Schwab Charles Investment Management Inc. Trims Stake in Prestige Consumer Healthcare Inc (NYSE:PBH)

Schwab Charles Investment Management Inc. trimmed its holdings in Prestige Consumer Healthcare Inc (NYSE:PBH) by 2.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 411,579 shares of the company’s stock after selling 11,335 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.80% of Prestige Consumer Healthcare worth $15,797,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in shares of Prestige Consumer Healthcare by 46.4% in 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 in the last quarter. SG Americas Securities LLC lifted its position in Prestige Consumer Healthcare by 103.2% during the first quarter. SG Americas Securities LLC now owns 16,597 shares of the company’s stock worth $560,000 after acquiring an additional 8,431 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Prestige Consumer Healthcare by 37.8% in the first quarter. Victory Capital Management Inc. now owns 7,922 shares of the company’s stock valued at $267,000 after buying an additional 2,175 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Prestige Consumer Healthcare by 277.4% in the first quarter. Prudential Financial Inc. now owns 205,660 shares of the company’s stock valued at $6,935,000 after buying an additional 151,167 shares in the last quarter. Finally, Aperio Group LLC raised its position in shares of Prestige Consumer Healthcare by 18.8% in the first quarter. Aperio Group LLC now owns 35,767 shares of the company’s stock valued at $1,206,000 after buying an additional 5,657 shares in the last quarter.

PBH stock opened at $38.29 on Tuesday. Prestige Consumer Healthcare Inc has a 12-month low of $27.84 and a 12-month high of $48.74. The firm has a market capitalization of $1.96 billion, a P/E ratio of 14.59, a PEG ratio of 1.89 and a beta of 1.09. The company has a current ratio of 2.21, a quick ratio of 1.37 and a debt-to-equity ratio of 1.72.

Prestige Consumer Healthcare (NYSE:PBH) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. Prestige Consumer Healthcare had a net margin of 32.76% and a return on equity of 12.45%. The firm had revenue of $253.98 million for the quarter, compared to analyst estimates of $253.70 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities analysts anticipate that Prestige Consumer Healthcare Inc will post 2.86 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the stock. Jefferies Financial Group set a $38.00 price objective on shares of Prestige Consumer Healthcare and gave the company a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research cut shares of Prestige Consumer Healthcare from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $71.40.

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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Institutional Ownership by Quarter for Prestige Consumer Healthcare (NYSE:PBH)

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