Nordea Investment Management AB Acquires 5,287 Shares of Prestige Consumer Healthcare Inc. (NYSE:PBH)

June 26, 2022 Off By administrator

Nordea Investment Management AB increased its holdings in shares of Prestige Consumer Healthcare Inc. (NYSE:PBH – Get Rating) by 3.9% during the first quarter, HoldingsChannel reports. The firm owned 141,625 shares of the company’s stock after buying an additional 5,287 shares during the period. Nordea Investment Management AB’s holdings in Prestige Consumer Healthcare were worth $7,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of PBH. EverSource Wealth Advisors LLC bought a new position in Prestige Consumer Healthcare in the fourth quarter valued at about $26,000. Rockefeller Capital Management L.P. lifted its holdings in Prestige Consumer Healthcare by 54.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 843 shares of the company’s stock valued at $51,000 after acquiring an additional 297 shares during the period. Point72 Hong Kong Ltd lifted its holdings in Prestige Consumer Healthcare by 1,705.4% in the fourth quarter. Point72 Hong Kong Ltd now owns 1,679 shares of the company’s stock valued at $102,000 after acquiring an additional 1,586 shares during the period. Okabena Investment Services Inc. bought a new position in Prestige Consumer Healthcare in the fourth quarter valued at about $114,000. Finally, Islay Capital Management LLC bought a new position in Prestige Consumer Healthcare in the fourth quarter valued at about $129,000.

Shares of PBH opened at $58.90 on Friday. The company has a quick ratio of 1.21, a current ratio of 2.04 and a debt-to-equity ratio of 0.94. The business has a 50-day simple moving average of $55.30 and a two-hundred day simple moving average of $56.86. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 1.69 and a beta of 0.58. Prestige Consumer Healthcare Inc. has a 52 week low of $50.40 and a 52 week high of $63.83.

Prestige Consumer Healthcare (NYSE:PBH – Get Rating) last released its earnings results on Thursday, May 5th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.02. Prestige Consumer Healthcare had a return on equity of 13.82% and a net margin of 18.90%. The firm had revenue of $266.94 million during the quarter, compared to analysts’ expectations of $258.25 million. During the same quarter last year, the business posted $0.79 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. On average, equities analysts anticipate that Prestige Consumer Healthcare Inc. will post 4.19 earnings per share for the current fiscal year.

A number of research analysts have weighed in on PBH shares. Oppenheimer raised Prestige Consumer Healthcare from a “market perform” rating to an “outperform” rating and set a $63.00 target price on the stock in a report on…

(Excerpt) To read the full article , click here
Image credit: source