Bank of Montreal Can lifted its position in Prestige Consumer Healthcare Inc (NYSE:PBH) by 135.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,067 shares of the company’s stock after purchasing an additional 1,767 shares during the period. Bank of Montreal Can’s holdings in Prestige Consumer Healthcare were worth $118,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Prestige Consumer Healthcare by 21.4% during the 1st quarter. JPMorgan Chase & Co. now owns 2,327,787 shares of the company’s stock valued at $78,492,000 after acquiring an additional 410,969 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Prestige Consumer Healthcare by 19.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,323,522 shares of the company’s stock valued at $78,349,000 after acquiring an additional 379,485 shares during the period. Royal Bank of Canada grew its stake in shares of Prestige Consumer Healthcare by 81.4% during the 1st quarter. Royal Bank of Canada now owns 2,027,327 shares of the company’s stock valued at $68,362,000 after acquiring an additional 909,507 shares during the period. Wells Fargo & Company MN grew its stake in shares of Prestige Consumer Healthcare by 46.4% during the 1st quarter. Wells Fargo & Company MN now owns 1,837,285 shares of the company’s stock valued at $61,954,000 after acquiring an additional 582,373 shares during the period. Finally, Champlain Investment Partners LLC grew its stake in shares of Prestige Consumer Healthcare by 57.5% during the 1st quarter. Champlain Investment Partners LLC now owns 1,774,055 shares of the company’s stock valued at $59,821,000 after acquiring an additional 647,440 shares during the period.
A number of brokerages recently issued reports on PBH. Zacks Investment Research downgraded Prestige Consumer Healthcare from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 10th. Jefferies Financial Group set a $38.00 price target on Prestige Consumer Healthcare and gave the stock a “hold” rating in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $69.00.
Shares of PBH traded down $0.12 during mid-day trading on Friday, hitting $38.66. 298,986 shares of the stock were exchanged, compared to its average volume of 452,593. Prestige Consumer Healthcare Inc has a 52-week low of $27.84 and a 52-week high of $51.79. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 1.93 and a beta of 1.04. The company has a debt-to-equity ratio of 1.72, a current ratio of 2.21 and a quick ratio of 1.37.
Prestige Consumer Healthcare (NYSE:PBH) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The company had revenue of $253.98 million for the quarter, compared to analyst estimates of $253.70 million. Prestige Consumer Healthcare had a return on equity of 12.45% and a net margin of 32.76%. Prestige Consumer Healthcare’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. sell-side analysts expect that Prestige Consumer Healthcare Inc will post 2.86 earnings per share for the current year.
Prestige Consumer Healthcare 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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