Public Employees Retirement Association of Colorado raised its stake in Prestige Consumer Healthcare Inc (NYSE:PBH) by 73.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,623 shares of the company’s stock after buying an additional 2,387 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Prestige Consumer Healthcare were worth $213,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of PBH. Bank of Montreal Can lifted its holdings in shares of Prestige Consumer Healthcare by 135.9% during the second quarter. Bank of Montreal Can now owns 3,067 shares of the company’s stock worth $118,000 after purchasing an additional 1,767 shares during the period. Zions Bancorporation acquired a new position in shares of Prestige Consumer Healthcare during the second quarter worth $137,000. BlueMountain Capital Management LLC acquired a new position in shares of Prestige Consumer Healthcare during the second quarter worth $208,000. Bbva Compass Bancshares Inc. acquired a new position in shares of Prestige Consumer Healthcare during the second quarter worth $240,000. Finally, Polen Capital Management LLC acquired a new position in shares of Prestige Consumer Healthcare during the second quarter worth $253,000.
A number of equities analysts have recently commented on PBH shares. Zacks Investment Research lowered shares of Prestige Consumer Healthcare from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 10th. Jefferies Financial Group set a $38.00 price target on shares of Prestige Consumer Healthcare and gave the stock a “hold” rating in a report on Thursday, August 2nd. Finally, ValuEngine upgraded shares of Prestige Consumer Healthcare from a “strong sell” rating to a “sell” rating in a report on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $71.40.
PBH stock opened at $37.65 on Friday. The firm has a market capitalization of $1.86 billion, a P/E ratio of 14.59, a PEG ratio of 1.80 and a beta of 1.09. The company has a current ratio of 2.21, a quick ratio of 1.37 and a debt-to-equity ratio of 1.72. Prestige Consumer Healthcare Inc has a 12-month low of $27.84 and a 12-month high of $48.24.
Prestige Consumer Healthcare (NYSE:PBH) last released its earnings results on Thursday, November 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The business had revenue of $239.36 million for the quarter, compared to analyst estimates of $236.28 million. Prestige Consumer Healthcare had a net margin of 32.76% and a return on equity of 12.45%. Prestige Consumer Healthcare’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share. Equities analysts anticipate that Prestige Consumer Healthcare Inc will post 2.86 earnings per share for the current fiscal year.
Prestige Consumer Healthcare Profile
Prestige Consumer Healthcare Inc, together with its subsidiaries, develops, manufactures, markets, distributes, and sells over-the-counter (OTC) healthcare and household cleaning products in North America, Australia, and internationally. It operates in three segments: North American OTC Healthcare, International OTC Healthcare, and Household Cleaning.
Read More: Diversification For Individual Investors
Want to see what other hedge funds are holding PBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prestige Consumer Healthcare Inc (NYSE:PBH).
Receive News & Ratings for Prestige Consumer Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Consumer Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.