Municipal Employees Retirement System of Michigan bought a new stake in Prestige Consumer Healthcare Inc (NYSE:PBH) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 12,440 shares of the company’s stock, valued at approximately $384,000.
Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in shares of Prestige Consumer Healthcare by 6.9% during the 3rd quarter. SG Americas Securities LLC now owns 23,515 shares of the company’s stock worth $891,000 after acquiring an additional 1,525 shares during the period. JPMorgan Chase & Co. raised its position in Prestige Consumer Healthcare by 9.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,030,923 shares of the company’s stock valued at $114,842,000 after purchasing an additional 255,561 shares in the last quarter. Bank of New York Mellon Corp raised its position in Prestige Consumer Healthcare by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 671,871 shares of the company’s stock valued at $25,457,000 after purchasing an additional 19,028 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Prestige Consumer Healthcare during the 3rd quarter valued at $561,000. Finally, Tower Research Capital LLC TRC raised its position in Prestige Consumer Healthcare by 338.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,754 shares of the company’s stock valued at $142,000 after purchasing an additional 2,897 shares in the last quarter.
NYSE:PBH traded down $0.78 during mid-day trading on Wednesday, reaching $28.10. The stock had a trading volume of 39,887 shares, compared to its average volume of 593,904. Prestige Consumer Healthcare Inc has a twelve month low of $26.25 and a twelve month high of $41.76. The company has a quick ratio of 1.34, a current ratio of 2.28 and a debt-to-equity ratio of 1.49. The company has a market cap of $1.47 billion, a P/E ratio of 10.89, a PEG ratio of 1.60 and a beta of 0.98.
Prestige Consumer Healthcare (NYSE:PBH) last posted its quarterly earnings results on Thursday, February 7th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. Prestige Consumer Healthcare had a net margin of 6.44% and a return on equity of 11.85%. The company had revenue of $241.40 million during the quarter, compared to the consensus estimate of $241.40 million. During the same period last year, the firm earned $0.70 EPS. The company’s revenue for the quarter was down 10.8% on a year-over-year basis. Analysts expect that Prestige Consumer Healthcare Inc will post 2.77 EPS for the current year.
A number of equities research analysts have weighed in on the company. ValuEngine lowered Prestige Consumer Healthcare from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 10th. Zacks Investment Research upgraded Prestige Consumer Healthcare from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 2nd. Desjardins cut Prestige Consumer Healthcare to a “hold” rating and set a $88.00 price target on the stock. in a research note on Wednesday, February 13th. Raymond James cut Prestige Consumer Healthcare from an “outperform” rating to a “market perform” rating and set a $28.40 price target on the stock. in a research note on Tuesday, January 15th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $97.00 price objective on shares of Prestige Consumer Healthcare in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $54.07.
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Prestige Consumer Healthcare Company Profile
Prestige Consumer Healthcare Inc, together with its subsidiaries, develops, manufactures, markets, distributes, and sells over-the-counter (OTC) healthcare and household cleaning products in North America, Australia, and internationally. It operates in three segments: North American OTC Healthcare, International OTC Healthcare, and Household Cleaning.
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