Edgewell Personal Care (NYSE:EPC) Price Target Lowered to $37.00 at Wells Fargo & Company

Edgewell Personal Care (NYSE:EPC) had its target price reduced by Wells Fargo & Company from $42.00 to $37.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently commented on EPC. Barclays cut their price target on shares of Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. 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 price target on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Edgewell Personal Care currently has a consensus rating of “Moderate Buy” and an average target price of $41.20.

Edgewell Personal Care Stock Down 0.2 %

EPC stock opened at $32.05 on Tuesday. Edgewell Personal Care has a fifty-two week low of $31.50 and a fifty-two week high of $41.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.81. The business has a 50-day moving average of $35.24 and a 200-day moving average of $36.95. The stock has a market capitalization of $1.56 billion, a P/E ratio of 16.35 and a beta of 0.89.

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

Edgewell Personal Care Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.60 annualized dividend and a yield of 1.87%. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 30.61%.

Hedge Funds Weigh In On Edgewell Personal Care

Several institutional investors and hedge funds have recently made changes to their positions in EPC. Empowered Funds LLC acquired a new position in Edgewell Personal Care in the 3rd quarter valued at $6,128,000. Dimensional Fund Advisors LP grew its stake in shares of Edgewell Personal Care by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,620,865 shares of the company’s stock valued at $145,524,000 after acquiring an additional 24,513 shares in the last quarter. Chartwell Investment Partners LLC increased its position in Edgewell Personal Care by 54.3% during the third quarter. Chartwell Investment Partners LLC now owns 211,056 shares of the company’s stock worth $7,670,000 after acquiring an additional 74,315 shares during the period. Sei Investments Co. raised its stake in Edgewell Personal Care by 6.8% in the 2nd quarter. Sei Investments Co. now owns 424,159 shares of the company’s stock worth $17,045,000 after purchasing an additional 27,119 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Edgewell Personal Care in the 2nd quarter valued at about $569,000. Institutional investors and hedge funds 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.