Edgewell Personal Care (NYSE:EPC) Reaches New 52-Week High – Here’s What Happened

Edgewell Personal Care Company (NYSE:EPC)’s stock price hit a new 52-week high on Wednesday. The company traded as high as $29.95 and last traded at $29.8510, with a volume of 278,358 shares trading hands. The stock had previously closed at $27.93.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. UBS Group reissued a “neutral” rating and set a $30.00 price objective on shares of Edgewell Personal Care in a research note on Thursday, October 15th. Barclays upped their target price on shares of Edgewell Personal Care from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Edgewell Personal Care from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Wells Fargo & Company reduced their price target on shares of Edgewell Personal Care from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Finally, Morgan Stanley set a $31.00 price objective on shares of Edgewell Personal Care in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.50.

Edgewell Personal Care Stock Down 2.3%

The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.12 and a current ratio of 1.84. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -13.95 and a beta of 0.36. The firm’s fifty day simple moving average is $27.80 and its 200 day simple moving average is $24.08.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.08. Edgewell Personal Care had a negative net margin of 4.55% and a positive return on equity of 5.76%. The company had revenue of $570.10 million during the quarter, compared to analysts’ expectations of $574.87 million. During the same quarter in the prior year, the company earned $1.04 earnings per share. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, sell-side analysts forecast that Edgewell Personal Care Company will post 1.94 earnings per share for the current year.

Institutional Investors Weigh In On Edgewell Personal Care

Institutional investors have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System bought a new stake in shares of Edgewell Personal Care in the third quarter worth $278,000. Illinois Municipal Retirement Fund boosted its holdings in Edgewell Personal Care by 26.3% during the third quarter. Illinois Municipal Retirement Fund now owns 25,172 shares of the company’s stock worth $679,000 after purchasing an additional 5,247 shares during the last quarter. Fulcrum Asset Management LLP boosted its holdings in Edgewell Personal Care by 5,133.3% during the third quarter. Fulcrum Asset Management LLP now owns 942 shares of the company’s stock worth $26,000 after purchasing an additional 924 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in Edgewell Personal Care during the third quarter worth $362,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Edgewell Personal Care by 101.8% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 22,200 shares of the company’s stock valued at $599,000 after purchasing an additional 11,200 shares in the last quarter. 91.91% of the stock is owned by institutional investors.

About Edgewell Personal Care

Edgewell Personal Care Company (NYSE: EPC) is a global consumer products company focused on personal care products. Its portfolio includes shaving, sun care, skin care and feminine care products sold under brands such as Schick, Wilkinson Sword, Edge, Skintimate, Billie, Banana Boat, Hawaiian Tropic, Bulldog, Jack Black and Playtex.

The company’s shaving business offers razors, blades, shaving creams and gels for men and women. Its sun and skin care operations provide sunscreen, after-sun products and related personal care items, while its feminine care portfolio includes tampons and other menstrual care products.