Edgewell Personal Care (NYSE:EPC) Price Target Lowered to $35.00 at Wells Fargo & Company

Edgewell Personal Care (NYSE:EPC) had its target price reduced by Wells Fargo & Company from $37.00 to $35.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also issued reports on the stock. UBS Group cut their price target on shares of Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Truist Financial dropped their target price on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Finally, Barclays decreased their price target on Edgewell Personal Care from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $36.57.

Edgewell Personal Care Price Performance

Shares of Edgewell Personal Care stock opened at $28.57 on Tuesday. The business’s 50-day moving average price is $33.60 and its 200-day moving average price is $35.63. The firm has a market capitalization of $1.39 billion, a PE ratio of 14.58 and a beta of 0.88. Edgewell Personal Care has a 12 month low of $26.65 and a 12 month high of $41.50. The company has a current ratio of 1.66, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. Sell-side analysts forecast that Edgewell Personal Care will post 3.19 EPS for the current fiscal year.

Edgewell Personal Care Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.10%. Edgewell Personal Care’s dividend payout ratio is currently 30.61%.

Hedge Funds Weigh In On Edgewell Personal Care

A number of hedge funds and other institutional investors have recently made changes to their positions in EPC. Blue Trust Inc. boosted its holdings in Edgewell Personal Care by 14.0% in the third quarter. Blue Trust Inc. now owns 2,697 shares of the company’s stock valued at $108,000 after acquiring an additional 332 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Edgewell Personal Care by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 19,633 shares of the company’s stock valued at $660,000 after purchasing an additional 495 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Edgewell Personal Care by 2.6% during the fourth quarter. Sanctuary Advisors LLC now owns 20,502 shares of the company’s stock valued at $695,000 after buying an additional 529 shares during the period. TD Private Client Wealth LLC raised its stake in Edgewell Personal Care by 33.1% in the third quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company’s stock worth $101,000 after buying an additional 693 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in Edgewell Personal Care by 217.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company’s stock worth $39,000 after buying an additional 800 shares during the period. 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.