Edgewell Personal Care’s (EPC) “Market Perform” Rating Reiterated at Wells Fargo & Company
Wells Fargo & Company reiterated their market perform rating on shares of Edgewell Personal Care (NYSE:EPC) in a research report sent to investors on Monday morning, MarketBeat reports. Wells Fargo & Company currently has a $59.00 target price on the stock.
“We see few near-term positive catalysts for shares outside of potential U.S. tax reform (U.S. is 58% of sales), and resume with a Market Perform rating and $59 price target. Wet Shave Is The Center of EPC’s Struggles – Wet Shave is EPC’s largest and most profitable segment (~60% of sales & ~65% of profits). EPC faces unprecedented challenges, including (1) Weak category growth, expected to be down mid-single digits in the U.S. and down -2% globally in FY18; (2) Significant competitive pressures from PG, including a recent 12% price cut in U.S. Men’s Blades & Razors, and new innovation launching in Jan across all price points; and (3) Shave clubs continuing to take significant shr. Also, EPC is under-indexed in fast-growing channels like e-comm & direct- to-consumer, and Schick screened among the weakest brands in our Consumer Shaving Survey published 12/18/17.”,” Wells Fargo & Company’s analyst commented.
A number of other research analysts have also weighed in on EPC. Jefferies Group restated a hold rating and issued a $78.00 price objective on shares of Edgewell Personal Care in a report on Tuesday, September 12th. KeyCorp restated a hold rating on shares of Edgewell Personal Care in a report on Monday, October 16th. SunTrust Banks restated a hold rating and issued a $65.00 price objective on shares of Edgewell Personal Care in a report on Friday, November 10th. Bank of America decreased their price objective on Edgewell Personal Care from $79.00 to $77.00 and set a neutral rating on the stock in a report on Friday, October 13th. Finally, Citigroup decreased their price objective on Edgewell Personal Care from $87.00 to $77.00 and set a buy rating on the stock in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $74.83.
Edgewell Personal Care (NYSE:EPC) last announced its earnings results on Thursday, November 9th. The company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). Edgewell Personal Care had a net margin of 0.25% and a return on equity of 12.54%. The business had revenue of $564.90 million for the quarter, compared to analysts’ expectations of $588.28 million. During the same quarter last year, the business earned $1.06 EPS. The company’s quarterly revenue was down 7.5% on a year-over-year basis. analysts expect that Edgewell Personal Care will post 3.84 earnings per share for the current fiscal year.
In related news, Director Daniel J. Heinrich purchased 1,500 shares of Edgewell Personal Care stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $57.08 per share, for a total transaction of $85,620.00. Following the acquisition, the director now directly owns 3,530 shares in the company, valued at $201,492.40. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.97% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of EPC. Magnetar Financial LLC purchased a new position in shares of Edgewell Personal Care during the 3rd quarter worth $208,000. Virginia Retirement Systems ET AL purchased a new position in shares of Edgewell Personal Care during the 3rd quarter worth $211,000. Fox Run Management L.L.C. purchased a new position in shares of Edgewell Personal Care during the 3rd quarter worth $233,000. Bayesian Capital Management LP purchased a new position in shares of Edgewell Personal Care during the 2nd quarter worth $240,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Edgewell Personal Care during the 2nd quarter worth $286,000. Institutional investors and hedge funds own 91.69% of the company’s stock.
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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.
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