Millennium Management LLC Acquires 108,686 Shares of Prestige Consumer Healthcare Inc (PBH)

Millennium Management LLC grew its holdings in Prestige Consumer Healthcare Inc (NYSE:PBH) by 410.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,193 shares of the company’s stock after purchasing an additional 108,686 shares during the period. Millennium Management LLC owned about 0.26% of Prestige Consumer Healthcare worth $4,175,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Prestige Consumer Healthcare by 4.0% in the fourth quarter. BlackRock Inc. now owns 6,457,359 shares of the company’s stock valued at $199,402,000 after purchasing an additional 248,243 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Prestige Consumer Healthcare by 11.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,049,957 shares of the company’s stock valued at $125,062,000 after purchasing an additional 420,265 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Prestige Consumer Healthcare by 9.2% in the third quarter. JPMorgan Chase & Co. now owns 3,030,923 shares of the company’s stock valued at $114,842,000 after purchasing an additional 255,561 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of Prestige Consumer Healthcare by 17.6% in the fourth quarter. Macquarie Group Ltd. now owns 1,446,325 shares of the company’s stock valued at $44,663,000 after purchasing an additional 216,570 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Prestige Consumer Healthcare by 23.3% in the fourth quarter. Acadian Asset Management LLC now owns 1,235,502 shares of the company’s stock valued at $38,153,000 after purchasing an additional 233,793 shares during the last quarter.

NYSE:PBH opened at $28.88 on Wednesday. Prestige Consumer Healthcare Inc has a 1-year low of $26.25 and a 1-year high of $41.76. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.28 and a quick ratio of 1.34. The firm has a market capitalization of $1.47 billion, a P/E ratio of 11.19, a PEG ratio of 1.60 and a beta of 0.98.

Prestige Consumer Healthcare (NYSE:PBH) last released its earnings results on Thursday, February 7th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. Prestige Consumer Healthcare had a net margin of 6.44% and a return on equity of 11.85%. The business had revenue of $241.40 million during the quarter, compared to analysts’ expectations of $241.40 million. During the same period last year, the business earned $0.70 earnings per share. The firm’s revenue was down 10.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Prestige Consumer Healthcare Inc will post 2.77 EPS for the current year.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Prestige Consumer Healthcare from a “sell” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada reissued a “buy” rating and issued a $97.00 target price on shares of Prestige Consumer Healthcare in a research note on Friday, March 15th. Desjardins cut shares of Prestige Consumer Healthcare to a “hold” rating and set a $88.00 target price for the company. in a research note on Wednesday, February 13th. Raymond James cut shares of Prestige Consumer Healthcare from an “outperform” rating to a “market perform” rating and set a $28.40 target price for the company. in a research note on Tuesday, January 15th. Finally, ValuEngine cut shares of Prestige Consumer Healthcare from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Prestige Consumer Healthcare currently has an average rating of “Hold” and an average price target of $54.07.

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Prestige Consumer Healthcare Profile

Prestige Consumer Healthcare Inc, together with its subsidiaries, develops, manufactures, markets, distributes, and sells over-the-counter (OTC) healthcare and household cleaning products in North America, Australia, and internationally. It operates in three segments: North American OTC Healthcare, International OTC Healthcare, and Household Cleaning.

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Institutional Ownership by Quarter for Prestige Consumer Healthcare (NYSE:PBH)

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