Edgewell Personal Care (NYSE:EPC) Price Target Cut to $36.00 by Analysts at UBS Group

Edgewell Personal Care (NYSE:EPC) had its price target decreased by UBS Group from $40.00 to $36.00 in a research report released on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities analysts have also weighed in on the stock. StockNews.com lowered shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Barclays lowered their price objective on shares of Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Wells Fargo & Company lowered their price objective on shares of Edgewell Personal Care from $42.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Truist Financial lowered their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.40.

Edgewell Personal Care Stock Performance

Shares of EPC opened at $33.29 on Thursday. The company has a current ratio of 1.66, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. The firm has a market cap of $1.62 billion, a PE ratio of 16.98 and a beta of 0.89. The company’s 50 day simple moving average is $34.78 and its 200-day simple moving average is $36.61. Edgewell Personal Care has a 12-month low of $31.20 and a 12-month high of $41.50.

Edgewell Personal Care (NYSE:EPC) last announced its earnings results on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $517.60 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. As a group, equities analysts predict that Edgewell Personal Care will post 3.21 EPS for the current year.

Edgewell Personal Care Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, December 3rd. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 30.61%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Prospera Private Wealth LLC acquired a new position in shares of Edgewell Personal Care during the 3rd quarter worth $48,000. Acadian Asset Management LLC acquired a new position in shares of Edgewell Personal Care during the 2nd quarter worth $53,000. Canada Pension Plan Investment Board acquired a new position in Edgewell Personal Care in the 2nd quarter valued at about $84,000. Blue Trust Inc. raised its stake in Edgewell Personal Care by 14.0% in the 3rd quarter. Blue Trust Inc. now owns 2,697 shares of the company’s stock valued at $108,000 after purchasing an additional 332 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Edgewell Personal Care by 33.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company’s stock valued at $101,000 after purchasing an additional 693 shares during the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.

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.