StockNews.com Upgrades Edgewell Personal Care (NYSE:EPC) to Buy

StockNews.com upgraded shares of Edgewell Personal Care (NYSE:EPCFree Report) from a hold rating to a buy rating in a report released on Tuesday morning.

A number of other brokerages have also issued reports on EPC. Canaccord Genuity Group increased their target price on Edgewell Personal Care from $52.00 to $53.00 and gave the company a buy rating in a research report on Thursday, May 9th. Barclays lifted their target price on shares of Edgewell Personal Care from $37.00 to $40.00 and gave the company an equal weight rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $42.25.

Read Our Latest Stock Report on EPC

Edgewell Personal Care Stock Performance

EPC opened at $38.38 on Tuesday. The firm has a fifty day moving average price of $38.15 and a 200 day moving average price of $37.52. Edgewell Personal Care has a 1 year low of $33.71 and a 1 year high of $43.90. The stock has a market cap of $1.90 billion, a P/E ratio of 16.06 and a beta of 0.84. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.84 and a quick ratio of 0.92.

Edgewell Personal Care (NYSE:EPCGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.14. Edgewell Personal Care had a net margin of 5.40% and a return on equity of 9.29%. The business had revenue of $599.40 million during the quarter, compared to the consensus estimate of $606.74 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. Equities research analysts anticipate that Edgewell Personal Care will post 2.92 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 6th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, June 6th. Edgewell Personal Care’s dividend payout ratio is currently 25.10%.

Hedge Funds Weigh In On Edgewell Personal Care

Several hedge funds and other institutional investors have recently modified their holdings of the business. Swiss National Bank raised its holdings in Edgewell Personal Care by 0.5% in the 3rd quarter. Swiss National Bank now owns 106,800 shares of the company’s stock valued at $3,947,000 after acquiring an additional 500 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Edgewell Personal Care by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,321 shares of the company’s stock valued at $25,403,000 after purchasing an additional 19,739 shares during the last quarter. HighTower Advisors LLC lifted its position in Edgewell Personal Care by 53.9% during the third quarter. HighTower Advisors LLC now owns 13,976 shares of the company’s stock worth $527,000 after buying an additional 4,897 shares in the last quarter. Deutsche Bank AG boosted its stake in Edgewell Personal Care by 6.9% during the third quarter. Deutsche Bank AG now owns 27,510 shares of the company’s stock worth $1,017,000 after buying an additional 1,766 shares during the last quarter. Finally, EMC Capital Management grew its holdings in Edgewell Personal Care by 38.7% in the 3rd quarter. EMC Capital Management now owns 4,220 shares of the company’s stock valued at $156,000 after buying an additional 1,178 shares in the last quarter. 91.91% of the stock is owned by hedge funds and other institutional investors.

About Edgewell Personal Care

(Get Free Report)

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.

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