Public Employees Retirement System of Ohio Has $825,000 Position in Prestige Brands Holdings, Inc. (PBH)

Public Employees Retirement System of Ohio reduced its stake in shares of Prestige Brands Holdings, Inc. (NYSE:PBH) by 23.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,465 shares of the company’s stock after selling 4,924 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Prestige Brands were worth $825,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Prestige Brands by 10.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the company’s stock worth $110,000 after acquiring an additional 205 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Prestige Brands by 90.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock worth $117,000 after acquiring an additional 1,055 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Prestige Brands by 33.2% in the second quarter. Advisor Group Inc. now owns 2,285 shares of the company’s stock worth $120,000 after acquiring an additional 570 shares during the last quarter. Zions Bancorporation acquired a new stake in shares of Prestige Brands in the third quarter worth approximately $165,000. Finally, Riverhead Capital Management LLC boosted its stake in shares of Prestige Brands by 78.6% in the second quarter. Riverhead Capital Management LLC now owns 3,394 shares of the company’s stock worth $179,000 after acquiring an additional 1,494 shares during the last quarter.

Shares of Prestige Brands Holdings, Inc. (NYSE:PBH) opened at $45.58 on Friday. Prestige Brands Holdings, Inc. 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. The company has a market capitalization of $2,392.58, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 1.83 and a beta of 1.19.

Prestige Brands (NYSE:PBH) last posted its earnings results on Thursday, November 2nd. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.05). The business had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $267.12 million. Prestige Brands had a net margin of 11.03% and a return on equity of 15.32%. Prestige Brands’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.63 EPS. equities research analysts expect that Prestige Brands Holdings, Inc. will post 2.62 EPS for the current fiscal year.

A number of brokerages have recently issued reports on PBH. Jefferies Group reaffirmed a “hold” rating and issued a $55.00 price target (up from $54.00) on shares of Prestige Brands in a research note on Monday, October 2nd. Zacks Investment Research raised Prestige Brands from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. BMO Capital Markets reissued a “buy” rating and set a $118.00 price objective on shares of Prestige Brands in a research note on Thursday, November 23rd. TD Securities reissued a “buy” rating and set a $125.00 price objective on shares of Prestige Brands in a research note on Thursday, November 23rd. Finally, DA Davidson set a $79.00 price objective on Prestige Brands and gave the stock a “buy” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $77.75.

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Prestige Brands 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.

Institutional Ownership by Quarter for Prestige Brands (NYSE:PBH)

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