Parametric Portfolio Associates LLC Has $21.73 Million Holdings in Prestige Brands Holdings, Inc. (PBH)

Parametric Portfolio Associates LLC lifted its holdings in shares of Prestige Brands Holdings, Inc. (NYSE:PBH) by 11.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 433,830 shares of the company’s stock after acquiring an additional 45,604 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.82% of Prestige Brands worth $21,731,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Prestige Brands by 10.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the company’s stock valued at $110,000 after acquiring an additional 205 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Prestige Brands by 90.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock valued at $117,000 after acquiring an additional 1,055 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Prestige Brands by 33.2% during the 2nd quarter. Advisor Group Inc. now owns 2,285 shares of the company’s stock valued at $120,000 after acquiring an additional 570 shares during the last quarter. Zions Bancorporation purchased a new stake in shares of Prestige Brands in the third quarter valued at $165,000. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Prestige Brands by 78.6% in the second quarter. Riverhead Capital Management LLC now owns 3,394 shares of the company’s stock valued at $179,000 after purchasing an additional 1,494 shares in the last quarter. Institutional investors and hedge funds own 98.56% of the company’s stock.

Shares of Prestige Brands Holdings, Inc. (PBH) opened at $44.79 on Wednesday. The stock has a market capitalization of $2,362.88, a PE ratio of 22.40, a PEG ratio of 1.81 and a beta of 1.20. Prestige Brands Holdings, Inc. has a 1 year low of $40.11 and a 1 year high of $59.63. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.06 and a quick ratio of 1.32.

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

Several analysts recently issued reports on PBH shares. KeyCorp reiterated a “buy” rating and set a $61.00 price objective on shares of Prestige Brands in a report on Wednesday, September 6th. DA Davidson reaffirmed a “buy” rating and issued a $79.00 price target on shares of Prestige Brands in a research report on Monday, December 18th. TD Securities reaffirmed a “buy” rating and issued a $125.00 price target on shares of Prestige Brands in a research report on Thursday, November 23rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $118.00 price target on shares of Prestige Brands in a research report on Thursday, November 23rd. Finally, Zacks Investment Research raised Prestige Brands from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. Prestige Brands has a consensus rating of “Buy” and a consensus target price of $77.75.

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Prestige Brands Company 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 Brands (NYSE:PBH)

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