Edgewell Personal Care (NYSE:EPC) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Edgewell Personal Care (NYSE:EPC) from a buy rating to a hold rating in a research report released on Friday morning.

Other research analysts have also recently issued reports about the stock. Barclays lowered their target price on shares of Edgewell Personal Care from $41.00 to $40.00 and set an equal weight rating on the stock in a report on Wednesday, August 7th. UBS Group cut their target price 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $41.80.

Edgewell Personal Care Price Performance

Shares of NYSE EPC opened at $36.28 on Friday. The business’s 50 day moving average is $38.70 and its 200-day moving average is $38.49. The firm has a market cap of $1.80 billion, a P/E ratio of 15.18 and a beta of 0.87. Edgewell Personal Care has a 1-year low of $33.71 and a 1-year high of $41.50. The company has a current ratio of 1.79, a quick ratio of 0.94 and a debt-to-equity ratio of 0.82.

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

Edgewell Personal Care Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 4th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.65%. Edgewell Personal Care’s payout ratio is 25.10%.

Institutional Trading of Edgewell Personal Care

Several large investors have recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its holdings in shares of Edgewell Personal Care by 82.2% in the fourth quarter. Quadrant Capital Group LLC now owns 698 shares of the company’s stock worth $26,000 after acquiring an additional 315 shares during the last quarter. Clearstead Trust LLC bought a new position in Edgewell Personal Care in the 2nd quarter valued at approximately $33,000. Northwest Investment Counselors LLC acquired a new stake in Edgewell Personal Care in the first quarter valued at approximately $35,000. TFO Wealth Partners LLC grew its stake in shares of Edgewell Personal Care by 32,900.0% during the fourth quarter. TFO Wealth Partners LLC now owns 990 shares of the company’s stock worth $36,000 after buying an additional 987 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Edgewell Personal Care during the second quarter worth $53,000. 91.91% of the stock is owned by institutional investors and hedge funds.

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.