FDx Advisors Inc. acquired a new position in Prestige Brand Holdings, Inc. (NYSE:PBH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,483 shares of the company’s stock, valued at approximately $325,000.
Several other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Prestige Brand by 10.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the company’s stock valued at $110,000 after purchasing an additional 205 shares in the last quarter. First Mercantile Trust Co. grew its position in shares of Prestige Brand by 2.4% in the 2nd quarter. First Mercantile Trust Co. now owns 2,116 shares of the company’s stock valued at $112,000 after buying an additional 50 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Prestige Brand by 90.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock valued at $117,000 after buying an additional 1,055 shares during the last quarter. Advisor Group Inc. grew its position in Prestige Brand by 33.2% during the 2nd quarter. Advisor Group Inc. now owns 2,285 shares of the company’s stock worth $120,000 after purchasing an additional 570 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its position in Prestige Brand by 78.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,394 shares of the company’s stock worth $179,000 after purchasing an additional 1,494 shares during the last quarter. Hedge funds and other institutional investors own 98.56% of the company’s stock.
Several brokerages have recently weighed in on PBH. William Blair raised shares of Prestige Brand from a “market perform” rating to an “outperform” rating in a report on Monday. KeyCorp set a $61.00 target price on shares of Prestige Brand and gave the stock a “buy” rating in a research report on Monday, October 16th. Jefferies Group restated a “hold” rating and set a $55.00 target price (up previously from $54.00) on shares of Prestige Brand in a research report on Monday, October 2nd. TD Securities reiterated a “buy” rating and set a $125.00 price target on shares of Prestige Brand in a report on Thursday, November 23rd. Finally, BMO Capital Markets upgraded shares of Prestige Brand from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $77.75.
Prestige Brand Holdings, Inc. (NYSE:PBH) traded down $0.38 during midday trading on Thursday, hitting $46.48. 438,908 shares of the stock were exchanged, compared to its average volume of 426,623. The firm has a market capitalization of $2,482.22, a PE ratio of 19.34, a P/E/G ratio of 1.90 and a beta of 1.20. The company has a current ratio of 2.06, a quick ratio of 1.32 and a debt-to-equity ratio of 2.34. Prestige Brand Holdings, Inc. has a twelve month low of $40.11 and a twelve month high of $59.63.
Prestige Brand (NYSE:PBH) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.05). The company had revenue of $258.00 million during the quarter, compared to analyst estimates of $267.12 million. Prestige Brand had a net margin of 11.03% and a return on equity of 15.32%. The company’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 earnings per share. equities analysts forecast that Prestige Brand Holdings, Inc. will post 2.62 earnings per share for the current fiscal year.
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Prestige Brand 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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