Brokerages Set Edgewell Personal Care Co (NYSE:EPC) Target Price at $42.40

Edgewell Personal Care Co (NYSE:EPC) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $41.20.

EPC has been the subject of several analyst reports. StockNews.com cut Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Truist Financial cut their price objective on shares of 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. Wells Fargo & Company reduced their target price on shares of Edgewell Personal Care from $42.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Barclays cut their price target on shares of 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.

Edgewell Personal Care Trading Up 0.6 %

Shares of Edgewell Personal Care stock opened at $32.25 on Friday. 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 company has a market capitalization of $1.57 billion, a P/E ratio of 16.45 and a beta of 0.89. Edgewell Personal Care has a 1 year low of $31.43 and a 1 year high of $41.50. The company’s fifty day moving average is $35.17 and its two-hundred day moving average is $36.92.

Edgewell Personal Care (NYSE:EPC) last released its quarterly 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 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 business’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. Analysts forecast that Edgewell Personal Care will post 3.21 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Wakefield Asset Management LLLP purchased a new stake in Edgewell Personal Care in the 2nd quarter valued at approximately $944,000. Acadian Asset Management LLC purchased a new stake in shares of Edgewell Personal Care in the second quarter valued at $53,000. LSV Asset Management boosted its stake in shares of Edgewell Personal Care by 16.6% during the second quarter. LSV Asset Management now owns 1,071,354 shares of the company’s stock valued at $43,058,000 after acquiring an additional 152,200 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Edgewell Personal Care by 16.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,060 shares of the company’s stock worth $284,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Kestrel Investment Management Corp acquired a new position in Edgewell Personal Care in the 2nd quarter valued at about $4,855,000. 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.