Truist Financial Trims Edgewell Personal Care (NYSE:EPC) Target Price to $40.00

Edgewell Personal Care (NYSE:EPC) had its price objective lowered by Truist Financial from $50.00 to $40.00 in a research note released on Wednesday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other brokerages also recently issued reports on EPC. UBS Group reduced 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. Barclays reduced their price objective on Edgewell Personal Care from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th. Finally, StockNews.com downgraded Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $41.00.

Edgewell Personal Care Trading Down 0.4 %

NYSE:EPC opened at $35.77 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. Edgewell Personal Care has a 1-year low of $33.27 and a 1-year high of $41.50. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 14.96 and a beta of 0.86. The stock has a fifty day simple moving average of $37.12 and a 200 day simple moving average of $38.16.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.22 earnings per share for the quarter, beating 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 business had revenue of $647.80 million during the quarter, compared to analyst estimates of $649.67 million. During the same quarter last year, the company posted $0.98 EPS. Edgewell Personal Care’s revenue for the quarter was down .3% on a year-over-year basis. Sell-side analysts forecast that Edgewell Personal Care will post 3 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, September 4th. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 25.10%.

Institutional Investors Weigh In On Edgewell Personal Care

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Duality Advisers LP raised its stake in shares of Edgewell Personal Care by 0.9% during the 1st quarter. Duality Advisers LP now owns 31,916 shares of the company’s stock worth $1,233,000 after purchasing an additional 281 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Edgewell Personal Care by 14.0% during the 3rd quarter. Blue Trust Inc. now owns 2,697 shares of the company’s stock worth $108,000 after purchasing an additional 332 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Edgewell Personal Care by 2.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,897 shares of the company’s stock valued at $886,000 after acquiring an additional 571 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Edgewell Personal Care by 6.1% in the 1st quarter. ProShare Advisors LLC now owns 10,051 shares of the company’s stock valued at $388,000 after acquiring an additional 574 shares in the last quarter. Finally, Clearstead Trust LLC bought a new position in shares of Edgewell Personal Care in the 2nd quarter valued at approximately $33,000. 91.91% of the stock is owned by hedge funds and other institutional investors.

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.