Schwab Charles Investment Management Inc. cut its stake in shares of Prestige Brand Holdings, Inc. (NYSE:PBH) by 9.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 531,683 shares of the company’s stock after selling 54,442 shares during the period. Schwab Charles Investment Management Inc. owned about 1.00% of Prestige Brand Holdings worth $28,079,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PBH. Oregon Public Employees Retirement Fund lifted its stake in Prestige Brand Holdings by 1.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,611 shares of the company’s stock valued at $1,034,000 after acquiring an additional 300 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Prestige Brand Holdings by 5.0% in the first quarter. Great West Life Assurance Co. Can now owns 31,241 shares of the company’s stock valued at $1,734,000 after acquiring an additional 1,483 shares during the last quarter. State Treasurer State of Michigan lifted its stake in 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 acquiring an additional 200 shares during the last quarter. First Trust Advisors LP lifted its stake in Prestige Brand Holdings by 394.7% in the first quarter. First Trust Advisors LP now owns 19,317 shares of the company’s stock valued at $1,073,000 after acquiring an additional 15,412 shares during the last quarter. Finally, Comerica Bank lifted its stake in Prestige Brand Holdings by 37.0% in the first quarter. Comerica Bank now owns 57,728 shares of the company’s stock valued at $3,342,000 after acquiring an additional 15,589 shares during the last quarter. 98.56% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on PBH shares. Jefferies Group LLC reiterated a “hold” rating and issued a $54.00 target price on shares of Prestige Brand Holdings in a research note on Wednesday, August 16th. Zacks Investment Research upgraded shares of Prestige Brand Holdings from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday, July 13th. UBS AG upgraded shares of Prestige Brand Holdings from a “market perform” rating to an “outperform” rating in a research note on Monday, May 22nd. Raymond James Financial, Inc. upgraded shares of Prestige Brand Holdings from a “market perform” rating to an “outperform” rating and set a $55.00 target price for the company in a research note on Monday, May 22nd. Finally, BidaskClub cut shares of Prestige Brand Holdings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $64.00.

In other news, SVP Jean A. Boyko sold 12,876 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $52.12, for a total transaction of $671,097.12. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.98% of the stock is owned by company insiders.

Shares of Prestige Brand Holdings, Inc. (PBH) opened at 51.45 on Friday. Prestige Brand Holdings, Inc. has a 52 week low of $44.64 and a 52 week high of $59.63. The firm has a market capitalization of $2.73 billion, a PE ratio of 25.41 and a beta of 1.20. The stock has a 50 day moving average of $51.29 and a 200-day moving average of $53.33.

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

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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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