Oakbrook Investments LLC Buys Shares of 3,900 Prestige Brand Holdings, Inc. (PBH)

Oakbrook Investments LLC bought a new position in shares of Prestige Brand Holdings, Inc. (NYSE:PBH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,900 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently modified their holdings of PBH. Capstone Asset Management Co. increased its position in Prestige Brand Holdings by 1.2% in the second quarter. Capstone Asset Management Co. now owns 6,106 shares of the company’s stock worth $322,000 after buying an additional 70 shares during the period. Advantus Capital Management Inc increased its position in Prestige Brand Holdings by 3.0% in the first quarter. Advantus Capital Management Inc now owns 6,777 shares of the company’s stock worth $377,000 after buying an additional 199 shares during the period. State Treasurer State of Michigan increased its position in Prestige Brand Holdings by 0.9% in the first quarter. State Treasurer State of Michigan now owns 21,500 shares of the company’s stock worth $1,195,000 after buying an additional 200 shares during the period. Arizona State Retirement System increased its position in Prestige Brand Holdings by 0.9% in the first quarter. Arizona State Retirement System now owns 22,000 shares of the company’s stock worth $1,222,000 after buying an additional 200 shares during the period. Finally, Flinton Capital Management LLC increased its position in Prestige Brand Holdings by 4.2% in the first quarter. Flinton Capital Management LLC now owns 5,904 shares of the company’s stock worth $328,000 after buying an additional 240 shares during the period. 97.88% of the stock is owned by institutional investors and hedge funds.

Prestige Brand Holdings, Inc. (NYSE PBH) opened at 50.57 on Friday. Prestige Brand Holdings, Inc. has a 52 week low of $44.64 and a 52 week high of $59.63. The stock has a 50 day moving average price of $51.90 and a 200-day moving average price of $54.05. The stock has a market cap of $2.68 billion, a P/E ratio of 24.97 and a beta of 1.18.

Prestige Brand Holdings (NYSE:PBH) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.03. Prestige Brand Holdings had a net margin of 11.70% and a return on equity of 16.06%. The firm had revenue of $256.57 million for the quarter, compared to analysts’ expectations of $255.64 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, equities analysts anticipate that Prestige Brand Holdings, Inc. will post $2.64 EPS for the current fiscal year.

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A number of equities analysts have issued reports on the company. BidaskClub upgraded Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 17th. DA Davidson reiterated a “buy” rating and set a $79.00 price target on shares of Prestige Brand Holdings in a research note on Monday, May 8th. Jefferies Group LLC reiterated a “hold” rating and set a $54.00 price target on shares of Prestige Brand Holdings in a research note on Friday, July 14th. Zacks Investment Research upgraded Prestige Brand Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th. Finally, Raymond James Financial, Inc. upgraded Prestige Brand Holdings from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a research note on Monday, May 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $64.50.

In other news, SVP Jean A. Boyko sold 12,876 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $52.12, for a total transaction of $671,097.12. Following the sale, the senior vice president now owns 26,566 shares in the company, valued at $1,384,619.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.98% of the company’s stock.

About Prestige Brand 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.

Institutional Ownership by Quarter for Prestige Brand Holdings (NYSE:PBH)

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