Canaccord Genuity Group Has Lowered Expectations for Edgewell Personal Care (NYSE:EPC) Stock Price

Edgewell Personal Care (NYSE:EPC) had its price target lowered by Canaccord Genuity Group from $40.00 to $35.00 in a report issued on Thursday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on EPC. Royal Bank of Canada dropped their target price on Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley cut their target price on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. UBS Group upped their price target on Edgewell Personal Care from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Wells Fargo & Company cut their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Barclays decreased their target price on shares of Edgewell Personal Care from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $33.00.

Edgewell Personal Care Stock Up 0.1 %

Shares of NYSE:EPC opened at $27.23 on Thursday. Edgewell Personal Care has a 1 year low of $24.35 and a 1 year high of $41.50. The company has a market capitalization of $1.31 billion, a PE ratio of 14.88 and a beta of 0.91. The business has a fifty day moving average price of $30.03 and a two-hundred day moving average price of $32.47. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.06 and a quick ratio of 0.97.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). Edgewell Personal Care had a return on equity of 9.29% and a net margin of 4.09%. The company had revenue of $580.70 million during the quarter, compared to the consensus estimate of $591.01 million. During the same period last year, the firm posted $0.88 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Analysts forecast that Edgewell Personal Care will post 3.16 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, June 6th. Edgewell Personal Care’s dividend payout ratio is currently 32.79%.

Institutional Trading of Edgewell Personal Care

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC boosted its stake in Edgewell Personal Care by 563.6% during the third quarter. Barclays PLC now owns 148,553 shares of the company’s stock worth $5,400,000 after acquiring an additional 126,168 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Edgewell Personal Care by 6.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 669,914 shares of the company’s stock worth $24,345,000 after buying an additional 39,059 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Edgewell Personal Care by 12.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 750,369 shares of the company’s stock valued at $25,122,000 after buying an additional 85,467 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Edgewell Personal Care by 208.2% in the fourth 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. Finally, Amundi grew its stake in shares of Edgewell Personal Care by 188.6% in the fourth quarter. Amundi now owns 25,051 shares of the company’s stock worth $807,000 after acquiring an additional 16,370 shares during the last quarter. 91.91% of the stock is owned by hedge funds and other institutional investors.

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.