Jefferies Group LLC Lowers Prestige Brand Holdings, Inc. (PBH) Price Target to $50.00

Prestige Brand Holdings, Inc. (NYSE:PBH) had its price target lowered by investment analysts at Jefferies Group LLC from $55.00 to $50.00 in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the stock. Jefferies Group LLC’s price target would suggest a potential upside of 16.31% from the company’s previous close. Jefferies Group also issued estimates for Prestige Brand Holdings’ Q4 2018 earnings at $0.65 EPS, Q2 2019 earnings at $0.67 EPS and Q3 2019 earnings at $0.72 EPS.

Other analysts also recently issued reports about the stock. KeyCorp set a $61.00 price objective on shares of Prestige Brand Holdings and gave the stock a “buy” rating in a report on Monday, October 16th. DA Davidson set a $79.00 price objective on shares of Prestige Brand Holdings and gave the stock a “buy” rating in a report on Thursday, October 12th. Zacks Investment Research raised shares of Prestige Brand Holdings from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Wednesday, October 4th. Finally, BidaskClub raised shares of Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $63.43.

Shares of Prestige Brand Holdings (NYSE:PBH) opened at $42.99 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.36 and a current ratio of 2.06. The stock has a market capitalization of $2,280.15, a P/E ratio of 17.76, a P/E/G ratio of 1.61 and a beta of 1.19.

Prestige Brand Holdings (NYSE:PBH) last posted its earnings results on Thursday, November 2nd. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.05). The business had revenue of $258.00 million during the quarter, compared to the consensus estimate of $267.12 million. Prestige Brand Holdings had a return on equity of 15.32% and a net margin of 11.03%. The business’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 earnings per share. equities analysts anticipate that Prestige Brand Holdings will post 2.64 EPS for the current fiscal year.

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In related news, SVP Jean A. Boyko sold 12,876 shares of the company’s stock in a transaction 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 transaction, 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 SEC, which is available through the SEC website. 0.98% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in PBH. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Prestige Brand Holdings by 10.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the company’s stock valued at $110,000 after purchasing an additional 205 shares during the last quarter. First Mercantile Trust Co. raised its stake in Prestige Brand Holdings by 2.4% during the 2nd quarter. First Mercantile Trust Co. now owns 2,116 shares of the company’s stock valued at $112,000 after purchasing an additional 50 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Prestige Brand Holdings by 90.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock valued at $117,000 after purchasing an additional 1,055 shares during the last quarter. Advisor Group Inc. raised its stake in Prestige Brand Holdings by 33.2% during the 2nd quarter. Advisor Group Inc. now owns 2,285 shares of the company’s stock valued at $120,000 after purchasing an additional 570 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its stake in Prestige Brand Holdings by 78.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,394 shares of the company’s stock valued at $179,000 after purchasing an additional 1,494 shares during the last quarter. Hedge funds and other institutional investors 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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