Bull’s Eye Report: Prestige Brands Holdings (PBH)

Our price target for PBH is $36

   

At StateoftheMarkets.com, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.

In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.

Company Symbol Industry Stock Rating YTD% Gain S.T. Stop Loss
Prestige Brands Holdings PBH Personal Products 7.8 +60.30% $31.05

Why We Like The Stock:

Prestige Brands Holdings (PBH) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) with a positive technical set-up. The stock has been firmly entrenched in a long-term up-trend dating back to November of 2011, and has had a stellar year thus far. PBH features a much more attractive chart than competitors Procter & Gamble (PG), Johnson & Johnson (JNJ), Merck  (MRK), and GlaxoSmithKline (GSK), and we think now is the perfect time to buy. PBH recently hit intraday highs of $36 in mid-July, but pulled back through the first couple weeks of August. The stock based last week around the $31 level, and is back on the upswing this week. PBH crossed above its 50-day moving average this morning, and is currently breaking above the 18-day moving average. We like PBH for a run back to $36 with a stop set at the August 16 intraday low ($31.05).

We Would Be Buyers:

At the current price (~$32.60).

Company Profile:

Prestige Brands Holdings, Inc. (Prestige) is a holding company. The company, along with its subsidiaries, is engaged in the marketing, sales and distribution of over-the-counter (OTC) healthcare and household cleaning brands to mass merchandisers, drug stores, supermarkets, club and dollar stores primarily in the United States and Canada. The Company conducts its operations through two principal business segments: cver-the-counter healthcare and household cleaning. In July 2013, Prestige Brands Holdings Inc announced its acquisition of Care Pharmaceuticals Pty Ltd.

Stock Rating: 7.8

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

Prestige Brands Holdings – Last Three Months

8 23 13 pbh Bulls Eye Report: Prestige Brands Holdings (PBH)

Prestige Brands Holdings – Last 12 Months

8 23 13 pbh2 Bulls Eye Report: Prestige Brands Holdings (PBH)

Prestige Brands Holdings – Last Five Years

8 23 13 pbh3 Bulls Eye Report: Prestige Brands Holdings (PBH)

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At the time of publication the editor and affiliated companies own the following positions: None

Note: Positions may be bought or sold while this publication is in circulation without notice.


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