First Trust Advisors LP boosted its stake in shares of Prestige Brands Holdings Inc. (NYSE:PBH) by 13.1% during the second quarter, Holdings Channel reports. The fund owned 47,591 shares of the company’s stock after buying an additional 5,527 shares during the period. First Trust Advisors LP owned 0.09% of Prestige Brands Holdings worth $2,637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. GSA Capital Partners LLP raised its position in Prestige Brands Holdings by 231.4% in the second quarter. GSA Capital Partners LLP now owns 22,580 shares of the company’s stock worth $1,251,000 after buying an additional 15,766 shares in the last quarter. Dana Investment Advisors Inc. raised its position in Prestige Brands Holdings by 17.0% in the second quarter. Dana Investment Advisors Inc. now owns 38,332 shares of the company’s stock worth $2,124,000 after buying an additional 5,577 shares in the last quarter. Stanley Laman Group Ltd. bought a new position in Prestige Brands Holdings during the second quarter worth approximately $1,012,000. Jennison Associates LLC raised its position in Prestige Brands Holdings by 34.5% in the second quarter. Jennison Associates LLC now owns 517,774 shares of the company’s stock worth $28,685,000 after buying an additional 132,686 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in Prestige Brands Holdings during the second quarter worth approximately $31,803,000. Institutional investors and hedge funds own 98.10% of the company’s stock.

Prestige Brands Holdings Inc. (NYSE:PBH) traded down 0.76% during trading on Tuesday, reaching $46.91. 368,748 shares of the company were exchanged. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 36.34 and a beta of 1.64. The firm has a 50-day moving average of $48.76 and a 200-day moving average of $53.02. Prestige Brands Holdings Inc. has a 52-week low of $43.40 and a 52-week high of $58.09.

Prestige Brands Holdings (NYSE:PBH) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. The firm had revenue of $209.60 million for the quarter, compared to analyst estimates of $208.18 million. Prestige Brands Holdings had a net margin of 8.28% and a return on equity of 16.50%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. On average, equities analysts forecast that Prestige Brands Holdings Inc. will post $2.35 EPS for the current year.

A number of research analysts recently commented on the stock. Sidoti upgraded shares of Prestige Brands Holdings from a “neutral” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Friday, August 12th. They noted that the move was a valuation call. Jefferies Group reiterated a “sell” rating on shares of Prestige Brands Holdings in a research note on Wednesday, August 10th. B. Riley reiterated a “buy” rating and set a $70.00 price objective on shares of Prestige Brands Holdings in a research note on Wednesday, August 10th. Zacks Investment Research upgraded shares of Prestige Brands Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, Piper Jaffray Cos. restated an “outperform” rating on shares of Prestige Brands Holdings in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Prestige Brands Holdings currently has a consensus rating of “Buy” and a consensus target price of $59.67.

Prestige Brands Holdings 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.

5 Day Chart for NYSE:PBH

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