Cortina Asset Management LLC increased its stake in Prestige Brand Holdings, Inc. (NYSE:PBH) by 17.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,408 shares of the company’s stock after buying an additional 56,003 shares during the period. Cortina Asset Management LLC owned 0.71% of Prestige Brand Holdings worth $18,904,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Capstone Asset Management Co. increased its stake in shares of Prestige Brand Holdings by 1.2% during the second quarter. Capstone Asset Management Co. now owns 6,106 shares of the company’s stock valued at $322,000 after purchasing an additional 70 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Prestige Brand Holdings during the second quarter valued at approximately $424,000. Oregon Public Employees Retirement Fund increased its stake in shares of Prestige Brand Holdings by 4.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 19,415 shares of the company’s stock valued at $1,025,000 after purchasing an additional 804 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Prestige Brand Holdings by 16.4% during the second quarter. LS Investment Advisors LLC now owns 4,472 shares of the company’s stock valued at $236,000 after purchasing an additional 630 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Prestige Brand Holdings by 3.0% during 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. 98.56% of the stock is owned by institutional investors.

Prestige Brand Holdings, Inc. (PBH) traded up $0.27 during trading hours on Tuesday, hitting $42.57. 632,900 shares of the stock were exchanged, compared to its average volume of 422,721. Prestige Brand Holdings, Inc. has a 1 year low of $40.11 and a 1 year high of $59.63. The company has a current ratio of 2.06, a quick ratio of 1.32 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $2,260.00, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19.

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

A number of brokerages have weighed in on PBH. BidaskClub raised shares of Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. 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. Jefferies Group LLC reaffirmed a “hold” rating and set a $54.00 target price on shares of Prestige Brand Holdings in a research note on Wednesday, August 16th. KeyCorp reaffirmed a “buy” rating and set a $61.00 target price on shares of Prestige Brand Holdings in a research note on Wednesday, September 6th. Finally, DA Davidson set a $79.00 target price on shares of Prestige Brand Holdings and gave the company a “buy” rating in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $63.17.

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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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