Edgewell Personal Care Co (NYSE:EPC) Receives $42.40 Consensus Price Target from Brokerages

Edgewell Personal Care Co (NYSE:EPC) has been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $42.40.

A number of analysts recently issued reports on EPC shares. StockNews.com cut Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. UBS Group decreased their price objective on Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Barclays decreased their price objective on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Finally, Truist Financial decreased their price objective on 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.

Hedge Funds Weigh In On Edgewell Personal Care

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Edgewell Personal Care by 63.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 664,902 shares of the company’s stock valued at $24,163,000 after buying an additional 259,200 shares in the last quarter. Brandes Investment Partners LP increased its holdings in shares of Edgewell Personal Care by 19.7% in the second quarter. Brandes Investment Partners LP now owns 1,529,647 shares of the company’s stock valued at $61,545,000 after buying an additional 252,235 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Edgewell Personal Care in the third quarter valued at $6,128,000. LSV Asset Management increased its holdings in shares of Edgewell Personal Care by 16.6% in the second quarter. LSV Asset Management now owns 1,071,354 shares of the company’s stock valued at $43,058,000 after buying an additional 152,200 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Edgewell Personal Care by 563.6% in the third quarter. Barclays PLC now owns 148,553 shares of the company’s stock valued at $5,400,000 after buying an additional 126,168 shares in the last quarter. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Edgewell Personal Care Trading Down 0.7 %

EPC opened at $34.73 on Friday. Edgewell Personal Care has a one year low of $33.27 and a one year high of $41.50. The company has a market cap of $1.71 billion, a P/E ratio of 17.72 and a beta of 0.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66. The business’s 50-day simple moving average is $35.56 and its 200-day simple moving average is $37.97.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The business had revenue of $517.60 million for the quarter, compared to the consensus estimate of $535.23 million. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, equities research analysts expect that Edgewell Personal Care will post 3.21 EPS for the current fiscal year.

Edgewell Personal Care Announces Dividend

The business 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 dividend on an annualized basis and a yield of 1.73%. Edgewell Personal Care’s payout ratio is currently 30.61%.

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.