Edgewell Personal Care (NYSE:EPC) Price Target Lowered to $37.00 at Barclays

Edgewell Personal Care (NYSE:EPC) had its price objective trimmed by Barclays from $40.00 to $37.00 in a report released on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts also recently issued reports on the company. UBS Group lowered their price objective on Edgewell Personal Care from $42.00 to $40.00 and set a neutral rating for the company in a research note on Wednesday, August 7th. 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 two have assigned a buy rating to the stock. Based on data from MarketBeat, Edgewell Personal Care currently has a consensus rating of Hold and a consensus target price of $41.20.

Edgewell Personal Care Stock Up 0.8 %

Shares of NYSE EPC opened at $35.13 on Friday. The company has a current ratio of 1.79, a quick ratio of 0.94 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 14.70 and a beta of 0.86. Edgewell Personal Care has a 12 month low of $33.27 and a 12 month high of $41.50. The stock has a 50-day moving average price of $37.23 and a two-hundred day moving average price of $38.21.

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

Edgewell Personal Care Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 4th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Wednesday, September 4th. Edgewell Personal Care’s dividend payout ratio is presently 25.10%.

Institutional Trading of Edgewell Personal Care

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC increased its position in Edgewell Personal Care by 17.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 35,389 shares of the company’s stock valued at $1,286,000 after purchasing an additional 5,289 shares during the period. Exchange Traded Concepts LLC increased its position in Edgewell Personal Care by 9.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 19,138 shares of the company’s stock valued at $695,000 after purchasing an additional 1,591 shares during the period. Inspire Investing LLC increased its position in Edgewell Personal Care by 28.8% during the 3rd quarter. Inspire Investing LLC now owns 11,308 shares of the company’s stock valued at $411,000 after purchasing an additional 2,526 shares during the period. Handelsbanken Fonder AB increased its position in Edgewell Personal Care by 72.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 16,202 shares of the company’s stock valued at $589,000 after purchasing an additional 6,800 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Edgewell Personal Care during the 2nd quarter valued at approximately $660,000. Institutional investors and hedge funds own 91.91% of the company’s stock.

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.