Gary E. Costley Acquires 7,500 Shares of Prestige Brands Holdings, Inc. (PBH) Stock

Prestige Brands Holdings, Inc. (NYSE:PBH) Director Gary E. Costley acquired 7,500 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was bought at an average cost of $35.47 per share, for a total transaction of $266,025.00. Following the purchase, the director now directly owns 11,097 shares of the company’s stock, valued at $393,610.59. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Prestige Brands Holdings, Inc. (NYSE PBH) opened at $33.85 on Tuesday. The stock has a market capitalization of $1,790.59, a P/E ratio of 4.64, a P/E/G ratio of 1.38 and a beta of 1.06. Prestige Brands Holdings, Inc. has a 12 month low of $33.06 and a 12 month high of $59.63. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.43 and a current ratio of 2.19.

Prestige Brands (NYSE:PBH) last issued its earnings results on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. Prestige Brands had a return on equity of 14.14% and a net margin of 38.05%. The company had revenue of $270.62 million for the quarter, compared to the consensus estimate of $270.25 million. During the same quarter last year, the company earned $0.61 EPS. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. equities analysts forecast that Prestige Brands Holdings, Inc. will post 2.58 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in PBH. Ameriprise Financial Inc. increased its stake in Prestige Brands by 58.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 237,478 shares of the company’s stock worth $12,541,000 after acquiring an additional 87,481 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Prestige Brands by 90.4% in the 2nd 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. Thrivent Financial For Lutherans increased its stake in Prestige Brands by 7.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 10,670 shares of the company’s stock worth $563,000 after acquiring an additional 710 shares during the last quarter. New York State Common Retirement Fund increased its stake in Prestige Brands by 4.5% in the 2nd quarter. New York State Common Retirement Fund now owns 154,214 shares of the company’s stock worth $8,144,000 after acquiring an additional 6,624 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Prestige Brands by 2.6% in the 2nd quarter. Northern Trust Corp now owns 891,568 shares of the company’s stock worth $47,085,000 after acquiring an additional 22,522 shares during the last quarter.

PBH has been the topic of several recent research reports. 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 reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Prestige Brands in a research note on Thursday, November 23rd. DA Davidson reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Prestige Brands in a research note on Monday, December 18th. KeyCorp set a $61.00 price objective on Prestige Brands and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, TheStreet downgraded Prestige Brands from a “b-” rating to a “c+” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $75.50.

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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.

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