Point72 Hong Kong Ltd Acquires New Shares in Edgewell Personal Care Co (NYSE:EPC)

Point72 Hong Kong Ltd bought a new position in shares of Edgewell Personal Care Co (NYSE:EPC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,250 shares of the company’s stock, valued at approximately $118,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Clearstead Trust LLC bought a new position in Edgewell Personal Care during the 2nd quarter worth approximately $33,000. Prospera Private Wealth LLC bought a new stake in shares of Edgewell Personal Care in the 3rd quarter valued at $48,000. Acadian Asset Management LLC acquired a new position in shares of Edgewell Personal Care during the 2nd quarter valued at $53,000. Innealta Capital LLC bought a new position in Edgewell Personal Care during the second quarter worth $76,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Edgewell Personal Care in the second quarter worth $84,000. Institutional investors and hedge funds own 91.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on EPC. StockNews.com lowered shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Barclays decreased their price target 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. Truist Financial cut their price objective on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, UBS Group decreased their target price on Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.40.

Edgewell Personal Care Price Performance

Shares of NYSE:EPC opened at $37.81 on Wednesday. The company’s fifty day moving average price is $35.49 and its 200-day moving average price is $37.71. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.81. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 19.29 and a beta of 0.88. Edgewell Personal Care Co has a one year low of $33.27 and a one year high of $41.50.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The business had revenue of $517.60 million for the quarter, compared to the consensus estimate of $535.23 million. During the same quarter last year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities research analysts anticipate that Edgewell Personal Care Co will post 3.21 earnings per share for the current fiscal 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 paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.59%. The ex-dividend date is Tuesday, December 3rd. Edgewell Personal Care’s dividend payout ratio is currently 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.