Barclays Cuts Edgewell Personal Care (NYSE:EPC) Price Target to $33.00

Edgewell Personal Care (NYSE:EPC) had its price objective cut by Barclays from $36.00 to $33.00 in a report published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also weighed in on EPC. Truist Financial dropped their price objective on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Wells Fargo & Company cut their price objective on shares of Edgewell Personal Care from $42.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. StockNews.com downgraded shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Friday, September 20th. 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 note on Thursday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.80.

Edgewell Personal Care Stock Up 1.7 %

EPC stock opened at $33.76 on Friday. The business’s 50-day moving average price is $34.73 and its 200-day moving average price is $36.52. The stock has a market cap of $1.64 billion, a P/E ratio of 17.22 and a beta of 0.89. The company has a quick ratio of 0.81, a current ratio of 1.66 and a debt-to-equity ratio of 0.80. Edgewell Personal Care has a twelve month low of $31.20 and a twelve month high of $41.50.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate 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 net margin of 4.38% and a return on equity of 9.78%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, equities research analysts forecast that Edgewell Personal Care will post 3.21 EPS for the current year.

Edgewell Personal Care Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 3rd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Tuesday, December 3rd. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 30.61%.

Institutional Investors Weigh In On Edgewell Personal Care

A number of hedge funds have recently bought and sold shares of EPC. Acadian Asset Management LLC bought a new stake in shares of Edgewell Personal Care in the 2nd quarter worth about $53,000. Dimensional Fund Advisors LP increased its stake in Edgewell Personal Care by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,620,865 shares of the company’s stock worth $145,524,000 after acquiring an additional 24,513 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Edgewell Personal Care during the second quarter valued at approximately $1,370,000. XTX Topco Ltd bought a new stake in shares of Edgewell Personal Care in the 2nd quarter valued at approximately $569,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Edgewell Personal Care in the 2nd quarter worth approximately $84,000. Hedge funds and other institutional investors own 91.91% of the company’s stock.

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.