Edgewell Personal Care (NYSE:EPC) Given New $33.00 Price Target at Barclays

Edgewell Personal Care (NYSE:EPC) had its price target trimmed by Barclays from $36.00 to $33.00 in a report issued on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research firms also recently weighed in on EPC. StockNews.com downgraded shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Wells Fargo & Company decreased their target price on shares of Edgewell Personal Care from $42.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. UBS Group dropped their price target on shares of Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Truist Financial cut 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 research note on Wednesday, October 16th. 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, Edgewell Personal Care currently has a consensus rating of “Moderate Buy” and an average target price of $39.80.

Edgewell Personal Care Trading Up 1.7 %

Shares of Edgewell Personal Care stock opened at $33.76 on Friday. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 17.22 and a beta of 0.89. Edgewell Personal Care has a 1 year low of $31.20 and a 1 year high of $41.50. The company’s fifty day simple moving average is $34.73 and its 200-day simple moving average is $36.57. The company has a current ratio of 1.66, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.72 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 business had revenue of $517.60 million during the quarter, compared to analyst estimates of $535.23 million. During the same quarter in the prior year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts expect that Edgewell Personal Care will post 3.21 EPS for the current year.

Edgewell Personal Care Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.60 annualized dividend and a yield of 1.78%. Edgewell Personal Care’s dividend payout ratio is 30.61%.

Institutional Investors Weigh In On Edgewell Personal Care

A number of hedge funds and other institutional investors have recently bought and sold shares of EPC. Acadian Asset Management LLC bought a new stake in shares of Edgewell Personal Care during the second quarter worth $53,000. Dimensional Fund Advisors LP increased its holdings in shares of Edgewell Personal Care by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,620,865 shares of the company’s stock valued at $145,524,000 after purchasing an additional 24,513 shares in the last quarter. Renaissance Technologies LLC bought a new position in Edgewell Personal Care in the 2nd quarter worth approximately $1,370,000. XTX Topco Ltd acquired a new position in Edgewell Personal Care during the 2nd quarter worth $569,000. Finally, Canada Pension Plan Investment Board acquired a new position in Edgewell Personal Care during the 2nd quarter worth $84,000. 91.91% of the stock is owned by institutional investors and hedge funds.

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.