Evanston Investments Inc. dba Evanston Advisors raised its stake in shares of Prestige Brands Holdings, Inc. (NYSE:PBH) by 9.7% in the 2nd quarter, Holdings Channel reports. The firm owned 102,623 shares of the company’s stock after purchasing an additional 9,058 shares during the period. Evanston Investments Inc. dba Evanston Advisors’ holdings in Prestige Brands were worth $3,939,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in Prestige Brands by 21.4% during the first quarter. JPMorgan Chase & Co. now owns 2,327,787 shares of the company’s stock valued at $78,492,000 after purchasing an additional 410,969 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Prestige Brands by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,323,522 shares of the company’s stock valued at $78,349,000 after purchasing an additional 379,485 shares during the last quarter. Wells Fargo & Company MN lifted its position in Prestige Brands by 19.3% during the second quarter. Wells Fargo & Company MN now owns 2,191,407 shares of the company’s stock valued at $84,106,000 after purchasing an additional 354,122 shares during the last quarter. Royal Bank of Canada lifted its position in Prestige Brands by 81.4% during the first quarter. Royal Bank of Canada now owns 2,027,327 shares of the company’s stock valued at $68,362,000 after purchasing an additional 909,507 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Prestige Brands by 47.9% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,986,867 shares of the company’s stock valued at $76,256,000 after purchasing an additional 643,312 shares during the last quarter.

Several equities research analysts have issued reports on the stock. Jefferies Financial Group set a $38.00 target price on shares of Prestige Brands and gave the company a “hold” rating in a research report on Thursday, August 2nd. Zacks Investment Research lowered shares of Prestige Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 10th. DA Davidson lowered shares of Prestige Brands to a “neutral” rating and set a $33.00 target price for the company. in a research report on Tuesday, May 8th. Finally, ValuEngine lowered shares of Prestige Brands from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Prestige Brands currently has an average rating of “Hold” and an average price target of $69.00.

PBH stock opened at $38.65 on Friday. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03. Prestige Brands Holdings, Inc. has a one year low of $27.84 and a one year high of $51.79. The company has a current ratio of 2.21, a quick ratio of 1.37 and a debt-to-equity ratio of 1.72.

Prestige Brands (NYSE:PBH) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. The firm had revenue of $253.98 million for the quarter, compared to the consensus estimate of $253.70 million. Prestige Brands had a net margin of 32.76% and a return on equity of 12.45%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. analysts anticipate that Prestige Brands Holdings, Inc. will post 2.86 EPS for the current year.

Prestige Brands Profile

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

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

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