Virginia Retirement Systems ET AL lowered its stake in Prestige Brands Holdings, Inc. (NYSE:PBH) by 14.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,400 shares of the company’s stock after selling 7,600 shares during the period. Virginia Retirement Systems ET AL owned 0.09% of Prestige Brands worth $1,704,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Bank of Montreal Can boosted its position in Prestige Brands by 135.9% in the second quarter. Bank of Montreal Can now owns 3,067 shares of the company’s stock valued at $118,000 after buying an additional 1,767 shares in the last quarter. Victory Capital Management Inc. boosted its position in Prestige Brands by 37.8% in the first quarter. Victory Capital Management Inc. now owns 7,922 shares of the company’s stock valued at $267,000 after buying an additional 2,175 shares in the last quarter. Summit Global Investments boosted its position in Prestige Brands by 26.4% in the first quarter. Summit Global Investments now owns 16,300 shares of the company’s stock valued at $550,000 after buying an additional 3,400 shares in the last quarter. Legal & General Group Plc boosted its position in Prestige Brands by 7.0% in the first quarter. Legal & General Group Plc now owns 52,790 shares of the company’s stock valued at $1,780,000 after buying an additional 3,444 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its position in Prestige Brands by 56.2% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 10,853 shares of the company’s stock valued at $366,000 after buying an additional 3,907 shares in the last quarter.

PBH has been the topic of a number of research analyst reports. ValuEngine lowered shares of Prestige Brands from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered shares of Prestige Brands from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. DA Davidson downgraded shares of Prestige Brands to a “neutral” rating and set a $33.00 price target for the company. in a research note on Tuesday, May 8th. Finally, Jefferies Financial Group set a $38.00 price target on shares of Prestige Brands and gave the company a “hold” rating in a research note on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Prestige Brands currently has an average rating of “Hold” and an average target price of $69.00.

PBH stock opened at $38.06 on Friday. The firm has a market cap of $1.94 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03. Prestige Brands Holdings, Inc. has a 52-week low of $27.84 and a 52-week high of $52.34. The company has a quick ratio of 1.37, a current ratio of 2.21 and a debt-to-equity ratio of 1.72.

Prestige Brands (NYSE:PBH) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $253.98 million during the quarter, compared to the consensus estimate of $253.70 million. Prestige Brands had a net margin of 32.76% and a return on equity of 12.45%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. research analysts predict that Prestige Brands Holdings, Inc. will post 2.86 EPS for the current year.

Prestige Brands Profile

Prestige Brands Holdings, 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.

Further Reading: Understanding Average Daily Trade Volume

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

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