Zacks Investment Research upgraded shares of Prestige Brands (NYSE:PBH) from a sell rating to a hold rating in a report issued on Thursday, January 4th.

According to Zacks, “Prestige Brands Holdings, Inc. markets and distributes brand name over-the-counter and household cleaning products, in certain international markets. The Company’s brands include Monistat and Summer’s Eve women’s health products, BC and Goody’s pain relievers, Clear Eyes eye care products, DenTek specialty oral care products, Dramamine motion sickness treatments, Chloraseptic sore throat treatments, Compound W wart treatments, Little Remedies pediatric over-the-counter products, The Doctor’s NightGuard dental protector, Efferdent denture care products, Luden’s throat drops, Beano gas prevention, Debrox earwax remover, Gaviscon antacid in Canada, and Hydralyte rehydration products and the Fess line of nasal and sinus care products. Prestige Brands is a different kind of company. They focus on product innovation and quality in the over-the-counter healthcare and household cleaning categories to better improve the lives of customers and their world. “

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Several other equities research analysts also recently commented on PBH. DA Davidson reaffirmed a buy rating and set a $79.00 target price on shares of Prestige Brands in a report on Monday, December 18th. William Blair raised Prestige Brands from a market perform rating to an outperform rating in a research note on Monday, December 4th. TD Securities reaffirmed a buy rating and issued a $125.00 target price on shares of Prestige Brands in a research report on Thursday, November 23rd. BMO Capital Markets reissued a buy rating and set a $118.00 price objective on shares of Prestige Brands in a report on Thursday, November 23rd. Finally, Jefferies Group decreased their target price on Prestige Brands from $55.00 to $50.00 and set a hold rating for the company in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $77.75.

Prestige Brands (NYSE PBH) opened at $44.62 on Thursday. Prestige Brands has a 52-week low of $40.11 and a 52-week high of $59.63. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.06 and a quick ratio of 1.32. The stock has a market capitalization of $2,379.85, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.82 and a beta of 1.19.

Prestige Brands (NYSE:PBH) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.05). Prestige Brands had a return on equity of 15.32% and a net margin of 11.03%. The company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $267.12 million. During the same quarter in the previous year, the company earned $0.63 earnings per share. Prestige Brands’s quarterly revenue was up 19.9% compared to the same quarter last year. equities research analysts anticipate that Prestige Brands will post 2.62 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC increased its holdings in Prestige Brands by 3.4% during the 4th quarter. Jennison Associates LLC now owns 514,306 shares of the company’s stock valued at $22,840,000 after purchasing an additional 16,685 shares in the last quarter. Washington Capital Management Inc. increased its stake in shares of Prestige Brands by 38.1% in the 4th quarter. Washington Capital Management Inc. now owns 11,050 shares of the company’s stock valued at $491,000 after buying an additional 3,050 shares during the period. Strs Ohio increased its stake in shares of Prestige Brands by 15.4% in the 4th quarter. Strs Ohio now owns 102,600 shares of the company’s stock valued at $4,556,000 after buying an additional 13,700 shares during the period. Acadian Asset Management LLC increased its stake in shares of Prestige Brands by 97.6% in the 4th quarter. Acadian Asset Management LLC now owns 534,722 shares of the company’s stock valued at $23,746,000 after buying an additional 264,057 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Prestige Brands by 8.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 520,965 shares of the company’s stock valued at $23,137,000 after buying an additional 39,436 shares during the period.

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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.

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