Public Employees Retirement Association of Colorado boosted its stake in shares of Prestige Brands Holdings Inc. (NYSE:PBH) by 45.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 529,100 shares of the company’s stock after buying an additional 164,300 shares during the period. Public Employees Retirement Association of Colorado owned about 1.00% of Prestige Brands Holdings worth $29,312,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PBH. LS Investment Advisors LLC raised its position in Prestige Brands Holdings by 68.5% in the second quarter. LS Investment Advisors LLC now owns 3,482 shares of the company’s stock valued at $193,000 after buying an additional 1,416 shares during the period. Bank of Montreal Can acquired a new stake in shares of Prestige Brands Holdings during the second quarter worth $200,000. Acrospire Investment Management LLC acquired a new stake in shares of Prestige Brands Holdings during the first quarter worth $246,000. Adams Diversified Equity Fund Inc. acquired a new stake in shares of Prestige Brands Holdings during the second quarter worth $266,000. Finally, Capital Fund Management S.A. acquired a new stake in shares of Prestige Brands Holdings during the second quarter worth $312,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

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

Prestige Brands Holdings Inc. (NYSE:PBH) traded up 1.41% during midday trading on Monday, hitting $48.80. The company had a trading volume of 70,459 shares. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 37.80 and a beta of 1.57. Prestige Brands Holdings Inc. has a 12 month low of $43.63 and a 12 month high of $58.09. The firm has a 50-day moving average price of $47.89 and a 200-day moving average price of $52.62.

Prestige Brands Holdings (NYSE:PBH) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $209.60 million for the quarter, compared to analyst estimates of $208.18 million. Prestige Brands Holdings had a return on equity of 16.50% and a net margin of 8.28%. Prestige Brands Holdings’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. Equities analysts anticipate that Prestige Brands Holdings Inc. will post $2.34 EPS for the current year.

PBH has been the topic of a number of research analyst reports. B. Riley restated a “focus list” rating and set a $70.00 price target on shares of Prestige Brands Holdings in a research note on Monday, June 13th. Piper Jaffray Cos. restated an “overweight” rating and set a $60.00 price target on shares of Prestige Brands Holdings in a research note on Wednesday, July 6th. Zacks Investment Research lowered Prestige Brands Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Finally, Jefferies Group restated a “sell” rating and set a $45.00 price target on shares of Prestige Brands Holdings in a research note on Thursday, July 14th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $59.67.

About Prestige Brands 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.

5 Day Chart for NYSE:PBH

Receive News & Stock Ratings for Prestige Brands Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Brands Holdings Inc. and related stocks with our FREE daily email newsletter.