Sei Investments Co. Buys 5,013 Shares of Prestige Brand Holdings, Inc. (PBH)

Sei Investments Co. increased its stake in shares of Prestige Brand Holdings, Inc. (NYSE:PBH) by 20.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,442 shares of the company’s stock after buying an additional 5,013 shares during the quarter. Sei Investments Co. owned about 0.06% of Prestige Brand worth $1,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Prestige Brand by 10.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the company’s stock valued at $110,000 after purchasing an additional 205 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in shares of Prestige Brand by 2.4% during the second quarter. First Mercantile Trust Co. now owns 2,116 shares of the company’s stock valued at $112,000 after purchasing an additional 50 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Prestige Brand by 90.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock valued at $117,000 after buying an additional 1,055 shares during the period. Advisor Group Inc. raised its position in Prestige Brand by 33.2% during the second quarter. Advisor Group Inc. now owns 2,285 shares of the company’s stock valued at $120,000 after buying an additional 570 shares during the period. Finally, Riverhead Capital Management LLC raised its position in Prestige Brand by 78.6% during the second quarter. Riverhead Capital Management LLC now owns 3,394 shares of the company’s stock valued at $179,000 after buying an additional 1,494 shares during the period. Hedge funds and other institutional investors own 98.56% of the company’s stock.

Shares of Prestige Brand Holdings, Inc. (NYSE:PBH) traded down $0.87 during trading hours on Wednesday, reaching $46.80. The company had a trading volume of 548,700 shares, compared to its average volume of 426,523. Prestige Brand Holdings, Inc. has a 1 year low of $40.11 and a 1 year high of $59.63. The company has a market cap of $2,528.36, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.32 and a current ratio of 2.06.

Prestige Brand (NYSE:PBH) last announced its earnings results on Thursday, November 2nd. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.05). Prestige Brand had a net margin of 11.03% and a return on equity of 15.32%. The business had revenue of $258.00 million for the quarter, compared to the consensus estimate of $267.12 million. During the same quarter in the previous year, the company earned $0.63 EPS. Prestige Brand’s revenue for the quarter was up 19.9% compared to the same quarter last year. research analysts predict that Prestige Brand Holdings, Inc. will post 2.62 EPS for the current fiscal year.

PBH has been the topic of several recent analyst reports. TD Securities reissued a “buy” rating and set a $125.00 price target on shares of Prestige Brand in a research report on Thursday, November 23rd. BMO Capital Markets reissued a “buy” rating and set a $118.00 price target on shares of Prestige Brand in a research report on Thursday, November 23rd. KeyCorp set a $61.00 price target on Prestige Brand and gave the company a “buy” rating in a research report on Monday, October 16th. DA Davidson set a $79.00 target price on Prestige Brand and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, Zacks Investment Research raised Prestige Brand from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $77.75.

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Prestige Brand Company Profile

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 (NYSE:PBH)

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