Edgewell Personal Care Co (NYSE:EPC) Short Interest Down 10.2% in November

Edgewell Personal Care Co (NYSE:EPC) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 2,030,000 shares, a decline of 10.2% from the November 15th total of 2,260,000 shares. Approximately 4.2% of the company’s shares are sold short. Based on an average daily volume of 423,300 shares, the short-interest ratio is presently 4.8 days.

Edgewell Personal Care Stock Down 1.1 %

EPC traded down $0.39 during trading on Tuesday, reaching $35.05. 359,638 shares of the stock were exchanged, compared to its average volume of 400,138. The stock has a market cap of $1.71 billion, a P/E ratio of 17.88 and a beta of 0.88. The stock’s 50 day moving average price is $35.65 and its two-hundred day moving average price is $37.55. Edgewell Personal Care has a twelve month low of $33.27 and a twelve month 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 released its quarterly earnings data on Thursday, November 7th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. The firm had revenue of $517.60 million during the quarter, compared to analysts’ expectations of $535.23 million. During the same period in the previous year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities analysts expect that Edgewell Personal Care will post 3.21 EPS for the current year.

Edgewell Personal Care Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.71%. Edgewell Personal Care’s dividend payout ratio is presently 30.61%.

Wall Street Analyst Weigh In

Several research firms have weighed in on EPC. StockNews.com lowered shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a report 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 on the stock in a research report on Wednesday, October 16th. Finally, Barclays decreased 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Edgewell Personal Care has an average rating of “Moderate Buy” and an average price target of $42.40.

Institutional Trading of Edgewell Personal Care

Institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. grew its position in Edgewell Personal Care by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 128,064 shares of the company’s stock worth $4,499,000 after acquiring an additional 2,684 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Edgewell Personal Care by 13.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 19,973 shares of the company’s stock valued at $718,000 after purchasing an additional 2,339 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Edgewell Personal Care by 33.1% during the third quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company’s stock valued at $101,000 after acquiring an additional 693 shares during the last quarter. Geode Capital Management LLC grew its stake in Edgewell Personal Care by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,130,160 shares of the company’s stock worth $41,078,000 after purchasing an additional 6,964 shares during the period. Finally, Barclays PLC grew its position in shares of Edgewell Personal Care by 563.6% during the 3rd quarter. Barclays PLC now owns 148,553 shares of the company’s stock worth $5,400,000 after buying an additional 126,168 shares during the period. 91.91% of the stock is currently 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.