Bank of New York Mellon Corp raised its position in Prestige Brand Holdings, Inc. (NYSE:PBH) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 649,929 shares of the company’s stock after acquiring an additional 7,521 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.23% of Prestige Brand worth $32,555,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PBH. Capstone Asset Management Co. lifted its stake in Prestige Brand by 1.2% in the second quarter. Capstone Asset Management Co. now owns 6,106 shares of the company’s stock valued at $322,000 after acquiring an additional 70 shares during the last quarter. Texas Permanent School Fund lifted its stake in Prestige Brand by 0.9% in the second quarter. Texas Permanent School Fund now owns 38,663 shares of the company’s stock valued at $2,042,000 after acquiring an additional 337 shares during the last quarter. Sei Investments Co. lifted its stake in Prestige Brand by 13.4% in the second quarter. Sei Investments Co. now owns 24,429 shares of the company’s stock valued at $1,290,000 after acquiring an additional 2,878 shares during the last quarter. Trexquant Investment LP acquired a new stake in Prestige Brand in the second quarter valued at $280,000. Finally, Arizona State Retirement System lifted its stake in shares of Prestige Brand by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 22,300 shares of the company’s stock worth $1,178,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 98.56% of the company’s stock.

PBH has been the subject of a number of research reports. TD Securities restated a “buy” rating and set a $125.00 target price on shares of Prestige Brand in a research note on Thursday, November 23rd. BMO Capital Markets restated a “buy” rating and set a $118.00 target price on shares of Prestige Brand in a research note on Thursday, November 23rd. KeyCorp set a $61.00 target price on shares of Prestige Brand and gave the stock a “buy” rating in a research note on Monday, October 16th. DA Davidson set a $79.00 target price on shares of Prestige Brand and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of Prestige Brand from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $77.75.

Shares of Prestige Brand Holdings, Inc. (NYSE PBH) opened at $46.75 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.32 and a current ratio of 2.06. The stock has a market cap of $2,479.57, a PE ratio of 19.32, a PEG ratio of 1.90 and a beta of 1.20. Prestige Brand Holdings, Inc. has a 12 month low of $40.11 and a 12 month high of $59.63.

Prestige Brand (NYSE:PBH) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Prestige Brand had a return on equity of 15.32% and a net margin of 11.03%. The business had revenue of $258.00 million for the quarter, compared to the consensus estimate of $267.12 million. During the same period in the prior year, the business posted $0.63 earnings per share. Prestige Brand’s revenue was up 19.9% compared to the same quarter last year. research analysts forecast that Prestige Brand Holdings, Inc. will post 2.62 earnings per share for the current year.

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About Prestige Brand

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 (NYSE:PBH)

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