Brokerages Set Edgewell Personal Care Co (NYSE:EPC) Price Target at $33.00

Shares of Edgewell Personal Care Co (NYSE:EPC) have been given an average rating of “Hold” by the seven research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $33.00.

EPC has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday, February 11th. Barclays cut their price target on shares of Edgewell Personal Care from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th. Wells Fargo & Company cut their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. StockNews.com downgraded shares of Edgewell Personal Care from a “hold” rating to a “sell” rating in a report on Friday, May 9th. Finally, UBS Group raised their price target on shares of Edgewell Personal Care from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th.

Institutional Investors Weigh In On Edgewell Personal Care

A number of hedge funds and other institutional investors have recently modified their holdings of EPC. Barclays PLC raised its holdings in shares of Edgewell Personal Care by 563.6% in the 3rd quarter. Barclays PLC now owns 148,553 shares of the company’s stock valued at $5,400,000 after purchasing an additional 126,168 shares in the last quarter. Franklin Resources Inc. raised its stake in Edgewell Personal Care by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 128,064 shares of the company’s stock worth $4,499,000 after acquiring an additional 2,684 shares in the last quarter. Principal Financial Group Inc. raised its stake in Edgewell Personal Care by 2.9% during the 3rd quarter. Principal Financial Group Inc. now owns 251,422 shares of the company’s stock worth $9,137,000 after acquiring an additional 7,018 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Edgewell Personal Care by 6.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 669,914 shares of the company’s stock worth $24,345,000 after acquiring an additional 39,059 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Edgewell Personal Care by 208.2% during the 4th quarter. SG Americas Securities LLC now owns 16,553 shares of the company’s stock worth $556,000 after acquiring an additional 11,183 shares in the last quarter. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Edgewell Personal Care Stock Down 0.8%

EPC opened at $28.50 on Friday. Edgewell Personal Care has a twelve month low of $24.35 and a twelve month high of $41.50. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $29.92 and a 200 day moving average price of $32.39. The company has a market cap of $1.34 billion, a PE ratio of 15.57 and a beta of 0.91.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). The business had revenue of $580.70 million during the quarter, compared to analyst estimates of $591.01 million. Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 EPS. Sell-side analysts expect that Edgewell Personal Care will post 3.16 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 6th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 2.11%. Edgewell Personal Care’s dividend payout ratio is presently 35.09%.

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.