Macquarie Group Ltd. raised its position in shares of Prestige Brands (NYSE:PBH) by 11.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 701,872 shares of the company’s stock after buying an additional 73,293 shares during the quarter. Macquarie Group Ltd.’s holdings in Prestige Brands were worth $31,170,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ING Groep NV raised its stake in Prestige Brands by 23.3% during the fourth quarter. ING Groep NV now owns 8,003 shares of the company’s stock valued at $355,000 after buying an additional 1,512 shares in the last quarter. Advisor Group Inc. raised its stake in Prestige Brands by 576.0% during the third quarter. Advisor Group Inc. now owns 15,446 shares of the company’s stock valued at $774,000 after buying an additional 13,161 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Prestige Brands by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 649,929 shares of the company’s stock valued at $32,555,000 after buying an additional 7,521 shares in the last quarter. Magnetar Financial LLC raised its position in shares of Prestige Brands by 143.2% during the 3rd quarter. Magnetar Financial LLC now owns 23,434 shares of the company’s stock worth $1,174,000 after purchasing an additional 13,798 shares during the period. Finally, ETRADE Capital Management LLC raised its position in shares of Prestige Brands by 51.2% during the 3rd quarter. ETRADE Capital Management LLC now owns 24,991 shares of the company’s stock worth $1,252,000 after purchasing an additional 8,460 shares during the period.

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In other Prestige Brands news, CEO Ronald M. Lombardi acquired 7,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average cost of $35.94 per share, with a total value of $251,580.00. Following the acquisition, the chief executive officer now directly owns 138,969 shares of the company’s stock, valued at approximately $4,994,545.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP William P’pool acquired 1,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $33.90 per share, with a total value of $50,850.00. Following the completion of the acquisition, the senior vice president now directly owns 6,600 shares in the company, valued at $223,740. The disclosure for this purchase can be found here. Insiders purchased a total of 19,000 shares of company stock valued at $679,575 over the last three months. Corporate insiders own 0.98% of the company’s stock.

A number of analysts have recently weighed in on PBH shares. TheStreet cut Prestige Brands from a “b-” rating to a “c+” rating in a research report on Friday, February 9th. DA Davidson cut Prestige Brands from a “buy” rating to a “neutral” rating and set a $79.00 price target on the stock. in a research report on Friday, February 2nd. BMO Capital Markets reiterated a “buy” rating and set a $118.00 price target on shares of Prestige Brands in a research report on Thursday, November 23rd. KeyCorp dropped their price target on Prestige Brands from $54.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, February 5th. Finally, TD Securities reiterated a “buy” rating and set a $125.00 price target on shares of Prestige Brands in a research report on Thursday, November 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $75.29.

Shares of Prestige Brands stock opened at $33.93 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.43 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $1,793.24, a P/E ratio of 13.47, a PEG ratio of 1.38 and a beta of 1.21. Prestige Brands has a 1 year low of $32.46 and a 1 year high of $59.63.

Prestige Brands (NYSE:PBH) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. Prestige Brands had a return on equity of 14.14% and a net margin of 38.05%. The business had revenue of $270.62 million for the quarter, compared to analysts’ expectations of $270.25 million. During the same period in the prior year, the firm earned $0.61 EPS. The business’s quarterly revenue was up 24.8% on a year-over-year basis. research analysts predict that Prestige Brands will post 2.58 earnings per share for the current fiscal year.

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About Prestige Brands

Prestige Brands Holdings, Inc, through its subsidiaries, markets, sells, manufactures, and distributes over-the-counter (OTC) healthcare and household cleaning products in North America, Australia, and internationally. It operates through North American OTC Healthcare, International OTC Healthcare, and Household Cleaning segments.

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Institutional Ownership by Quarter for Prestige Brands (NYSE:PBH)

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