Barclays Issues Positive Forecast for Church & Dwight (NYSE:CHD) Stock Price

Church & Dwight (NYSE:CHD) had its price target lifted by research analysts at Barclays from $85.00 to $90.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective would suggest a potential downside of 15.43% from the company’s current price.

Several other research analysts have also recently commented on the stock. TD Cowen increased their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Wells Fargo & Company lifted their target price on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, Piper Sandler boosted their price target on Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $110.61.

Church & Dwight Price Performance

CHD stock opened at $106.42 on Friday. The stock has a 50-day moving average price of $106.86 and a two-hundred day moving average price of $104.06. Church & Dwight has a 1 year low of $96.09 and a 1 year high of $113.50. The stock has a market cap of $26.07 billion, a PE ratio of 47.72, a price-to-earnings-growth ratio of 3.12 and a beta of 0.58. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. Church & Dwight’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 EPS. Equities analysts forecast that Church & Dwight will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total transaction of $874,783.20. Following the sale, the chief accounting officer now directly owns 400 shares of the company’s stock, valued at approximately $44,976. This represents a 95.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rick Spann sold 39,520 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $112.00, for a total value of $4,426,240.00. Following the completion of the transaction, the executive vice president now directly owns 4,973 shares of the company’s stock, valued at approximately $556,976. This trade represents a 88.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 593,035 shares of company stock valued at $62,282,808. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

Several hedge funds have recently bought and sold shares of CHD. Apeiron RIA LLC increased its stake in Church & Dwight by 3.9% in the fourth quarter. Apeiron RIA LLC now owns 4,183 shares of the company’s stock valued at $438,000 after acquiring an additional 158 shares during the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of Church & Dwight in the 4th quarter valued at $84,000. Janney Montgomery Scott LLC raised its holdings in shares of Church & Dwight by 3.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 138,158 shares of the company’s stock worth $14,467,000 after buying an additional 5,137 shares in the last quarter. Beaumont Financial Advisors LLC bought a new stake in shares of Church & Dwight during the 4th quarter worth $312,000. Finally, Atomi Financial Group Inc. acquired a new stake in Church & Dwight in the fourth quarter valued at about $208,000. 86.60% of the stock is owned by institutional investors.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.