Edgewell Personal Care (NYSE:EPC) Price Target Lowered to $40.00 at Barclays

Edgewell Personal Care (NYSE:EPC) had its target price reduced by research analysts at Barclays from $41.00 to $40.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 7.07% from the company’s previous close.

A number of other research firms also recently commented on EPC. StockNews.com raised Edgewell Personal Care from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Canaccord Genuity Group raised their price objective on shares of Edgewell Personal Care from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.80.

Edgewell Personal Care Stock Performance

Shares of Edgewell Personal Care stock traded down $0.16 on Wednesday, reaching $37.36. 212,323 shares of the stock were exchanged, compared to its average volume of 385,260. The firm has a market capitalization of $1.85 billion, a PE ratio of 15.71 and a beta of 0.88. Edgewell Personal Care has a 1-year low of $33.71 and a 1-year high of $41.50. The business has a fifty day moving average price of $39.47 and a two-hundred day moving average price of $38.48. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.87.

Edgewell Personal Care (NYSE:EPC) last released its earnings results on Tuesday, August 6th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.21. The company had revenue of $647.80 million for the quarter, compared to analysts’ expectations of $649.67 million. Edgewell Personal Care had a return on equity of 9.29% and a net margin of 5.40%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. As a group, research analysts anticipate that Edgewell Personal Care will post 2.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Edgewell Personal Care

A number of large investors have recently added to or reduced their stakes in EPC. Dimensional Fund Advisors LP lifted its stake in Edgewell Personal Care by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,620,865 shares of the company’s stock valued at $145,524,000 after buying an additional 24,513 shares in the last quarter. Kestrel Investment Management Corp purchased a new stake in shares of Edgewell Personal Care in the second quarter valued at $4,855,000. Daiwa Securities Group Inc. boosted its stake in shares of Edgewell Personal Care by 16.5% during the second quarter. Daiwa Securities Group Inc. now owns 7,060 shares of the company’s stock valued at $284,000 after acquiring an additional 1,000 shares during the last quarter. LSV Asset Management increased its position in Edgewell Personal Care by 16.6% during the 2nd quarter. LSV Asset Management now owns 1,071,354 shares of the company’s stock worth $43,058,000 after purchasing an additional 152,200 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Edgewell Personal Care in the 2nd quarter valued at about $53,000. 91.91% of the stock is owned by institutional investors and hedge funds.

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.