Prestige Brands Holdings, Inc. (PBH) Director Acquires $111,120.00 in Stock

Prestige Brands Holdings, Inc. (NYSE:PBH) Director Natale S. Ricciardi bought 3,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were bought at an average cost of $37.04 per share, with a total value of $111,120.00. Following the transaction, the director now directly owns 7,806 shares of the company’s stock, valued at $289,134.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Prestige Brands Holdings, Inc. (NYSE PBH) traded down $1.54 during mid-day trading on Thursday, hitting $35.35. The stock had a trading volume of 1,485,284 shares, compared to its average volume of 894,681. Prestige Brands Holdings, Inc. has a one year low of $35.03 and a one year high of $59.63. The firm has a market capitalization of $1,890.00, a price-to-earnings ratio of 4.89, a PEG ratio of 1.52 and a beta of 1.05. The company has a current ratio of 2.19, a quick ratio of 1.43 and a debt-to-equity ratio of 1.69.

Prestige Brands (NYSE:PBH) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. Prestige Brands had a return on equity of 14.14% and a net margin of 38.05%. The company had revenue of $270.62 million during the quarter, compared to analyst estimates of $270.25 million. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. equities analysts expect that Prestige Brands Holdings, Inc. will post 2.58 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Prestige Brands by 4.9% during the second quarter. State Street Corp now owns 1,983,624 shares of the company’s stock worth $104,752,000 after buying an additional 92,687 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Prestige Brands by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,867,572 shares of the company’s stock worth $93,545,000 after buying an additional 24,101 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Prestige Brands by 343.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,254,912 shares of the company’s stock worth $55,731,000 after buying an additional 972,038 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Prestige Brands by 200.5% during the third quarter. JPMorgan Chase & Co. now owns 1,230,714 shares of the company’s stock worth $60,685,000 after buying an additional 821,118 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of Prestige Brands during the second quarter worth approximately $36,642,000.

A number of brokerages have issued reports on PBH. KeyCorp reaffirmed an “overweight” rating and set a $43.00 target price (down previously from $54.00) on shares of Prestige Brands in a research report on Monday. DA Davidson cut Prestige Brands from a “buy” rating to a “neutral” rating and set a $79.00 target price for the company. in a research report on Friday, February 2nd. William Blair raised Prestige Brands from a “market perform” rating to an “outperform” rating in a research report on Monday, December 4th. BMO Capital Markets raised Prestige Brands from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 15th. Finally, TD Securities reiterated a “buy” rating and set a $125.00 price target on shares of Prestige Brands in a report on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $75.50.

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About Prestige Brands

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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