StockNews.com Lowers Edgewell Personal Care (NYSE:EPC) to Hold

StockNews.com lowered shares of Edgewell Personal Care (NYSE:EPC) from a buy rating to a hold rating in a research note released on Thursday.

Several other research analysts have also weighed in on EPC. Barclays dropped their price target on Edgewell Personal Care from $41.00 to $40.00 and set an equal weight rating on the stock in a research report on Wednesday, August 7th. UBS Group reduced their price target on shares of 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. Finally, Canaccord Genuity Group boosted their price objective on shares of Edgewell Personal Care from $52.00 to $53.00 and gave the company a buy rating in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Edgewell Personal Care has an average rating of Hold and an average price target of $41.80.

Edgewell Personal Care Stock Performance

Shares of EPC opened at $37.37 on Thursday. The company has a 50-day moving average of $39.45 and a two-hundred day moving average of $38.49. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 15.64 and a beta of 0.88. 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 has a one year low of $33.71 and a one year high of $41.50.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.21. Edgewell Personal Care had a net margin of 5.40% and a return on equity of 9.29%. The firm had revenue of $647.80 million during the quarter, compared to analyst estimates of $649.67 million. During the same quarter last year, the business posted $0.98 EPS. The company’s revenue was down .3% on a year-over-year basis. On average, equities research analysts expect that Edgewell Personal Care will post 2.92 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 4th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.61%. The ex-dividend date is Wednesday, September 4th. Edgewell Personal Care’s payout ratio is presently 25.10%.

Institutional Investors Weigh In On Edgewell Personal Care

Several institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC raised its holdings in Edgewell Personal Care by 82.2% during the fourth quarter. Quadrant Capital Group LLC now owns 698 shares of the company’s stock valued at $26,000 after buying an additional 315 shares in the last quarter. Clearstead Trust LLC acquired a new stake in Edgewell Personal Care in the 2nd quarter worth approximately $33,000. Northwest Investment Counselors LLC bought a new stake in Edgewell Personal Care during the first quarter worth approximately $35,000. TFO Wealth Partners LLC grew its holdings in Edgewell Personal Care by 32,900.0% during the fourth quarter. TFO Wealth Partners LLC now owns 990 shares of the company’s stock valued at $36,000 after purchasing an additional 987 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Edgewell Personal Care in the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 91.91% of the company’s stock.

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.