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

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

EPC has been the topic of several other research reports. 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. StockNews.com downgraded Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Barclays reduced their price objective on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Edgewell Personal Care presently has an average rating of “Moderate Buy” and a consensus target price of $41.20.

Edgewell Personal Care Price Performance

Shares of NYSE EPC opened at $32.25 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.66 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $1.57 billion, a PE ratio of 16.45 and a beta of 0.88. The stock’s 50 day moving average price is $35.17 and its 200-day moving average price is $36.92. Edgewell Personal Care has a twelve month low of $31.43 and a twelve month high of $41.50.

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

Edgewell Personal Care Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.86%. Edgewell Personal Care’s payout ratio is 30.61%.

Hedge Funds Weigh In On Edgewell Personal Care

A number of large investors have recently made changes to their positions in EPC. Clearstead Trust LLC bought a new position in Edgewell Personal Care in the 2nd quarter worth about $33,000. Prospera Private Wealth LLC bought a new position in shares of Edgewell Personal Care in the third quarter valued at approximately $48,000. Acadian Asset Management LLC purchased a new position in Edgewell Personal Care during the second quarter valued at approximately $53,000. Canada Pension Plan Investment Board bought a new stake in Edgewell Personal Care during the 2nd quarter worth approximately $84,000. Finally, Blue Trust Inc. lifted 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 worth $108,000 after purchasing an additional 332 shares in the last quarter. 91.91% of the stock is owned by institutional investors.

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.