Prestige Brands Holdings (PBH) Reaches New Lifetime High Today
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Prestige Brands Holdings as such a stock due to the following factors:
- PBH has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $13.5 million.
- PBH has traded 5,202 shares today.
- PBH is trading at a new lifetime high.
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More details on PBH:
Prestige Brands Holdings, Inc., through its subsidiaries, is engaged in the marketing, sale, and distribution of over-the-counter (OTC) healthcare and household cleaning products in North America and internationally. PBH has a PE ratio of 29.0. Currently there is 1 analyst that rates Prestige Brands Holdings a buy, no analysts rate it a sell, and 3 rate it a hold.
The average volume for Prestige Brands Holdings has been 301,400 shares per day over the past 30 days. Prestige has a market cap of $2.0 billion and is part of the services sector and wholesale industry. The stock has a beta of 1.96 and a short float of 7% with 9.97 days to cover. Shares are up 16.5% year-to-date as of the close of trading on Thursday.
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Analysis:
rates Prestige Brands Holdings as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Highlights from the ratings report include:
- The revenue growth greatly exceeded the industry average of 10.3%. Since the same quarter one year prior, revenues rose by 36.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Powered by its strong earnings growth of 566.66% and other important driving factors, this stock has surged by 37.39% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
- PRESTIGE BRANDS HOLDINGS reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, PRESTIGE BRANDS HOLDINGS increased its bottom line by earning $1.39 versus $1.28 in the prior year. This year, the market expects an improvement in earnings ($1.85 versus $1.39).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Pharmaceuticals industry. The net income increased by 580.3% when compared to the same quarter one year prior, rising from $3.13 million to $21.29 million.
- The gross profit margin for PRESTIGE BRANDS HOLDINGS is rather high; currently it is at 57.22%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 10.77% is above that of the industry average.
- You can view the full Prestige Brands Holdings Ratings Report.
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