Jennison Associates LLC increased its position in Prestige Brand Holdings, Inc. (NYSE:PBH) by 30.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 410,031 shares of the company’s stock after buying an additional 96,345 shares during the period. Jennison Associates LLC owned approximately 0.77% of Prestige Brand Holdings worth $21,654,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. First Mercantile Trust Co. raised its stake in 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 period. Oakbrook Investments LLC bought a new stake in Prestige Brand Holdings during the second quarter worth about $206,000. LS Investment Advisors LLC raised its stake in Prestige Brand Holdings by 16.4% in the second quarter. LS Investment Advisors LLC now owns 4,472 shares of the company’s stock worth $236,000 after buying an additional 630 shares during the period. Trexquant Investment LP bought a new stake in Prestige Brand Holdings during the second quarter worth about $280,000. Finally, Eqis Capital Management Inc. bought a new stake in Prestige Brand Holdings during the first quarter worth about $287,000. 97.88% of the stock is owned by institutional investors and hedge funds.

Prestige Brand Holdings, Inc. (PBH) opened at 50.30 on Friday. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 24.84 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 company’s 50-day moving average is $51.76 and its 200 day moving average is $53.90.

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

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PBH has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Prestige Brand Holdings from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Thursday, July 13th. DA Davidson reissued a “buy” rating and issued a $79.00 price target on shares of Prestige Brand Holdings in a research report on Monday, May 8th. Jefferies Group LLC reissued a “hold” rating and issued a $54.00 price target on shares of Prestige Brand Holdings in a research report on Friday, July 14th. 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 target for the company in a research report on Monday, May 22nd. Finally, UBS AG raised shares of Prestige Brand Holdings from a “market perform” rating to an “outperform” rating in a research report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $64.50.

In related news, SVP Jean A. Boyko sold 12,876 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 SEC, which is available through this hyperlink. 0.98% of the stock is currently owned by company insiders.

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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