Ameriprise Financial Inc. raised its position in Prestige Brand Holdings, Inc. (NYSE:PBH) by 58.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 237,478 shares of the company’s stock after purchasing an additional 87,481 shares during the period. Ameriprise Financial Inc. owned approximately 0.45% of Prestige Brand Holdings worth $12,541,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Eagle Boston Investment Management Inc. increased its stake in Prestige Brand Holdings by 1.6% in the second quarter. Eagle Boston Investment Management Inc. now owns 160,662 shares of the company’s stock valued at $8,484,000 after purchasing an additional 2,504 shares in the last quarter. Principal Financial Group Inc. increased its stake in Prestige Brand Holdings by 3.2% in the second quarter. Principal Financial Group Inc. now owns 787,926 shares of the company’s stock valued at $41,611,000 after purchasing an additional 24,343 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Prestige Brand Holdings by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 642,408 shares of the company’s stock valued at $33,924,000 after purchasing an additional 4,110 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Prestige Brand Holdings by 3.0% in the second quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the company’s stock valued at $729,000 after purchasing an additional 400 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Prestige Brand Holdings by 2.8% in the second quarter. Eagle Asset Management Inc. now owns 1,378,846 shares of the company’s stock valued at $72,816,000 after purchasing an additional 37,849 shares in the last quarter. 98.56% of the stock is owned by hedge funds and other institutional investors.

Prestige Brand Holdings, Inc. (PBH) opened at 48.52 on Monday. The stock has a 50 day moving average of $50.19 and a 200 day moving average of $52.50. Prestige Brand Holdings, Inc. has a 12-month low of $44.64 and a 12-month high of $59.63. The firm has a market cap of $2.57 billion, a PE ratio of 23.96 and a beta of 1.19.

Prestige Brand Holdings (NYSE:PBH) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Prestige Brand Holdings had a net margin of 11.70% and a return on equity of 16.06%. The firm had revenue of $256.57 million during the quarter, compared to analyst estimates of $255.64 million. During the same quarter last year, the business earned $0.59 EPS. The company’s revenue was up 22.4% compared to the same quarter last year. On average, equities research analysts anticipate that Prestige Brand Holdings, Inc. will post $2.64 EPS for the current fiscal year.

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In other news, SVP Jean A. Boyko sold 12,876 shares of Prestige Brand Holdings stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $52.12, for a total value of $671,097.12. Following the completion of the sale, the senior vice president now owns 26,566 shares in the company, valued at approximately $1,384,619.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.98% of the company’s stock.

Several equities research analysts have commented on PBH shares. BidaskClub raised shares of Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 17th. Zacks Investment Research downgraded shares of Prestige Brand Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. KeyCorp reaffirmed a “buy” rating and issued a $61.00 target price on shares of Prestige Brand Holdings in a research note on Wednesday, September 6th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $54.00 target price on shares of Prestige Brand Holdings in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $64.14.

Prestige Brand Holdings Profile

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.

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

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