Nationwide Fund Advisors boosted its stake in Prestige Brands Holdings Inc. (NYSE:PBH) by 139.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,256 shares of the company’s stock after buying an additional 95,019 shares during the period. Nationwide Fund Advisors owned approximately 0.31% of Prestige Brands Holdings worth $9,044,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. increased its stake in Prestige Brands Holdings by 39.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,223 shares of the company’s stock valued at $119,000 after buying an additional 634 shares in the last quarter. LS Investment Advisors LLC increased its stake in Prestige Brands Holdings by 68.5% in the second quarter. LS Investment Advisors LLC now owns 3,482 shares of the company’s stock valued at $193,000 after buying an additional 1,416 shares in the last quarter. Bank of Montreal Can purchased a new stake in Prestige Brands Holdings during the second quarter valued at about $200,000. Bbva Compass Bancshares Inc. purchased a new stake in Prestige Brands Holdings during the second quarter valued at about $235,000. Finally, Acrospire Investment Management LLC purchased a new stake in Prestige Brands Holdings during the first quarter valued at about $246,000. 98.10% of the stock is owned by institutional investors and hedge funds.
Shares of Prestige Brands Holdings Inc. (NYSE:PBH) traded down 0.25% during mid-day trading on Tuesday, reaching $47.15. 158,402 shares of the company’s stock were exchanged. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 36.52 and a beta of 1.64. Prestige Brands Holdings Inc. has a 52-week low of $43.40 and a 52-week high of $58.09. The stock’s 50-day moving average is $48.76 and its 200-day moving average is $53.02.
Prestige Brands Holdings (NYSE:PBH) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. Prestige Brands Holdings had a net margin of 8.28% and a return on equity of 16.50%. The firm had revenue of $209.60 million for the quarter, compared to analyst estimates of $208.18 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Prestige Brands Holdings Inc. will post $2.35 EPS for the current year.
Several research firms recently issued reports on PBH. Jefferies Group reaffirmed a “sell” rating on shares of Prestige Brands Holdings in a report on Wednesday, August 10th. B. Riley reaffirmed a “buy” rating and set a $70.00 price objective on shares of Prestige Brands Holdings in a report on Friday, August 5th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Prestige Brands Holdings in a report on Wednesday, July 6th. Sidoti raised shares of Prestige Brands Holdings from a “neutral” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Friday, August 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Prestige Brands Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Prestige Brands Holdings presently has a consensus rating of “Buy” and a consensus target price of $59.67.
About Prestige Brands 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.
Want to see what other hedge funds are holding PBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prestige Brands Holdings Inc. (NYSE:PBH).
Receive News & Ratings for Prestige Brands Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Brands Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.