Barclays Has Lowered Expectations for Edgewell Personal Care (NYSE:EPC) Stock Price

Edgewell Personal Care (NYSE:EPC) had its price target cut by Barclays from $37.00 to $36.00 in a report released on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts have also recently weighed in on the stock. Truist Financial cut their price target on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. UBS Group decreased their price target 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. Finally, StockNews.com lowered Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.40.

Edgewell Personal Care Stock Up 0.9 %

Edgewell Personal Care stock opened at $34.98 on Monday. The company has a market capitalization of $1.72 billion, a PE ratio of 17.85 and a beta of 0.86. Edgewell Personal Care has a 12-month low of $33.27 and a 12-month high of $41.50. The firm’s fifty day moving average is $35.63 and its 200 day moving average is $37.98. The company has a quick ratio of 0.81, a current ratio of 1.66 and a debt-to-equity ratio of 0.80.

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

Edgewell Personal Care Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 3rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Tuesday, December 3rd. Edgewell Personal Care’s payout ratio is 30.61%.

Institutional Investors Weigh In On Edgewell Personal Care

Several large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in Edgewell Personal Care by 14.0% in the 3rd quarter. Blue Trust Inc. now owns 2,697 shares of the company’s stock worth $108,000 after buying an additional 332 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Edgewell Personal Care by 2.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,897 shares of the company’s stock valued at $886,000 after acquiring an additional 571 shares during the last quarter. ProShare Advisors LLC raised its position in Edgewell Personal Care by 6.1% during the first quarter. ProShare Advisors LLC now owns 10,051 shares of the company’s stock valued at $388,000 after purchasing an additional 574 shares in the last quarter. Clearstead Trust LLC bought a new stake in Edgewell Personal Care during the second quarter worth about $33,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Edgewell Personal Care by 16.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,060 shares of the company’s stock worth $284,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 91.91% of the company’s stock.

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.