Investment Research downgraded shares of Prestige Brand Holdings, Inc. (NYSE:PBH) from a hold rating to a sell rating in a report issued on Wednesday.
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. “
A number of other analysts also recently commented on the company. Jefferies Group LLC decreased their price target on Prestige Brand Holdings from $55.00 to $50.00 and set a hold rating for the company in a research report on Friday, November 3rd. KeyCorp set a $61.00 price target on Prestige Brand Holdings and gave the company a buy rating in a research report on Monday, October 16th. DA Davidson set a $79.00 price target on Prestige Brand Holdings and gave the company a buy rating in a research report on Thursday, October 12th. Finally, BidaskClub raised Prestige Brand Holdings from a strong sell rating to a sell rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Prestige Brand Holdings currently has an average rating of Buy and an average price target of $63.43.
Shares of Prestige Brand Holdings (NYSE PBH) traded down $0.36 on Wednesday, hitting $40.63. The company had a trading volume of 548,500 shares, compared to its average volume of 415,080. The company has a quick ratio of 1.32, a current ratio of 2.06 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $2,174.06, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 1.66 and a beta of 1.19. Prestige Brand Holdings has a one year low of $40.53 and a one year high of $59.63.
Prestige Brand Holdings (NYSE:PBH) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.05). The business had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $267.12 million. Prestige Brand Holdings had a net margin of 11.03% and a return on equity of 15.32%. The business’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 earnings per share. sell-side analysts anticipate that Prestige Brand Holdings will post 2.62 EPS for the current year.
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Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of Prestige Brand Holdings by 200.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,230,714 shares of the company’s stock worth $60,685,000 after purchasing an additional 821,118 shares in the last quarter. Legal & General Group Plc increased its stake in Prestige Brand Holdings by 14.3% in the 3rd quarter. Legal & General Group Plc now owns 47,649 shares of the company’s stock worth $2,384,000 after buying an additional 5,959 shares in the last quarter. Eagle Boston Investment Management Inc. increased its stake in Prestige Brand Holdings by 16.9% in the 3rd quarter. Eagle Boston Investment Management Inc. now owns 187,853 shares of the company’s stock worth $9,533,000 after buying an additional 27,191 shares in the last quarter. Nordea Investment Management AB increased its stake in Prestige Brand Holdings by 6.5% in the 3rd quarter. Nordea Investment Management AB now owns 39,649 shares of the company’s stock worth $1,986,000 after buying an additional 2,409 shares in the last quarter. Finally, ETRADE Capital Management LLC increased its stake in Prestige Brand Holdings by 51.2% in the 3rd quarter. ETRADE Capital Management LLC now owns 24,991 shares of the company’s stock worth $1,252,000 after buying an additional 8,460 shares in the last quarter. 98.56% of the stock is currently owned by institutional investors and hedge funds.
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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