Wells Fargo & Company Cuts Edgewell Personal Care (NYSE:EPC) Price Target to $35.00

Edgewell Personal Care (NYSE:EPC) had its price target lowered by Wells Fargo & Company from $37.00 to $35.00 in a report published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages have also weighed in on EPC. Barclays cut their target price on shares of Edgewell Personal Care from $36.00 to $33.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Truist Financial cut their target price on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, UBS Group cut their target price on shares of Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Edgewell Personal Care presently has a consensus rating of “Hold” and a consensus price target of $36.57.

Edgewell Personal Care Price Performance

EPC opened at $29.72 on Tuesday. The firm has a market cap of $1.45 billion, a P/E ratio of 15.16 and a beta of 0.88. The firm has a 50-day moving average of $33.27 and a 200 day moving average of $35.55. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66. Edgewell Personal Care has a fifty-two week low of $26.65 and a fifty-two week high of $41.50.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. On average, research analysts expect that Edgewell Personal Care will post 3.19 EPS for the current year.

Edgewell Personal Care Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a $0.15 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.02%. Edgewell Personal Care’s dividend payout ratio (DPR) is currently 30.61%.

Hedge Funds Weigh In On Edgewell Personal Care

Large investors have recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position in shares of Edgewell Personal Care by 85.9% in the fourth quarter. Quadrant Capital Group LLC now owns 751 shares of the company’s stock valued at $25,000 after acquiring an additional 347 shares during the period. R Squared Ltd bought a new position in shares of Edgewell Personal Care in the fourth quarter valued at approximately $36,000. Wolverine Asset Management LLC boosted its position in shares of Edgewell Personal Care by 217.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company’s stock valued at $39,000 after acquiring an additional 800 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Edgewell Personal Care in the third quarter valued at approximately $48,000. Finally, Sterling Capital Management LLC boosted its position in shares of Edgewell Personal Care by 805.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,531 shares of the company’s stock valued at $51,000 after acquiring an additional 1,362 shares during the period. 91.91% of the stock is currently owned by institutional investors.

About Edgewell Personal Care

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.