Prestige Brands (PBH) Receiving Favorable Media Coverage, Study Finds

Media stories about Prestige Brands (NYSE:PBH) have been trending positive on Thursday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Prestige Brands earned a media sentiment score of 0.46 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.3719460275746 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Prestige Brands (NYSE PBH) traded down $0.58 during mid-day trading on Thursday, hitting $36.31. 220,860 shares of the stock traded hands, compared to its average volume of 846,646. Prestige Brands has a 1 year low of $35.03 and a 1 year high of $59.63. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.19 and a quick ratio of 1.43. The stock has a market capitalization of $1,977.29, a P/E ratio of 4.97, a PEG ratio of 1.52 and a beta of 1.06.

Prestige Brands (NYSE:PBH) last released its earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, hitting the consensus estimate of $0.70. The firm had revenue of $270.62 million for the quarter, compared to the consensus estimate of $270.25 million. Prestige Brands had a net margin of 38.05% and a return on equity of 14.14%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. equities analysts expect that Prestige Brands will post 2.58 EPS for the current fiscal year.

Several research firms have recently commented on PBH. Zacks Investment Research raised shares of Prestige Brands from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. William Blair raised shares of Prestige Brands from a “market perform” rating to an “outperform” rating in a report on Monday, December 4th. TD Securities reissued a “buy” rating and issued a $125.00 target price on shares of Prestige Brands in a report on Thursday, November 23rd. KeyCorp reissued an “overweight” rating and issued a $43.00 target price (down previously from $54.00) on shares of Prestige Brands in a report on Monday. Finally, Jefferies Group lowered their target price on shares of Prestige Brands from $55.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Prestige Brands currently has an average rating of “Buy” and a consensus target price of $75.50.

In other Prestige Brands news, Director Gary E. Costley purchased 7,500 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were bought at an average price of $35.47 per share, with a total value of $266,025.00. Following the completion of the purchase, the director now directly owns 11,097 shares in the company, valued at $393,610.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ronald M. Lombardi purchased 7,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $35.94 per share, for a total transaction of $251,580.00. Following the purchase, the chief executive officer now owns 138,969 shares of the company’s stock, valued at $4,994,545.86. The disclosure for this purchase can be found here. 0.98% of the stock is owned by corporate insiders.

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Prestige Brands 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.

Insider Buying and Selling by Quarter for Prestige Brands (NYSE:PBH)

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