Brokerages Set Edgewell Personal Care Co (NYSE:EPC) PT at $41.80

Edgewell Personal Care Co (NYSE:EPC) has been given a consensus recommendation of “Hold” by the five brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $41.80.

EPC has been the subject of a number of research analyst reports. Barclays decreased their price objective 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, August 7th. UBS Group dropped their price objective on Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, StockNews.com downgraded Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

Edgewell Personal Care Trading Down 4.3 %

NYSE:EPC opened at $38.12 on Friday. Edgewell Personal Care has a 52 week low of $33.71 and a 52 week high of $41.50. The firm has a 50-day moving average price of $39.33 and a two-hundred day moving average price of $38.61. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 15.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.94 and a current ratio of 1.79.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.21. The business had revenue of $647.80 million for the quarter, compared to analyst estimates of $649.67 million. Edgewell Personal Care had a return on equity of 9.92% and a net margin of 5.26%. Edgewell Personal Care’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. On average, equities analysts expect that Edgewell Personal Care will post 3 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.57%. Edgewell Personal Care’s payout ratio is 25.10%.

Hedge Funds Weigh In On Edgewell Personal Care

Hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new position in Edgewell Personal Care during the 2nd quarter valued at about $660,000. Brandes Investment Partners LP increased its holdings in Edgewell Personal Care by 19.7% during the 2nd quarter. Brandes Investment Partners LP now owns 1,529,647 shares of the company’s stock worth $61,545,000 after acquiring an additional 252,235 shares during the period. Deerfield Management Company L.P. Series C purchased a new stake in Edgewell Personal Care in the 2nd quarter worth approximately $1,237,000. AQR Capital Management LLC boosted its holdings in Edgewell Personal Care by 43.6% in the 2nd quarter. AQR Capital Management LLC now owns 8,585 shares of the company’s stock valued at $342,000 after purchasing an additional 2,606 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in shares of Edgewell Personal Care during the 2nd quarter valued at $709,000. 91.91% of the stock is currently owned by hedge funds and other 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.