Falcon Point Capital LLC boosted its stake in Prestige Brand Holdings, Inc. (NYSE:PBH) by 6.2% during the second quarter, Holdings Channel reports. The fund owned 372,773 shares of the company’s stock after buying an additional 21,718 shares during the period. Prestige Brand Holdings makes up approximately 2.7% of Falcon Point Capital LLC’s holdings, making the stock its 10th largest position. Falcon Point Capital LLC’s holdings in Prestige Brand Holdings were worth $19,686,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Mercantile Trust Co. raised its position in shares of Prestige Brand Holdings by 2.4% in the second quarter. First Mercantile Trust Co. now owns 2,116 shares of the company’s stock valued at $112,000 after buying an additional 50 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Prestige Brand Holdings by 1.2% in the second quarter. Capstone Asset Management Co. now owns 6,106 shares of the company’s stock valued at $322,000 after buying an additional 70 shares during the last quarter. Advantus Capital Management Inc raised its position in shares of Prestige Brand Holdings by 3.0% in the first quarter. Advantus Capital Management Inc now owns 6,777 shares of the company’s stock valued at $377,000 after buying an additional 199 shares during the last quarter. State Treasurer State of Michigan raised its position in shares of Prestige Brand Holdings by 0.9% in the first quarter. State Treasurer State of Michigan now owns 21,500 shares of the company’s stock valued at $1,195,000 after buying an additional 200 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Prestige Brand Holdings by 0.9% in the first quarter. Arizona State Retirement System now owns 22,000 shares of the company’s stock valued at $1,222,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 98.19% of the company’s stock.

Prestige Brand Holdings, Inc. (PBH) opened at 50.99 on Friday. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 25.18 and a beta of 1.18. Prestige Brand Holdings, Inc. has a 12-month low of $44.64 and a 12-month high of $59.63. The stock has a 50 day moving average price of $52.08 and a 200-day moving average price of $54.07.

Prestige Brand Holdings (NYSE:PBH) last posted its earnings results on Thursday, August 3rd. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Prestige Brand Holdings had a return on equity of 16.06% and a net margin of 11.70%. The firm had revenue of $256.57 million for the quarter, compared to the consensus estimate of $255.64 million. During the same quarter in the prior year, the business earned $0.59 EPS. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, analysts predict that Prestige Brand Holdings, Inc. will post $2.64 EPS for the current fiscal year.

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Several research analysts have issued reports on the company. Jefferies Group LLC increased their price target on Prestige Brand Holdings from $47.00 to $49.00 and gave the stock an “underperform” rating in a report on Wednesday, April 19th. UBS AG upgraded Prestige Brand Holdings from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Zacks Investment Research upgraded Prestige Brand Holdings from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Thursday, July 13th. BidaskClub upgraded Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, DA Davidson reiterated a “buy” rating and issued a $79.00 price target on shares of Prestige Brand Holdings in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.71.

In other news, SVP Jean A. Boyko sold 12,876 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $52.12, for a total value of $671,097.12. Following the sale, the senior vice president now directly owns 26,566 shares of the company’s stock, valued at approximately $1,384,619.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.98% of the stock is currently owned by corporate insiders.

Prestige Brand 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.

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

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