American International Group Inc. grew its position in Prestige Brand Holdings, Inc. (NYSE:PBH) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,179 shares of the company’s stock after purchasing an additional 3,963 shares during the quarter. American International Group Inc. owned about 0.27% of Prestige Brand worth $7,222,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PBH. FMR LLC grew its position in shares of Prestige Brand by 56.7% in the second quarter. FMR LLC now owns 2,565,578 shares of the company’s stock valued at $135,487,000 after purchasing an additional 927,927 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Prestige Brand in the second quarter valued at approximately $36,642,000. JPMorgan Chase & Co. grew its position in shares of Prestige Brand by 234.2% in the second quarter. JPMorgan Chase & Co. now owns 409,596 shares of the company’s stock valued at $21,631,000 after purchasing an additional 287,041 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Prestige Brand by 24.6% in the second quarter. Goldman Sachs Group Inc. now owns 836,084 shares of the company’s stock valued at $44,154,000 after purchasing an additional 164,863 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Prestige Brand by 912.3% in the third quarter. American Century Companies Inc. now owns 177,899 shares of the company’s stock valued at $8,911,000 after purchasing an additional 160,326 shares during the last quarter. 98.56% of the stock is currently owned by institutional investors.

Several research firms have recently commented on PBH. Jefferies Group reaffirmed a “hold” rating and issued a $55.00 target price (up previously from $54.00) on shares of Prestige Brand in a research report on Monday, October 2nd. Zacks Investment Research downgraded Prestige Brand from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. TD Securities reissued a “buy” rating and set a $125.00 price target on shares of Prestige Brand in a research report on Thursday, November 23rd. KeyCorp reissued a “buy” rating and set a $61.00 price target on shares of Prestige Brand in a research report on Wednesday, September 6th. Finally, BMO Capital Markets reissued a “buy” rating and set a $118.00 price target on shares of Prestige Brand in a research report on Thursday, November 23rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $77.75.

Shares of Prestige Brand Holdings, Inc. (NYSE:PBH) traded down $0.64 during trading hours on Friday, reaching $44.56. The company had a trading volume of 676,336 shares, compared to its average volume of 558,676. The firm has a market capitalization of $2,397.36, a P/E ratio of 18.68, a P/E/G ratio of 1.83 and a beta of 1.20. Prestige Brand Holdings, Inc. has a 1-year low of $40.11 and a 1-year high of $59.63. The company has a quick ratio of 1.32, a current ratio of 2.06 and a debt-to-equity ratio of 2.34.

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

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Prestige Brand 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.

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

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