Eagle Boston Investment Management Inc. grew its stake in Prestige Brands Holdings, Inc. (NYSE:PBH) by 27.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,852 shares of the company’s stock after buying an additional 51,999 shares during the quarter. Eagle Boston Investment Management Inc. owned 0.45% of Prestige Brands worth $10,630,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in PBH. PNC Financial Services Group Inc. increased its position in Prestige Brands by 90.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock worth $117,000 after acquiring an additional 1,055 shares during the period. Advisor Group Inc. raised its holdings in Prestige Brands by 33.2% in the 2nd quarter. Advisor Group Inc. now owns 2,285 shares of the company’s stock valued at $120,000 after buying an additional 570 shares during the last quarter. Zions Bancorporation bought a new position in Prestige Brands in the 3rd quarter valued at approximately $165,000. Dynamic Technology Lab Private Ltd bought a new position in Prestige Brands in the 3rd quarter valued at approximately $215,000. Finally, D.A. Davidson & CO. bought a new position in Prestige Brands in the 4th quarter valued at approximately $240,000.
Several research analysts have issued reports on PBH shares. William Blair upgraded shares of Prestige Brands from a “market perform” rating to an “outperform” rating in a report on Monday, December 4th. Zacks Investment Research upgraded shares of Prestige Brands from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. DA Davidson reissued a “buy” rating and issued a $79.00 price target on shares of Prestige Brands in a research report on Monday, December 18th. BMO Capital Markets raised shares of Prestige Brands from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 15th. Finally, TD Securities reissued a “buy” rating and issued a $125.00 price target on shares of Prestige Brands in a report on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $75.50.
Prestige Brands (NYSE:PBH) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. The firm had revenue of $270.62 million during the quarter, compared to analyst estimates of $270.25 million. Prestige Brands had a return on equity of 14.14% and a net margin of 38.05%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 earnings per share. equities research analysts anticipate that Prestige Brands Holdings, Inc. will post 2.58 EPS for the current year.
In related news, SVP William P’pool purchased 1,500 shares of Prestige Brands stock in a transaction dated Monday, February 12th. The stock was purchased at an average cost of $33.90 per share, for a total transaction of $50,850.00. Following the completion of the acquisition, the senior vice president now directly owns 6,600 shares of the company’s stock, valued at $223,740. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Natale S. Ricciardi purchased 3,000 shares of Prestige Brands stock in a transaction dated Wednesday, February 7th. The shares were bought at an average price of $37.04 per share, with a total value of $111,120.00. Following the completion of the acquisition, the director now directly owns 7,806 shares of the company’s stock, valued at $289,134.24. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 19,000 shares of company stock valued at $679,575. 0.98% of the stock is owned by corporate insiders.
About Prestige Brands
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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