Victory Capital Management Inc. Acquires 5,893 Shares of Edgewell Personal Care Co (NYSE:EPC)

Victory Capital Management Inc. lifted its holdings in shares of Edgewell Personal Care Co (NYSE:EPC) by 1.4% during the 3rd quarter, Holdings Channel reports. The firm owned 420,886 shares of the company’s stock after purchasing an additional 5,893 shares during the period. Victory Capital Management Inc.’s holdings in Edgewell Personal Care were worth $15,295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in EPC. Russell Investments Group Ltd. increased its holdings in shares of Edgewell Personal Care by 25.5% during the first quarter. Russell Investments Group Ltd. now owns 40,431 shares of the company’s stock worth $1,562,000 after purchasing an additional 8,214 shares during the period. ProShare Advisors LLC increased its stake in Edgewell Personal Care by 6.1% in the first quarter. ProShare Advisors LLC now owns 10,051 shares of the company’s stock valued at $388,000 after acquiring an additional 574 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Edgewell Personal Care by 2.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,897 shares of the company’s stock valued at $886,000 after acquiring an additional 571 shares during the last quarter. Vanguard Group Inc. increased its stake in Edgewell Personal Care by 0.5% in the first quarter. Vanguard Group Inc. now owns 5,833,364 shares of the company’s stock valued at $225,401,000 after acquiring an additional 29,217 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in Edgewell Personal Care by 11.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 83,832 shares of the company’s stock valued at $3,237,000 after acquiring an additional 8,468 shares during the last quarter. 91.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EPC. UBS Group decreased their price objective on shares of Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Truist Financial decreased their price objective on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Barclays decreased their price objective on shares of Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Finally, StockNews.com cut shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Edgewell Personal Care has a consensus rating of “Moderate Buy” and an average price target of $42.40.

Edgewell Personal Care Stock Performance

NYSE EPC opened at $34.68 on Wednesday. The firm’s fifty day moving average price is $35.50 and its two-hundred day moving average price is $37.93. The stock has a market cap of $1.69 billion, a PE ratio of 17.69 and a beta of 0.86. Edgewell Personal Care Co has a fifty-two week low of $33.27 and a fifty-two week high of $41.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66.

Edgewell Personal Care (NYSE:EPC) last posted its earnings results on Thursday, November 7th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The firm had revenue of $517.60 million for the quarter, compared to analysts’ expectations of $535.23 million. Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. The company’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. On average, equities analysts expect that Edgewell Personal Care Co will post 3.21 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.73%. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 30.61%.

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.