The New York State Teachers Retirement System decides to keep it stake in Prestige Brands Holdings Inc. (PBH) to the level of $3,922,000

The New York State Teachers Retirement System decides to keep it stake in Prestige Brands Holdings Inc. (PBH) to the level of $3,922,000

New York State Teachers Retirement System lowered its stake in shares of Prestige Brands Holdings Inc. (NYSE:PBH) by 18.2% during the second quarter, Holdings Channel reports. The fund owned 70,800 shares of the company’s stock after selling 15,726 shares during the period. New York State Teachers Retirement System’s holdings in Prestige Brands Holdings were worth $3,922,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Aperio Group LLC boosted its stake in shares of Prestige Brands Holdings by 20.0% in the first quarter. Aperio Group LLC now owns 12,757 shares of the company’s stock worth $681,000 after buying an additional 2,129 shares in the last quarter. Virginia Retirement System bought a new stake in shares of Prestige Brands Holdings during the first quarter worth approximately $731,000. Pacad Investment Ltd. bought a new stake in shares of Prestige Brands Holdings during the first quarter worth approximately $483,000. TIAA CREF Investment Management LLC boosted its stake in shares of Prestige Brands Holdings by 6.8% in the first quarter. TIAA CREF Investment Management LLC now owns 283,032 shares of the company’s stock worth $15,111,000 after buying an additional 18,016 shares in the last quarter. Finally, Teachers Advisors Inc. boosted its stake in shares of Prestige Brands Holdings by 29.8% in the first quarter. Teachers Advisors Inc. now owns 334,904 shares of the company’s stock worth $17,881,000 after buying an additional 76,839 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of Prestige Brands Holdings Inc. (NYSE:PBH) traded down 0.27% during midday trading on Friday, reaching $48.12. 417,795 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $47.89 and its 200 day moving average is $52.62. Prestige Brands Holdings Inc. has a one year low of $43.63 and a one year high of $58.09. The firm has a market cap of $2.55 billion, a PE ratio of 37.27 and a beta of 1.57.

Prestige Brands Holdings (NYSE:PBH) last issued its earnings results on Thursday, August 4th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.04. The business 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 company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. Analysts anticipate that Prestige Brands Holdings Inc. will post $2.34 EPS for the current year.

PBH has been the topic of a number of analyst reports. Jefferies Group reissued a “sell” rating on shares of Prestige Brands Holdings in a research report on Monday, August 1st. Zacks Investment Research raised Prestige Brands Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. B. Riley reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Prestige Brands Holdings in a research report on Wednesday, July 6th. Piper Jaffray Cos. reaffirmed an “outperform” rating on shares of Prestige Brands Holdings in a research report on Friday, July 15th. Finally, Sidoti raised Prestige Brands Holdings from a “neutral” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Friday, August 12th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Prestige Brands Holdings currently has an average rating of “Hold” and a consensus 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.

Related posts

Leave a Comment