William P’pool Purchases 1,500 Shares of Prestige Brands Holdings, Inc. (PBH) Stock

Prestige Brands Holdings, Inc. (NYSE:PBH) SVP William P’pool acquired 1,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $33.90 per share, with a total value of $50,850.00. Following the transaction, the senior vice president now directly owns 6,600 shares in the company, valued at approximately $223,740. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Prestige Brands Holdings, Inc. (NYSE PBH) traded up $0.09 on Monday, hitting $33.85. The stock had a trading volume of 849,960 shares, compared to its average volume of 938,023. The stock has a market capitalization of $1,790.59, a price-to-earnings ratio of 4.66, a P/E/G ratio of 1.38 and a beta of 1.06. Prestige Brands Holdings, Inc. has a one year low of $33.06 and a one year high of $59.63. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.19 and a quick ratio of 1.43.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBH. Carillon Tower Advisers Inc. purchased a new stake in shares of Prestige Brands during the fourth quarter worth $404,163,000. Quadrature Capital Ltd purchased a new stake in shares of Prestige Brands during the fourth quarter worth $465,000. Standard Life Aberdeen plc raised its holdings in shares of Prestige Brands by 18.9% during the fourth quarter. Standard Life Aberdeen plc now owns 1,284,487 shares of the company’s stock worth $57,044,000 after acquiring an additional 203,809 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Prestige Brands by 4.5% during the fourth quarter. OppenheimerFunds Inc. now owns 946,031 shares of the company’s stock worth $42,013,000 after acquiring an additional 40,633 shares in the last quarter. Finally, Mutual Advisors LLC purchased a new stake in shares of Prestige Brands during the fourth quarter worth $273,000.

PBH has been the subject of a number of recent research reports. KeyCorp set a $61.00 price objective on Prestige Brands and gave the company a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research lowered Prestige Brands from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Jefferies Group reduced their target price on Prestige Brands from $55.00 to $50.00 and set a “hold” rating for the company in a report on Friday, November 3rd. BMO Capital Markets upgraded Prestige Brands from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 15th. Finally, TD Securities restated a “buy” rating and issued a $125.00 target price on shares of Prestige Brands in a report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price 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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