Edgewell Personal Care (NYSE:EPC) Price Target Cut to $36.00 by Analysts at Barclays

Edgewell Personal Care (NYSE:EPC) had its price objective trimmed by Barclays from $37.00 to $36.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

EPC has been the subject of several other research reports. UBS Group reduced their price target on shares of Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. StockNews.com downgraded shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Truist Financial lowered their target price on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.40.

Edgewell Personal Care Stock Down 0.2 %

Shares of NYSE EPC opened at $36.10 on Monday. Edgewell Personal Care has a 52-week low of $33.27 and a 52-week high of $41.50. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 18.42 and a beta of 0.86. The stock has a 50 day moving average price of $35.92 and a 200 day moving average price of $38.04. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 1.66.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $517.60 million for the quarter, compared to the consensus estimate of $535.23 million. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 EPS. Sell-side analysts expect that Edgewell Personal Care will post 3.22 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.60 annualized dividend and a yield of 1.66%. Edgewell Personal Care’s dividend payout ratio (DPR) is 30.61%.

Hedge Funds Weigh In On Edgewell Personal Care

A number of large investors have recently made changes to their positions in EPC. BNP Paribas Financial Markets grew its stake in Edgewell Personal Care by 91.5% during the 1st quarter. BNP Paribas Financial Markets now owns 27,175 shares of the company’s stock worth $1,050,000 after buying an additional 12,988 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Edgewell Personal Care during the first quarter worth about $568,000. SG Americas Securities LLC increased its holdings in shares of Edgewell Personal Care by 15.0% during the first quarter. SG Americas Securities LLC now owns 9,600 shares of the company’s stock valued at $371,000 after acquiring an additional 1,255 shares in the last quarter. Sei Investments Co. raised its position in shares of Edgewell Personal Care by 4.0% in the 1st quarter. Sei Investments Co. now owns 397,040 shares of the company’s stock valued at $15,342,000 after purchasing an additional 15,131 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Edgewell Personal Care by 25.5% in the 1st quarter. Russell Investments Group Ltd. now owns 40,431 shares of the company’s stock worth $1,562,000 after purchasing an additional 8,214 shares in the last quarter. 91.91% of the stock is owned by institutional investors and hedge funds.

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.