Edgewell Personal Care (NYSE:EPC) Price Target Cut to $33.00 by Analysts at Barclays

Edgewell Personal Care (NYSE:EPC) had its price objective lowered by Barclays from $36.00 to $33.00 in a research report released on Friday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Wells Fargo & Company lowered their price target on Edgewell Personal Care from $42.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Truist Financial decreased their price objective on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, UBS Group dropped their target price on shares of Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.80.

Edgewell Personal Care Stock Performance

Shares of Edgewell Personal Care stock opened at $33.76 on Friday. The firm has a fifty day moving average of $34.73 and a two-hundred day moving average of $36.57. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 17.22 and a beta of 0.89. Edgewell Personal Care has a 52 week low of $31.20 and a 52 week high of $41.50.

Edgewell Personal Care (NYSE:EPC) last released its 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 firm had revenue of $517.60 million for the quarter, compared to analyst estimates of $535.23 million. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. As a group, equities research analysts predict that Edgewell Personal Care will post 3.21 EPS for the current year.

Edgewell Personal Care Dividend Announcement

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

Institutional Trading of Edgewell Personal Care

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

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.