Janus Henderson Group PLC Grows Stake in Edgewell Personal Care Co (NYSE:EPC)

Janus Henderson Group PLC raised its stake in Edgewell Personal Care Co (NYSE:EPC) by 71.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,918 shares of the company’s stock after purchasing an additional 34,656 shares during the quarter. Janus Henderson Group PLC’s holdings in Edgewell Personal Care were worth $3,014,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. SG Americas Securities LLC boosted its position in shares of Edgewell Personal Care by 42.1% during the second quarter. SG Americas Securities LLC now owns 13,637 shares of the company’s stock worth $548,000 after buying an additional 4,037 shares during the period. Welch Group LLC purchased a new position in shares of Edgewell Personal Care during the 2nd quarter valued at $281,000. Blue Trust Inc. grew its holdings in shares of Edgewell Personal Care by 32.5% during the 2nd quarter. Blue Trust Inc. now owns 2,365 shares of the company’s stock valued at $91,000 after acquiring an additional 580 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Edgewell Personal Care by 17.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,363 shares of the company’s stock worth $296,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Everhart Financial Group Inc. bought a new stake in Edgewell Personal Care in the second quarter worth $207,000. 91.91% of the stock is owned by hedge funds and other institutional investors.

Edgewell Personal Care Price Performance

Shares of EPC stock opened at $35.23 on Thursday. Edgewell Personal Care Co has a 52-week low of $33.27 and a 52-week high of $41.50. The stock has a market cap of $1.72 billion, a PE ratio of 17.97 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66. The firm’s 50 day moving average price is $35.57 and its two-hundred day moving average price is $37.59.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. The firm had revenue of $517.60 million for the quarter, compared to analysts’ expectations of $535.23 million. During the same period last year, the firm earned $0.72 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, analysts forecast that Edgewell Personal Care Co will post 3.21 EPS for the current year.

Edgewell Personal Care Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd will be issued a $0.15 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.60 annualized dividend and a yield of 1.70%. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 30.61%.

Analyst Ratings Changes

EPC has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Barclays dropped their price target on shares of Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Edgewell Personal Care has an average rating of “Moderate Buy” and an average price target of $42.40.

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.