Prestige Brand Holdings, Inc. (NYSE:PBH) – KeyCorp decreased their FY2018 earnings per share estimates for Prestige Brand Holdings in a report released on Monday. KeyCorp analyst J. Gere now forecasts that the company will post earnings per share of $2.63 for the year, down from their previous estimate of $2.64. KeyCorp has a “Buy” rating and a $61.00 price objective on the stock.
Prestige Brand Holdings (NYSE:PBH) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $256.57 million during the quarter, compared to analyst estimates of $255.64 million. Prestige Brand Holdings had a return on equity of 16.06% and a net margin of 11.70%. Prestige Brand Holdings’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 EPS.
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Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Prestige Brand Holdings from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Thursday, July 13th. Jefferies Group LLC restated a “hold” rating and set a $55.00 target price (up previously from $54.00) on shares of Prestige Brand Holdings in a research report on Monday, October 2nd. BidaskClub upgraded Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, DA Davidson set a $79.00 target price on Prestige Brand Holdings and gave the company a “buy” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $64.14.
Prestige Brand Holdings (NYSE PBH) traded down 0.348% on Wednesday, reaching $47.265. The company’s stock had a trading volume of 189,025 shares. 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 $2.51 billion, a PE ratio of 23.341 and a beta of 1.19. The firm has a 50-day moving average of $49.80 and a 200-day moving average of $52.16.
Several institutional investors have recently bought and sold shares of PBH. BlackRock Inc. raised its stake in shares of Prestige Brand Holdings by 11,872.9% during the first quarter. BlackRock Inc. now owns 6,970,978 shares of the company’s stock valued at $387,306,000 after acquiring an additional 6,912,755 shares in the last quarter. FMR LLC raised its stake in Prestige Brand Holdings by 56.7% in the second quarter. FMR LLC now owns 2,565,578 shares of the company’s stock worth $135,487,000 after buying an additional 927,927 shares in the last quarter. Janus Henderson Group PLC bought a new position in Prestige Brand Holdings in the second quarter worth approximately $36,642,000. Vanguard Group Inc. raised its stake in Prestige Brand Holdings by 12.0% in the first quarter. Vanguard Group Inc. now owns 5,680,475 shares of the company’s stock worth $315,607,000 after buying an additional 607,598 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Prestige Brand Holdings by 234.2% in the second quarter. JPMorgan Chase & Co. now owns 409,596 shares of the company’s stock worth $21,631,000 after buying an additional 287,041 shares in the last quarter. 98.56% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Jean A. Boyko sold 12,876 shares of Prestige Brand Holdings stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $52.12, for a total transaction of $671,097.12. Following the completion of the sale, the senior vice president now owns 26,566 shares of the company’s stock, valued at $1,384,619.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.98% of the company’s stock.
About Prestige Brand Holdings
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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