Ajo LP purchased a new position in Prestige Brand Holdings, Inc. (NYSE:PBH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 121,578 shares of the company’s stock, valued at approximately $6,421,000. Ajo LP owned approximately 0.23% of Prestige Brand Holdings as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of PBH. Oregon Public Employees Retirement Fund increased its holdings in Prestige Brand Holdings by 1.6% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 18,611 shares of the company’s stock worth $1,034,000 after acquiring an additional 300 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Prestige Brand Holdings by 5.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 31,241 shares of the company’s stock worth $1,734,000 after acquiring an additional 1,483 shares in the last quarter. State Treasurer State of Michigan increased its holdings in Prestige Brand Holdings by 0.9% in the 1st quarter. State Treasurer State of Michigan now owns 21,500 shares of the company’s stock worth $1,195,000 after acquiring an additional 200 shares in the last quarter. First Trust Advisors LP increased its holdings in Prestige Brand Holdings by 394.7% in the 1st quarter. First Trust Advisors LP now owns 19,317 shares of the company’s stock worth $1,073,000 after acquiring an additional 15,412 shares in the last quarter. Finally, Comerica Bank increased its holdings in Prestige Brand Holdings by 37.0% in the 1st quarter. Comerica Bank now owns 57,728 shares of the company’s stock worth $3,342,000 after acquiring an additional 15,589 shares in the last quarter. 98.56% of the stock is owned by institutional investors.

PBH has been the subject of several recent analyst reports. BidaskClub raised shares of Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $54.00 target price on shares of Prestige Brand Holdings in a report on Wednesday, August 16th. Raymond James Financial, Inc. raised 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 report on Monday, May 22nd. KeyCorp reaffirmed a “buy” rating and set a $61.00 target price on shares of Prestige Brand Holdings in a report on Wednesday, September 6th. Finally, Zacks Investment Research raised shares of Prestige Brand Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $64.00.

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Shares of Prestige Brand Holdings, Inc. (NYSE PBH) opened at 51.53 on Friday. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 25.45 and a beta of 1.20. The stock’s 50 day moving average is $51.26 and its 200-day moving average is $53.29. Prestige Brand Holdings, Inc. has a 12-month low of $44.64 and a 12-month high of $59.63.

Prestige Brand Holdings (NYSE:PBH) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.66 earnings per share for the quarter, beating 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 business had revenue of $256.57 million during the quarter, compared to analysts’ expectations of $255.64 million. During the same quarter last year, the business posted $0.59 earnings per share. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. Equities analysts anticipate that Prestige Brand Holdings, Inc. will post $2.64 EPS for the current fiscal year.

In other news, SVP Jean A. Boyko sold 12,876 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 26,566 shares in the company, valued at $1,384,619.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.98% of the company’s stock.

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.

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

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