Arizona State Retirement System grew its stake in shares of Prestige Brands Holdings, Inc. (NYSE:PBH) by 27.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 38,177 shares of the company’s stock after purchasing an additional 8,164 shares during the quarter. Arizona State Retirement System’s holdings in Prestige Brands were worth $1,695,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. ING Groep NV raised its position in shares of Prestige Brands by 23.3% during the fourth quarter. ING Groep NV now owns 8,003 shares of the company’s stock valued at $355,000 after buying an additional 1,512 shares during the last quarter. CS Mckee LP grew its holdings in shares of Prestige Brands by 4.6% in the third quarter. CS Mckee LP now owns 36,750 shares of the company’s stock valued at $1,841,000 after purchasing an additional 1,600 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Prestige Brands by 7.5% in the fourth quarter. Aperio Group LLC now owns 30,110 shares of the company’s stock valued at $1,337,000 after purchasing an additional 2,094 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Prestige Brands by 6.5% in the third quarter. Nordea Investment Management AB now owns 39,649 shares of the company’s stock valued at $1,986,000 after purchasing an additional 2,409 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Prestige Brands by 3.3% in the fourth quarter. Swiss National Bank now owns 91,500 shares of the company’s stock valued at $4,064,000 after purchasing an additional 2,900 shares in the last quarter.
A number of research analysts recently weighed in on PBH shares. TheStreet lowered shares of Prestige Brands from a “b-” rating to a “c+” rating in a report on Friday, February 9th. BMO Capital Markets raised shares of Prestige Brands from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 15th. DA Davidson lowered shares of Prestige Brands from a “buy” rating to a “neutral” rating and set a $79.00 target price for the company. in a report on Friday, February 2nd. KeyCorp cut their target price on shares of Prestige Brands from $54.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, February 5th. Finally, TD Securities reissued a “buy” rating and issued a $125.00 target price on shares of Prestige Brands in a report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $75.29.
Prestige Brands Holdings, Inc. (NYSE PBH) opened at $36.00 on Wednesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.43 and a current ratio of 2.19. The company has a market cap of $1,910.00, a price-to-earnings ratio of 4.90, a price-to-earnings-growth ratio of 1.49 and a beta of 1.21. Prestige Brands Holdings, Inc. has a one year low of $32.46 and a one year high of $59.63.
Prestige Brands (NYSE:PBH) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.70 EPS for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $270.62 million during the quarter, compared to analyst estimates of $270.25 million. Prestige Brands had a net margin of 38.05% and a return on equity of 14.14%. Prestige Brands’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. equities analysts anticipate that Prestige Brands Holdings, Inc. will post 2.58 EPS for the current fiscal year.
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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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