Barclays Issues Pessimistic Forecast for Edgewell Personal Care (NYSE:EPC) Stock Price

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

Several other equities research analysts have also commented on the stock. Truist Financial reduced their price target on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. UBS Group reduced their price objective on shares of Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday. Wells Fargo & Company dropped their target price on 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, StockNews.com lowered Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Edgewell Personal Care currently has an average rating of “Moderate Buy” and an average price target of $39.80.

Edgewell Personal Care Stock Up 1.7 %

Shares of NYSE EPC opened at $33.76 on Friday. The stock has a 50 day moving average price of $34.73 and a 200 day moving average price of $36.52. The firm 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. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66.

Edgewell Personal Care (NYSE:EPC) last issued its earnings results on Thursday, November 7th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. The business had revenue of $517.60 million during the quarter, compared to analysts’ expectations of $535.23 million. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 EPS. Sell-side analysts expect that Edgewell Personal Care will post 3.21 earnings per share 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 issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.78%. The ex-dividend date was Tuesday, December 3rd. Edgewell Personal Care’s dividend payout ratio 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. Inspire Investing LLC grew its stake in Edgewell Personal Care by 17.0% during the 4th quarter. Inspire Investing LLC now owns 13,227 shares of the company’s stock worth $444,000 after buying an additional 1,919 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Edgewell Personal Care by 11.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 17,469 shares of the company’s stock worth $587,000 after acquiring an additional 1,782 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Edgewell Personal Care by 208.2% during the fourth quarter. SG Americas Securities LLC now owns 16,553 shares of the company’s stock valued at $556,000 after acquiring an additional 11,183 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Edgewell Personal Care by 6.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 669,914 shares of the company’s stock valued at $24,345,000 after purchasing an additional 39,059 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Edgewell Personal Care by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 251,422 shares of the company’s stock valued at $9,137,000 after purchasing an additional 7,018 shares during the last quarter. Hedge funds and other institutional investors 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.