Edgewell Personal Care (NYSE:EPC) Price Target Lowered to $37.00 at Wells Fargo & Company

Edgewell Personal Care (NYSE:EPC) had its target price reduced by Wells Fargo & Company from $42.00 to $37.00 in a report published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other equities research analysts have also recently commented on EPC. Truist Financial dropped their target price on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. StockNews.com lowered shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, Barclays decreased their target price on 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Edgewell Personal Care presently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

Edgewell Personal Care Trading Up 0.6 %

Shares of EPC opened at $32.25 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.81. Edgewell Personal Care has a 1-year low of $31.43 and a 1-year high of $41.50. The company has a market capitalization of $1.57 billion, a P/E ratio of 16.45 and a beta of 0.88. The firm’s 50 day simple moving average is $35.17 and its 200 day simple moving average is $36.92.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings data 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 analyst estimates of $535.23 million. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. Sell-side analysts forecast that Edgewell Personal Care will post 3.21 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.86%. Edgewell Personal Care’s payout ratio is 30.61%.

Institutional Trading of Edgewell Personal Care

Several hedge funds and other institutional investors have recently made changes to their positions in EPC. JPMorgan Chase & Co. raised its stake in Edgewell Personal Care by 6.2% during the third quarter. JPMorgan Chase & Co. now owns 669,914 shares of the company’s stock valued at $24,345,000 after buying an additional 39,059 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Edgewell Personal Care by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 251,422 shares of the company’s stock worth $9,137,000 after purchasing an additional 7,018 shares during the last quarter. Franklin Resources Inc. boosted its stake in Edgewell Personal Care by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 128,064 shares of the company’s stock worth $4,499,000 after purchasing an additional 2,684 shares in the last quarter. Sanctuary Advisors LLC grew its position in Edgewell Personal Care by 13.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 19,973 shares of the company’s stock valued at $718,000 after purchasing an additional 2,339 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its stake in Edgewell Personal Care by 33.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company’s stock valued at $101,000 after purchasing an additional 693 shares in the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.

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.