JPMorgan Chase & Co. decreased its position in shares of Prestige Brand Holdings, Inc. (NYSE:PBH) by 0.6% during the third quarter, Holdings Channel reports. The institutional investor owned 103,127 shares of the company’s stock after selling 663 shares during the period. JPMorgan Chase & Co. owned about 0.19% of Prestige Brand Holdings worth $4,978,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PBH. Sei Investments Co. raised its stake in shares of Prestige Brand Holdings by 96.4% in the third quarter. Sei Investments Co. now owns 6,189 shares of the company’s stock worth $299,000 after buying an additional 3,038 shares in the last quarter. KBC Group NV increased its stake in Prestige Brand Holdings by 9.6% in the third quarter. KBC Group NV now owns 80,810 shares of the company’s stock valued at $3,901,000 after buying an additional 7,061 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Prestige Brand Holdings by 17.8% in the third quarter. Neuberger Berman Group LLC now owns 1,448,129 shares of the company’s stock valued at $69,901,000 after buying an additional 218,400 shares during the last quarter. State Treasurer State of Michigan increased its stake in Prestige Brand Holdings by 0.5% in the third quarter. State Treasurer State of Michigan now owns 21,300 shares of the company’s stock valued at $1,028,000 after buying an additional 100 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Prestige Brand Holdings by 4.7% in the third quarter. Jennison Associates LLC now owns 542,306 shares of the company’s stock valued at $26,177,000 after buying an additional 24,532 shares during the last quarter. 97.67% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Prestige Brand Holdings (NYSE:PBH)

Prestige Brand Holdings, Inc. (NYSE:PBH) traded up 0.923% during trading on Friday, hitting $51.955. 45,678 shares of the stock traded hands. The company has a market cap of $2.75 billion, a P/E ratio of 40.275 and a beta of 1.60. Prestige Brand Holdings, Inc. has a 12 month low of $43.63 and a 12 month high of $58.09. The company’s 50 day moving average price is $49.82 and its 200 day moving average price is $49.75.

Prestige Brand Holdings (NYSE:PBH) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business earned $215.10 million during the quarter, compared to analysts’ expectations of $78.04 million. Prestige Brand Holdings had a return on equity of 16.27% and a net margin of 8.24%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. On average, equities research analysts anticipate that Prestige Brand Holdings, Inc. will post $2.34 EPS for the current fiscal year.

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PBH has been the subject of several recent research reports. B. Riley restated a “buy” rating and issued a $70.00 price objective on shares of Prestige Brand Holdings in a report on Thursday, September 22nd. KeyCorp restated a “buy” rating on shares of Prestige Brand Holdings in a report on Friday, September 23rd. Zacks Investment Research downgraded Prestige Brand Holdings from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. Jefferies Group decreased their price objective on Prestige Brand Holdings from $45.00 to $42.00 and set an “underperform” rating for the company in a report on Friday, November 4th. Finally, Gabelli initiated coverage on Prestige Brand Holdings in a report on Thursday, November 17th. They issued a “buy” rating and a $65.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $61.00.

About Prestige Brand Holdings

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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