Nichols Asset Management Lowers stake in PRESTIGE BRANDS HOLDINGS INC COM (PBH)

PRESTIGE BRANDS HOLDINGS INC COM (PBH) : Nichols Asset Management reduced its stake in PRESTIGE BRANDS HOLDINGS INC COM by 0.82% during the most recent quarter end. The investment management company now holds a total of 214,603 shares of PRESTIGE BRANDS HOLDINGS INC COM which is valued at $12,180,866 after selling 1,771 shares in PRESTIGE BRANDS HOLDINGS INC COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.PRESTIGE BRANDS HOLDINGS INC COM makes up approximately 2.63% of Nichols Asset Management’s portfolio.

PRESTIGE BRANDS HOLDINGS INC COM opened for trading at $57.27 and hit $57.67 on the upside on Wednesday, eventually ending the session at $57.44, with a gain of 0.31% or 0.18 points. The heightened volatility saw the trading volume jump to 2,73,269 shares. Company has a market cap of $3,030 M.

Other Hedge Funds, Including , Transamerica Financial Advisors boosted its stake in PBH in the latest quarter, The investment management firm added 137 additional shares and now holds a total of 2,199 shares of PRESTIGE BRANDS HOLDINGS INC COM which is valued at $124,815. PRESTIGE BRANDS HOLDINGS INC COM makes up approx 0.01% of Transamerica Financial Advisors’s portfolio. Sigma Planning Corp added PBH to its portfolio by purchasing 9,134 company shares during the most recent quarter which is valued at $518,446. PRESTIGE BRANDS HOLDINGS INC COM makes up approx 0.07% of Sigma Planning Corp’s portfolio.Falcon Point Capital boosted its stake in PBH in the latest quarter, The investment management firm added 56,447 additional shares and now holds a total of 209,624 shares of PRESTIGE BRANDS HOLDINGS INC COM which is valued at $11,837,467. PRESTIGE BRANDS HOLDINGS INC COM makes up approx 2.09% of Falcon Point Capital’s portfolio.Benjamin F. Edwards Company reduced its stake in PBH by selling 44 shares or 12.46% in the most recent quarter. The Hedge Fund company now holds 309 shares of PBH which is valued at $17,449.Ct Mason boosted its stake in PBH in the latest quarter, The investment management firm added 6,195 additional shares and now holds a total of 51,649 shares of PRESTIGE BRANDS HOLDINGS INC COM which is valued at $2,869,102. PRESTIGE BRANDS HOLDINGS INC COM makes up approx 1.30% of Ct Mason’s portfolio.

On the company’s financial health, PRESTIGE BRANDS HOLDINGS INC COM reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.49. The company had revenue of $200.20 million for the quarter, compared to analysts expectations of $198.06 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Many Wall Street Analysts have commented on PRESTIGE BRANDS HOLDINGS INC COM. KeyBanc Capital Mkts Initiated PRESTIGE BRANDS HOLDINGS INC COM on Mar 8, 2016 to “Overweight”, Price Target of the shares are set at $60.Piper Jaffray Initiated PRESTIGE BRANDS HOLDINGS INC COM on Feb 5, 2016 to “Overweight”, Price Target of the shares are set at $58.

Prestige Brands Holdings Inc. (Prestige) is a holding company. The Company is engaged in the marketing sales and distribution of brand name over-the-counter (OTC) healthcare and household cleaning products to mass merchandisers drug stores supermarkets and club convenience and dollar stores in North America (the United States and Canada) and in Australia and certain other international markets. The Company operates through three segments: North American OTC Healthcare International OTC Healthcare and Household Cleaning. The Company’s major brands include Chloraseptic Clear Eyes Compound W Dramamine Efferdent Little Remedies Luden’s The Doctor’s NightGuard The Doctor’s Brushpicks BC/Goody’s Beano Debrox Gaviscon Dermoplast New-Skin Fiber Choice Ecotrin Fess Hydralyte Monistat e.p.t Nix Chore Boy Comet and Spic and Span. The Company distributes across major retail channels including mass merchandisers food drug dollar convenience and club stores.

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