Edgewell Personal Care Co (NYSE:EPC) Sees Significant Decline in Short Interest

Edgewell Personal Care Co (NYSE:EPCGet Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,910,000 shares, a decrease of 5.9% from the February 29th total of 2,030,000 shares. Based on an average daily volume of 384,600 shares, the days-to-cover ratio is presently 5.0 days. Currently, 3.9% of the shares of the company are sold short.

Analyst Ratings Changes

Several brokerages recently weighed in on EPC. Wells Fargo & Company increased their target price on Edgewell Personal Care from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Barclays raised Edgewell Personal Care from an “underweight” rating to an “equal weight” rating and set a $39.00 price target for the company in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Edgewell Personal Care currently has a consensus rating of “Hold” and a consensus target price of $40.50.

Check Out Our Latest Analysis on Edgewell Personal Care

Edgewell Personal Care Trading Down 0.4 %

Edgewell Personal Care stock opened at $37.07 on Wednesday. The business has a 50 day moving average price of $38.01 and a two-hundred day moving average price of $36.68. The company has a quick ratio of 1.03, a current ratio of 2.15 and a debt-to-equity ratio of 0.94. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 18.25 and a beta of 0.94. Edgewell Personal Care has a 12 month low of $33.71 and a 12 month high of $46.13.

Edgewell Personal Care (NYSE:EPCGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.06 by $0.18. The firm had revenue of $488.90 million during the quarter, compared to analysts’ expectations of $481.41 million. Edgewell Personal Care had a return on equity of 8.38% and a net margin of 4.66%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, equities analysts forecast that Edgewell Personal Care will post 2.8 EPS for the current year.

Edgewell Personal Care Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 7th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.62%. Edgewell Personal Care’s payout ratio is presently 29.41%.

Hedge Funds Weigh In On Edgewell Personal Care

A number of hedge funds have recently modified their holdings of EPC. Advisor Group Holdings Inc. raised its holdings in shares of Edgewell Personal Care by 42.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,895 shares of the company’s stock worth $70,000 after buying an additional 563 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Edgewell Personal Care by 6.3% in the 1st quarter. Citigroup Inc. now owns 50,908 shares of the company’s stock worth $1,867,000 after buying an additional 3,004 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Edgewell Personal Care by 75.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,861 shares of the company’s stock worth $655,000 after buying an additional 7,673 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Edgewell Personal Care by 57.5% in the 1st quarter. MetLife Investment Management LLC now owns 29,956 shares of the company’s stock worth $1,098,000 after buying an additional 10,939 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Edgewell Personal Care by 0.7% in the 1st quarter. Rhumbline Advisers now owns 159,605 shares of the company’s stock worth $5,853,000 after buying an additional 1,141 shares in the last quarter. 91.91% of the stock is owned by institutional investors and hedge funds.

Edgewell Personal Care Company Profile

(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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