Prestige Brands (PBH) Sets New 12-Month Low at $33.06

Prestige Brands Holdings, Inc. (NYSE:PBH)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $33.06 and last traded at $33.11, with a volume of 373034 shares changing hands. The stock had previously closed at $33.85.

Several equities analysts have recently commented on the company. KeyCorp lowered their price objective on Prestige Brands from $54.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, February 5th. DA Davidson downgraded Prestige Brands from a “buy” rating to a “neutral” rating and set a $79.00 price objective on the stock. in a research report on Friday, February 2nd. William Blair upgraded Prestige Brands from a “market perform” rating to an “outperform” rating in a research report on Monday, December 4th. BMO Capital Markets upgraded Prestige Brands from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 15th. Finally, TheStreet downgraded Prestige Brands from a “b-” rating to a “c+” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Prestige Brands presently has a consensus rating of “Buy” and a consensus target price of $75.50.

The company has a quick ratio of 1.43, a current ratio of 2.19 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $1,795.36, a PE ratio of 4.52, a P/E/G ratio of 1.38 and a beta of 1.06.

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

In related news, SVP William P’pool acquired 1,500 shares of Prestige Brands stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $33.90 per share, with a total value of $50,850.00. Following the completion of the purchase, the senior vice president now directly owns 6,600 shares of the company’s stock, valued at approximately $223,740. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Natale S. Ricciardi acquired 3,000 shares of Prestige Brands stock in a transaction on Wednesday, February 7th. The shares were bought at an average cost of $37.04 per share, for a total transaction of $111,120.00. Following the completion of the purchase, the director now directly owns 7,806 shares of the company’s stock, valued at $289,134.24. The disclosure for this purchase can be found here. Insiders purchased 19,000 shares of company stock worth $679,575 over the last quarter. 0.98% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of PBH. Wells Fargo & Company MN increased its stake in Prestige Brands by 343.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,254,912 shares of the company’s stock worth $55,731,000 after acquiring an additional 972,038 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Prestige Brands by 200.5% during the third quarter. JPMorgan Chase & Co. now owns 1,230,714 shares of the company’s stock worth $60,685,000 after acquiring an additional 821,118 shares during the last quarter. Champlain Investment Partners LLC increased its stake in Prestige Brands by 77.9% during the fourth quarter. Champlain Investment Partners LLC now owns 1,126,615 shares of the company’s stock worth $50,033,000 after acquiring an additional 493,365 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its stake in Prestige Brands by 32.9% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,559,828 shares of the company’s stock worth $69,272,000 after acquiring an additional 385,950 shares during the last quarter. Finally, Carillon Tower Advisers Inc. bought a new stake in Prestige Brands during the fourth quarter worth approximately $404,163,000.

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About Prestige Brands

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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