Olstein Capital Management L.P. boosted its position in shares of Prestige Brand Holdings, Inc. (NYSE:PBH) by 42.2% during the second quarter, Holdings Channel reports. The fund owned 47,410 shares of the company’s stock after buying an additional 14,080 shares during the period. Olstein Capital Management L.P.’s holdings in Prestige Brand Holdings were worth $2,504,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Mercantile Trust Co. raised its position in shares of Prestige Brand Holdings by 2.4% in the second quarter. First Mercantile Trust Co. now owns 2,116 shares of the company’s stock worth $112,000 after buying an additional 50 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Prestige Brand Holdings by 1.2% in the second quarter. Capstone Asset Management Co. now owns 6,106 shares of the company’s stock worth $322,000 after buying an additional 70 shares during the last quarter. Advantus Capital Management Inc raised its position in shares of Prestige Brand Holdings by 3.0% in the first quarter. Advantus Capital Management Inc now owns 6,777 shares of the company’s stock worth $377,000 after buying an additional 199 shares during the last quarter. State Treasurer State of Michigan raised its position in shares of 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 worth $1,195,000 after buying an additional 200 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Prestige Brand Holdings by 0.9% in the first quarter. Arizona State Retirement System now owns 22,000 shares of the company’s stock worth $1,222,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 97.88% of the company’s stock.

Prestige Brand Holdings, Inc. (NYSE:PBH) opened at 51.88 on Wednesday. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 25.62 and a beta of 1.18. Prestige Brand Holdings, Inc. has a 12-month low of $44.64 and a 12-month high of $59.63. The firm’s 50-day moving average price is $52.01 and its 200 day moving average price is $54.09.

Prestige Brand Holdings (NYSE:PBH) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.03. The business had revenue of $256.57 million for 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. On average, analysts expect that Prestige Brand Holdings, Inc. will post $2.64 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Olstein Capital Management L.P. Purchases 14,080 Shares of Prestige Brand Holdings, Inc. (PBH)” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.watchlistnews.com/olstein-capital-management-l-p-purchases-14080-shares-of-prestige-brand-holdings-inc-pbh/1495153.html.

A number of brokerages have commented on PBH. Jefferies Group LLC increased their price objective on Prestige Brand Holdings from $47.00 to $49.00 and gave the company an “underperform” rating in a research report on Wednesday, April 19th. UBS AG upgraded Prestige Brand Holdings from a “market perform” rating to an “outperform” rating in a research report on Monday, May 22nd. Zacks Investment Research upgraded Prestige Brand Holdings from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Thursday, July 13th. BidaskClub upgraded Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, DA Davidson restated a “buy” rating and issued a $79.00 price target on shares of Prestige Brand Holdings in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $64.50.

In other Prestige Brand Holdings news, SVP Jean A. Boyko sold 12,876 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 26,566 shares of the company’s stock, valued at $1,384,619.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.98% of the company’s stock.

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.

Want to see what other hedge funds are holding PBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prestige Brand Holdings, Inc. (NYSE:PBH).

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

Receive News & Ratings for Prestige Brand Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Brand Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.