Prestige Brands Holdings, Inc. (NYSE:PBH)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $33.06 and last traded at $33.11, with a volume of 373034 shares changing hands. The stock had previously closed at $33.85.
Several equities analysts have recently commented on the company. KeyCorp lowered their price objective on Prestige Brands from $54.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, February 5th. DA Davidson downgraded Prestige Brands from a “buy” rating to a “neutral” rating and set a $79.00 price objective on the stock. in a research report on Friday, February 2nd. William Blair upgraded Prestige Brands from a “market perform” rating to an “outperform” rating in a research report on Monday, December 4th. BMO Capital Markets upgraded Prestige Brands from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 15th. Finally, TheStreet downgraded Prestige Brands from a “b-” rating to a “c+” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Prestige Brands presently has a consensus rating of “Buy” and a consensus target price of $75.50.
The company has a quick ratio of 1.43, a current ratio of 2.19 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $1,795.36, a PE ratio of 4.52, a P/E/G ratio of 1.38 and a beta of 1.06.
In related news, SVP William P’pool acquired 1,500 shares of Prestige Brands stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $33.90 per share, with a total value of $50,850.00. Following the completion of the purchase, the senior vice president now directly owns 6,600 shares of the company’s stock, valued at approximately $223,740. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Natale S. Ricciardi acquired 3,000 shares of Prestige Brands stock in a transaction on Wednesday, February 7th. The shares were bought at an average cost of $37.04 per share, for a total transaction of $111,120.00. Following the completion of the purchase, the director now directly owns 7,806 shares of the company’s stock, valued at $289,134.24. The disclosure for this purchase can be found here. Insiders purchased 19,000 shares of company stock worth $679,575 over the last quarter. 0.98% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of PBH. Wells Fargo & Company MN increased its stake in 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 acquiring an additional 972,038 shares during the last quarter. JPMorgan Chase & Co. increased its stake in 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 acquiring an additional 821,118 shares during the last quarter. Champlain Investment Partners LLC increased its stake in Prestige Brands by 77.9% during the fourth quarter. Champlain Investment Partners LLC now owns 1,126,615 shares of the company’s stock worth $50,033,000 after acquiring an additional 493,365 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its stake in Prestige Brands by 32.9% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,559,828 shares of the company’s stock worth $69,272,000 after acquiring an additional 385,950 shares during the last quarter. Finally, Carillon Tower Advisers Inc. bought a new stake in Prestige Brands during the fourth quarter worth approximately $404,163,000.
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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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