The 76,231 Shares of Prestige Brands Holdings Inc. (PBH) are sold by JPMorgan Chase & Co.

The 76,231 Shares of Prestige Brands Holdings Inc. (PBH) are sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in shares of Prestige Brands Holdings Inc. (NYSE:PBH) by 42.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,790 shares of the company’s stock after selling 76,231 shares during the period. JPMorgan Chase & Co. owned 0.20% of Prestige Brands Holdings worth $5,750,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PBH. Nisa Investment Advisors LLC raised its position in shares of Prestige Brands Holdings by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,400 shares of the company’s stock worth $410,000 after buying an additional 200 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Prestige Brands Holdings by 2.7% in the second quarter. PNC Financial Services Group Inc. now owns 16,485 shares of the company’s stock worth $914,000 after buying an additional 429 shares during the last quarter. I.G. Investment Management LTD. raised its position in shares of Prestige Brands Holdings by 1.9% in the second quarter. I.G. Investment Management LTD. now owns 24,851 shares of the company’s stock worth $1,377,000 after buying an additional 457 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Prestige Brands Holdings by 0.6% in the second quarter. California State Teachers Retirement System now owns 111,799 shares of the company’s stock worth $6,194,000 after buying an additional 660 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of Prestige Brands Holdings by 68.5% in the second quarter. LS Investment Advisors LLC now owns 3,482 shares of the company’s stock worth $193,000 after buying an additional 1,416 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Shares of Prestige Brands Holdings Inc. (NYSE:PBH) traded up 0.15% during midday trading on Wednesday, hitting $47.44. 8,746 shares of the stock were exchanged. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 36.75 and a beta of 1.57. Prestige Brands Holdings Inc. has a 12 month low of $43.63 and a 12 month high of $58.09. The firm’s 50-day moving average is $47.87 and its 200-day moving average is $52.59.

Prestige Brands Holdings (NYSE:PBH) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.04. The company had revenue of $209.60 million for the quarter, compared to analyst estimates of $208.18 million. Prestige Brands Holdings had a net margin of 8.28% and a return on equity of 16.50%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. Equities research analysts predict that Prestige Brands Holdings Inc. will post $2.34 earnings per share for the current year.

A number of equities analysts recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $70.00 price objective on shares of Prestige Brands Holdings in a report on Tuesday, September 27th. Jefferies Group reiterated a “sell” rating on shares of Prestige Brands Holdings in a research note on Wednesday, August 10th. KeyCorp reiterated a “buy” rating on shares of Prestige Brands Holdings in a research note on Friday, September 23rd. Piper Jaffray Cos. reiterated an “overweight” rating and set a $60.00 target price on shares of Prestige Brands Holdings in a research note on Wednesday, July 6th. Finally, Sidoti upgraded shares of Prestige Brands Holdings from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Friday, August 12th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $59.67.

About Prestige Brands Holdings

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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