Prestige Brands Holdings Inc. (NYSE:PBH)’s share price dropped 1.5% during mid-day trading on Thursday . The stock traded as low as $47.32 and last traded at $47.45, with a volume of 186,926 shares. The stock had previously closed at $48.19.

PBH has been the topic of several analyst reports. B. Riley reaffirmed a “buy” rating and issued a $70.00 price target on shares of Prestige Brands Holdings in a report on Friday, May 13th. Jefferies Group reissued a “sell” rating on shares of Prestige Brands Holdings in a report on Monday, August 1st. Zacks Investment Research raised shares of Prestige Brands Holdings from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Piper Jaffray Cos. reissued an “overweight” rating and set a $60.00 price objective (up from $58.00) on shares of Prestige Brands Holdings in a report on Saturday, May 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $59.80.

The firm has a market capitalization of $2.50 billion and a P/E ratio of 36.65. The stock’s 50-day moving average price is $53.77 and its 200-day moving average price is $52.99.

Prestige Brands Holdings (NYSE:PBH) last released its earnings results on Thursday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.04. The business had revenue of $209.60 million for the quarter, compared to analyst estimates of $208.18 million. Prestige Brands Holdings’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. Analysts anticipate that Prestige Brands Holdings Inc. will post $2.35 EPS for the current fiscal year.

In other Prestige Brands Holdings news, Director John E. Byom sold 1,249 shares of the stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $53.35, for a total transaction of $66,634.15. Following the sale, the director now directly owns 26,546 shares in the company, valued at approximately $1,416,229.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP John Parkinson sold 25,143 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $53.57, for a total transaction of $1,346,910.51. Following the sale, the vice president now owns 76,255 shares in the company, valued at $4,084,980.35. The disclosure for this sale can be found here.

Other large investors have recently made changes to their positions in the company. Employees Retirement System of Texas purchased a new stake in shares of Prestige Brands Holdings during the fourth quarter worth $1,647,000. Advisors Asset Management Inc. raised its stake in shares of Prestige Brands Holdings by 63.7% in the fourth quarter. Advisors Asset Management Inc. now owns 37,394 shares of the company’s stock worth $1,925,000 after buying an additional 14,546 shares during the last quarter. State of Tennessee Treasury Department purchased a new stake in shares of Prestige Brands Holdings during the fourth quarter worth $2,116,000. Matarin Capital Management LLC purchased a new stake in shares of Prestige Brands Holdings during the fourth quarter worth $2,848,000. Finally, New York State Common Retirement Fund raised its stake in shares of Prestige Brands Holdings by 1.0% in the fourth quarter. New York State Common Retirement Fund now owns 91,250 shares of the company’s stock worth $4,698,000 after buying an additional 865 shares during the last quarter.

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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