Public Employees Retirement System of Ohio lessened its holdings in Prestige Brands Holdings, Inc. (NYSE:PBH) by 23.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,465 shares of the company’s stock after selling 4,924 shares during the period. Public Employees Retirement System of Ohio’s holdings in Prestige Brands were worth $825,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in PBH. Sterling Capital Management LLC boosted its position in shares of Prestige Brands by 38.8% in the 3rd quarter. Sterling Capital Management LLC now owns 29,559 shares of the company’s stock valued at $1,481,000 after purchasing an additional 8,259 shares during the period. CS Mckee LP lifted its position in Prestige Brands by 4.6% during the 3rd quarter. CS Mckee LP now owns 36,750 shares of the company’s stock worth $1,841,000 after acquiring an additional 1,600 shares during the period. California Public Employees Retirement System raised its stake in shares of Prestige Brands by 6.2% during the 3rd quarter. California Public Employees Retirement System now owns 122,902 shares of the company’s stock worth $6,156,000 after buying an additional 7,202 shares in the last quarter. Zions Bancorporation purchased a new position in shares of Prestige Brands during the 3rd quarter worth approximately $165,000. Finally, Magnetar Financial LLC raised its stake in shares of Prestige Brands by 143.2% during the 3rd quarter. Magnetar Financial LLC now owns 23,434 shares of the company’s stock worth $1,174,000 after buying an additional 13,798 shares in the last quarter.
A number of equities analysts have recently issued reports on PBH shares. DA Davidson reissued a “buy” rating and set a $79.00 target price on shares of Prestige Brands in a research note on Monday, December 18th. TD Securities reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Prestige Brands in a research note on Thursday, November 23rd. BMO Capital Markets reissued a “buy” rating and set a $118.00 price target on shares of Prestige Brands in a research report on Thursday, November 23rd. KeyCorp set a $61.00 price target on Prestige Brands and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, Zacks Investment Research upgraded Prestige Brands from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $77.75.
Shares of Prestige Brands Holdings, Inc. (NYSE PBH) traded down $0.44 during midday trading on Friday, hitting $44.87. The stock had a trading volume of 460,453 shares, compared to its average volume of 508,521. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.32 and a current ratio of 2.06. The firm has a market capitalization of $2,380.00, a P/E ratio of 22.44, a PEG ratio of 1.84 and a beta of 1.19. Prestige Brands Holdings, Inc. has a fifty-two week low of $40.11 and a fifty-two week high of $59.63.
Prestige Brands (NYSE:PBH) last released its earnings results on Thursday, November 2nd. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). The firm had revenue of $258.00 million during the quarter, compared to analyst estimates of $267.12 million. Prestige Brands had a return on equity of 15.32% and a net margin of 11.03%. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the company earned $0.63 earnings per share. equities research analysts forecast that Prestige Brands Holdings, Inc. will post 2.62 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This story was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/01/28/prestige-brands-holdings-inc-pbh-shares-sold-by-public-employees-retirement-system-of-ohio.html.
Prestige Brands Company 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.
Receive News & Ratings for Prestige Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Brands and related companies with MarketBeat.com's FREE daily email newsletter.