Edgewell Personal Care (NYSE:EPC) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Edgewell Personal Care (NYSE:EPCFree Report) from a hold rating to a buy rating in a report published on Wednesday morning.

Other equities analysts have also recently issued research reports about the stock. Barclays increased their price target on shares of Edgewell Personal Care from $37.00 to $40.00 and gave the stock an equal weight rating in a research report on Friday, May 10th. 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 report on Thursday, February 8th. Finally, Canaccord Genuity Group boosted 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 analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $42.25.

View Our Latest Stock Report on EPC

Edgewell Personal Care Price Performance

Shares of NYSE EPC opened at $38.95 on Wednesday. The business has a 50 day moving average price of $37.90 and a two-hundred day moving average price of $37.17. Edgewell Personal Care has a fifty-two week low of $33.71 and a fifty-two week high of $43.90. The firm has a market cap of $1.93 billion, a PE ratio of 16.30 and a beta of 0.95. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.87.

Edgewell Personal Care (NYSE:EPCGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.14. Edgewell Personal Care had a net margin of 5.40% and a return on equity of 9.29%. The business had revenue of $599.40 million during the quarter, compared to analyst estimates of $606.74 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. Sell-side analysts expect that Edgewell Personal Care will post 2.92 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 Tuesday, July 9th. Shareholders of record on Thursday, June 6th will be issued a $0.15 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. Edgewell Personal Care’s dividend payout ratio is currently 25.10%.

Institutional Trading of Edgewell Personal Care

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP grew its stake in Edgewell Personal Care by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 144,692 shares of the company’s stock worth $5,348,000 after buying an additional 26,913 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Edgewell Personal Care by 274.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 50,085 shares of the company’s stock worth $1,835,000 after acquiring an additional 36,723 shares during the period. Victory Capital Management Inc. lifted its position in Edgewell Personal Care by 4.8% in the 4th quarter. Victory Capital Management Inc. now owns 432,041 shares of the company’s stock valued at $15,826,000 after purchasing an additional 19,718 shares during the last quarter. Nicola Wealth Management LTD. boosted its stake in Edgewell Personal Care by 36.9% during the 4th quarter. Nicola Wealth Management LTD. now owns 74,200 shares of the company’s stock valued at $2,718,000 after purchasing an additional 20,000 shares during the period. Finally, LSV Asset Management grew its position in Edgewell Personal Care by 4.7% in the 3rd quarter. LSV Asset Management now owns 883,354 shares of the company’s stock worth $32,649,000 after purchasing an additional 39,700 shares during the last quarter. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Edgewell Personal Care Company Profile

(Get Free Report)

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.

Further Reading

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