Stock Traders Purchase Large Volume of Call Options on Edgewell Personal Care (NYSE:EPC)

Edgewell Personal Care Co (NYSE:EPC) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 2,734 call options on the stock. This is an increase of approximately 1,011% compared to the average volume of 246 call options.

Several equities analysts have recently commented on EPC shares. Wells Fargo & Company started coverage on shares of Edgewell Personal Care in a report on Monday, December 7th. They issued an “underweight” rating and a $30.00 target price on the stock. Zacks Investment Research raised shares of Edgewell Personal Care from a “sell” rating to a “hold” rating in a report on Wednesday, February 10th. Royal Bank of Canada boosted their target price on shares of Edgewell Personal Care from $36.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, November 19th. Morgan Stanley boosted their target price on shares of Edgewell Personal Care from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, November 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Edgewell Personal Care from $34.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, November 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $38.14.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Boyar Asset Management Inc. raised its stake in shares of Edgewell Personal Care by 4.2% in the third quarter. Boyar Asset Management Inc. now owns 10,320 shares of the company’s stock valued at $288,000 after acquiring an additional 420 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Edgewell Personal Care by 18.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,530 shares of the company’s stock valued at $122,000 after acquiring an additional 550 shares during the period. Confluence Investment Management LLC raised its stake in shares of Edgewell Personal Care by 0.4% in the fourth quarter. Confluence Investment Management LLC now owns 162,535 shares of the company’s stock valued at $5,620,000 after acquiring an additional 578 shares during the period. Captrust Financial Advisors raised its stake in shares of Edgewell Personal Care by 554.5% in the fourth quarter. Captrust Financial Advisors now owns 720 shares of the company’s stock valued at $25,000 after acquiring an additional 610 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Edgewell Personal Care by 6.0% in the third quarter. Federated Hermes Inc. now owns 13,616 shares of the company’s stock valued at $380,000 after acquiring an additional 773 shares during the period. 92.30% of the stock is currently owned by institutional investors and hedge funds.

Edgewell Personal Care stock traded down $0.38 during mid-day trading on Tuesday, reaching $32.27. 874,473 shares of the company’s stock traded hands, compared to its average volume of 517,731. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 2.74 and a beta of 0.95. The stock has a 50 day moving average of $33.96 and a two-hundred day moving average of $32.00. The company has a quick ratio of 1.31, a current ratio of 1.93 and a debt-to-equity ratio of 0.86. Edgewell Personal Care has a 12-month low of $20.51 and a 12-month high of $37.36.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings results on Monday, February 8th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.18. The company had revenue of $451.10 million for the quarter, compared to the consensus estimate of $431.88 million. Edgewell Personal Care had a net margin of 3.47% and a return on equity of 10.83%. Edgewell Personal Care’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. As a group, sell-side analysts forecast that Edgewell Personal Care will post 2.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 6th. Stockholders of record on Friday, March 5th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, March 4th. Edgewell Personal Care’s dividend payout ratio is currently 21.98%.

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.

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