A number of other research firms also recently issued reports on PBH. BMO Capital Markets reissued a buy rating and issued a $118.00 price objective on shares of Prestige Brand in a report on Thursday, November 23rd. KeyCorp reaffirmed a buy rating and set a $61.00 price target on shares of Prestige Brand in a report on Wednesday, September 6th. DA Davidson set a $79.00 price target on shares of Prestige Brand and gave the stock a buy rating in a report on Thursday, October 12th. Zacks Investment Research raised shares of Prestige Brand from a hold rating to a buy rating and set a $57.00 price target for the company in a report on Wednesday, October 4th. Finally, Jefferies Group reissued a hold rating and issued a $55.00 price objective (up previously from $54.00) on shares of Prestige Brand in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. Prestige Brand presently has a consensus rating of Buy and a consensus price target of $77.75.
Prestige Brand (PBH) traded down $0.87 on Thursday, reaching $46.80. 548,700 shares of the company traded hands, compared to its average volume of 426,523. The company has a market cap of $2,528.36, a PE ratio of 19.70, a P/E/G ratio of 1.93 and a beta of 1.20. Prestige Brand has a 1-year low of $40.11 and a 1-year high of $59.63. The company has a quick ratio of 1.32, a current ratio of 2.06 and a debt-to-equity ratio of 2.34.
Several institutional investors have recently added to or reduced their stakes in PBH. Sterling Capital Management LLC lifted its stake in shares of Prestige Brand by 38.8% in the third quarter. Sterling Capital Management LLC now owns 29,559 shares of the company’s stock valued at $1,481,000 after buying an additional 8,259 shares in the last quarter. CS Mckee LP lifted its stake in shares of Prestige Brand by 4.6% in the third quarter. CS Mckee LP now owns 36,750 shares of the company’s stock valued at $1,841,000 after buying an additional 1,600 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Prestige Brand by 6.2% in the third quarter. California Public Employees Retirement System now owns 122,902 shares of the company’s stock valued at $6,156,000 after buying an additional 7,202 shares in the last quarter. Zions Bancorporation bought a new position in shares of Prestige Brand in the third quarter valued at $165,000. Finally, Magnetar Financial LLC lifted its stake in shares of Prestige Brand by 143.2% in the third quarter. Magnetar Financial LLC now owns 23,434 shares of the company’s stock valued at $1,174,000 after buying an additional 13,798 shares in the last quarter. 98.56% of the stock is currently owned by hedge funds and other institutional investors.
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About Prestige Brand
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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