Perrigo Company plc (NYSE:PRGO – Get Free Report) EVP Ronald Craig Janish sold 13,000 shares of Perrigo stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $29.40, for a total transaction of $382,200.00. Following the sale, the executive vice president now owns 20,553 shares of the company’s stock, valued at $604,258.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Perrigo Stock Down 0.1 %
Shares of PRGO traded down $0.04 during midday trading on Wednesday, hitting $29.23. The company had a trading volume of 789,821 shares, compared to its average volume of 1,676,283. The company’s 50-day simple moving average is $27.25 and its 200-day simple moving average is $29.06. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.24 and a current ratio of 1.99. Perrigo Company plc has a 1 year low of $24.82 and a 1 year high of $36.66. The firm has a market capitalization of $3.98 billion, a P/E ratio of -414.14 and a beta of 0.51.
Perrigo (NYSE:PRGO – Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.07. Perrigo had a negative net margin of 2.81% and a positive return on equity of 6.79%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the company earned $0.63 EPS. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. As a group, sell-side analysts expect that Perrigo Company plc will post 2.56 EPS for the current year.
Perrigo Announces Dividend
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. abrdn plc acquired a new stake in shares of Perrigo during the fourth quarter worth about $1,422,000. Signaturefd LLC raised its holdings in shares of Perrigo by 25.6% in the fourth quarter. Signaturefd LLC now owns 2,240 shares of the company’s stock valued at $72,000 after buying an additional 457 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Perrigo during the fourth quarter worth about $30,000. State of New Jersey Common Pension Fund D raised its stake in Perrigo by 18.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 82,157 shares of the company’s stock valued at $2,644,000 after acquiring an additional 12,603 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in Perrigo by 0.4% during the 4th quarter. Retirement Systems of Alabama now owns 169,715 shares of the company’s stock worth $5,461,000 after acquiring an additional 657 shares during the period. 95.91% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms recently weighed in on PRGO. StockNews.com upgraded shares of Perrigo from a “hold” rating to a “buy” rating in a report on Monday, August 5th. Piper Sandler cut their price target on shares of Perrigo from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th.
Check Out Our Latest Research Report on PRGO
About Perrigo
Perrigo Company plc provides over-the-counter health and wellness solutions to enhance individual well-being in the United States, Europe, and internationally. It operates through Consumer Self-Care Americas and Consumer Self-Care International segments. The company develops, manufactures, markets, and distributes self-care consumer products, such as upper respiratory products, including cough suppressants, expectorants, and sinus and allergy relief; nutrition products consisting of infant formulas and nutritional beverages; digestive health products, including antacids, anti-diarrheal, and anti-heartburn; pain and sleep-aids products comprising pain relievers and fever reducers; and oral care products, which include toothbrushes, toothbrush replacement heads, floss, flossers, whitening products, and toothbrush covers.
Featured Stories
- Five stocks we like better than Perrigo
- How to Buy Cheap Stocks Step by Step
- BHP Stock: The Under-the-Radar Growth Story in Commodities
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Analysts Upgrade These 3 Hot Buy-and-Hold Stocks
- Why Invest in 5G? How to Invest in 5G Stocks
- Kohl’s Charts a Resilient Path in a Challenging Retail Landscape
Receive News & Ratings for Perrigo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perrigo and related companies with MarketBeat.com's FREE daily email newsletter.