Edgewell Personal Care (NYSE:EPC) Cut to Hold at StockNews.com

StockNews.com cut shares of Edgewell Personal Care (NYSE:EPC) from a buy rating to a hold rating in a research note released on Thursday morning.

Several other equities analysts also recently issued reports on the stock. Barclays cut their price target on shares of Edgewell Personal Care from $41.00 to $40.00 and set an equal weight rating for the company in a report on Wednesday. UBS Group reduced their target price on Edgewell Personal Care from $42.00 to $40.00 and set a neutral rating on the stock in a report on Wednesday. Finally, Canaccord Genuity Group raised their price target on Edgewell Personal Care from $52.00 to $53.00 and gave the company a buy rating in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $41.80.

Edgewell Personal Care Trading Down 0.4 %

EPC stock opened at $37.37 on Thursday. Edgewell Personal Care has a 1-year low of $33.71 and a 1-year high of $41.50. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $39.45 and its 200-day moving average is $38.47. The firm has a market cap of $1.85 billion, a P/E ratio of 15.64 and a beta of 0.88.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.21. The firm had revenue of $647.80 million for the quarter, compared to analysts’ expectations of $649.67 million. Edgewell Personal Care had a return on equity of 9.29% and a net margin of 5.40%. The business’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. Equities analysts anticipate that Edgewell Personal Care will post 2.92 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 4th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Wednesday, September 4th. Edgewell Personal Care’s dividend payout ratio is currently 25.10%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position in shares of Edgewell Personal Care by 82.2% during the fourth quarter. Quadrant Capital Group LLC now owns 698 shares of the company’s stock worth $26,000 after acquiring an additional 315 shares during the last quarter. Clearstead Trust LLC bought a new position in Edgewell Personal Care in the second quarter valued at about $33,000. Northwest Investment Counselors LLC acquired a new stake in Edgewell Personal Care in the first quarter worth about $35,000. TFO Wealth Partners LLC raised its holdings in Edgewell Personal Care by 32,900.0% during the 4th quarter. TFO Wealth Partners LLC now owns 990 shares of the company’s stock worth $36,000 after purchasing an additional 987 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Edgewell Personal Care during the 2nd quarter valued at about $53,000. Institutional investors and hedge funds own 91.91% of the company’s stock.

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.