NGAM Advisors L.P. reduced its stake in shares of Prestige Brand Holdings, Inc. (NYSE:PBH) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 62,807 shares of the company’s stock after selling 524 shares during the period. NGAM Advisors L.P.’s holdings in Prestige Brand Holdings were worth $3,317,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Wesbanco Bank Inc. raised its stake in Prestige Brand Holdings by 9.7% in the first quarter. Wesbanco Bank Inc. now owns 59,672 shares of the company’s stock valued at $3,315,000 after buying an additional 5,255 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Prestige Brand Holdings by 63.3% in the first quarter. Russell Investments Group Ltd. now owns 253,576 shares of the company’s stock valued at $14,089,000 after buying an additional 98,309 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of Prestige Brand Holdings by 4.2% in the first quarter. Glen Harbor Capital Management LLC now owns 10,332 shares of the company’s stock valued at $574,000 after buying an additional 420 shares during the last quarter. Dock Street Asset Management Inc. bought a new stake in shares of Prestige Brand Holdings during the first quarter valued at about $1,237,000. Finally, Acadian Asset Management LLC raised its stake in shares of Prestige Brand Holdings by 463.2% in the first quarter. Acadian Asset Management LLC now owns 554,077 shares of the company’s stock valued at $30,788,000 after buying an additional 455,704 shares during the last quarter. Hedge funds and other institutional investors own 98.19% of the company’s stock.

Prestige Brand Holdings, Inc. (NYSE:PBH) opened at 52.08 on Thursday. The company has a 50-day moving average of $52.15 and a 200 day moving average of $54.10. Prestige Brand Holdings, Inc. has a 12-month low of $44.64 and a 12-month high of $59.63. The company has a market capitalization of $2.76 billion, a P/E ratio of 40.06 and a beta of 1.18.

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

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Several equities research analysts have recently issued reports on PBH shares. Zacks Investment Research lowered shares of Prestige Brand Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Jefferies Group LLC raised their price objective on shares of Prestige Brand Holdings from $47.00 to $49.00 and gave the stock an “underperform” rating in a report on Wednesday, April 19th. DA Davidson reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Prestige Brand Holdings in a report on Monday, May 8th. UBS AG raised shares of Prestige Brand Holdings from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Finally, Raymond James Financial, Inc. raised shares of Prestige Brand Holdings from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Prestige Brand Holdings presently has an average rating of “Buy” and a consensus target price of $63.71.

About Prestige Brand 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.

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

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