Edgewell Personal Care (NYSE:EPC) Price Target Cut to $40.00

Edgewell Personal Care (NYSE:EPC) had its price objective reduced by Truist Financial from $50.00 to $40.00 in a research note released on Wednesday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

EPC has been the topic of several other research reports. Barclays dropped their price objective on Edgewell Personal Care from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, October 11th. UBS Group lowered their target price on Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, StockNews.com downgraded Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Edgewell Personal Care presently has a consensus rating of “Hold” and an average price target of $41.00.

Edgewell Personal Care Stock Down 0.4 %

Shares of NYSE:EPC opened at $35.76 on Wednesday. The company has a market capitalization of $1.77 billion, a PE ratio of 14.96 and a beta of 0.86. Edgewell Personal Care has a 1 year low of $33.27 and a 1 year high of $41.50. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 0.94. The business has a fifty day moving average price of $37.08 and a two-hundred day moving average price of $38.15.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.21. The company had revenue of $647.80 million during the quarter, compared to analyst estimates of $649.67 million. Edgewell Personal Care had a net margin of 5.26% and a return on equity of 9.92%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. Analysts forecast that Edgewell Personal Care will post 3 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.68%. Edgewell Personal Care’s payout ratio is 25.10%.

Hedge Funds Weigh In On Edgewell Personal Care

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in Edgewell Personal Care by 16.1% during the 4th quarter. Wellington Management Group LLP now owns 168,022 shares of the company’s stock worth $6,155,000 after purchasing an additional 23,330 shares in the last quarter. SageView Advisory Group LLC bought a new position in shares of Edgewell Personal Care in the fourth quarter valued at approximately $339,000. Vanguard Group Inc. boosted its position in shares of Edgewell Personal Care by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,804,147 shares of the company’s stock valued at $212,606,000 after acquiring an additional 21,915 shares during the period. Northwest Investment Counselors LLC purchased a new position in Edgewell Personal Care during the first quarter valued at approximately $35,000. Finally, ARGA Investment Management LP bought a new stake in Edgewell Personal Care during the 1st quarter worth approximately $237,000. 91.91% of the stock is owned by institutional investors.

Edgewell Personal Care Company Profile

Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.