Edgewell Personal Care (NYSE:EPC) Price Target Cut to $37.00 by Analysts at Barclays

Edgewell Personal Care (NYSE:EPC) had its price objective trimmed by Barclays from $39.00 to $37.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Separately, Wells Fargo & Company increased their target price on Edgewell Personal Care from $40.00 to $43.00 and gave the stock an overweight rating in a research report on Thursday, February 8th.

Edgewell Personal Care Stock Performance

EPC stock opened at $35.49 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.03 and a debt-to-equity ratio of 0.94. The firm has a market cap of $1.77 billion, a P/E ratio of 17.40 and a beta of 0.94. Edgewell Personal Care has a 12-month low of $33.71 and a 12-month high of $46.13. The stock’s 50 day simple moving average is $37.78 and its 200 day simple moving average is $36.57.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.18. The business had revenue of $488.90 million for the quarter, compared to analyst estimates of $481.41 million. Edgewell Personal Care had a return on equity of 8.38% and a net margin of 4.66%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. As a group, equities research analysts predict that Edgewell Personal Care will post 2.8 EPS for the current year.

Edgewell Personal Care Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.69%. The ex-dividend date was Wednesday, March 6th. Edgewell Personal Care’s dividend payout ratio is presently 29.41%.

Institutional Investors Weigh In On Edgewell Personal Care

Several large investors have recently added to or reduced their stakes in EPC. Advisor Group Holdings Inc. increased its position in Edgewell Personal Care by 42.3% in the first quarter. Advisor Group Holdings Inc. now owns 1,895 shares of the company’s stock worth $70,000 after buying an additional 563 shares during the period. Citigroup Inc. increased its holdings in shares of Edgewell Personal Care by 6.3% during the first quarter. Citigroup Inc. now owns 50,908 shares of the company’s stock valued at $1,867,000 after purchasing an additional 3,004 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Edgewell Personal Care by 75.3% during the first quarter. PNC Financial Services Group Inc. now owns 17,861 shares of the company’s stock valued at $655,000 after purchasing an additional 7,673 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Edgewell Personal Care by 57.5% during the first quarter. MetLife Investment Management LLC now owns 29,956 shares of the company’s stock valued at $1,098,000 after purchasing an additional 10,939 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Edgewell Personal Care by 0.7% during the first quarter. Rhumbline Advisers now owns 159,605 shares of the company’s stock valued at $5,853,000 after purchasing an additional 1,141 shares during the period. 91.91% of the stock is owned by institutional investors and hedge funds.

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.