Edgewell Personal Care (NYSE:EPC) Sets New 1-Year Low – Here’s What Happened

Shares of Edgewell Personal Care Co (NYSE:EPC) reached a new 52-week low during trading on Monday . The stock traded as low as $32.52 and last traded at $32.67, with a volume of 11054 shares changing hands. The stock had previously closed at $32.67.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. 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. StockNews.com cut Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Truist Financial dropped their price objective on 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. Finally, Barclays cut their target price on shares of Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Edgewell Personal Care has a consensus rating of “Moderate Buy” and a consensus price target of $41.20.

Edgewell Personal Care Stock Performance

The company has a current ratio of 1.66, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average of $35.24 and a 200-day moving average of $36.95. The company has a market cap of $1.56 billion, a PE ratio of 16.35 and a beta of 0.89.

Edgewell Personal Care (NYSE:EPC) last announced its earnings results 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 return on equity of 9.78% and a net margin of 4.38%. The company had revenue of $517.60 million during the quarter, compared to the consensus estimate of $535.23 million. During the same quarter in the prior year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts anticipate that Edgewell Personal Care Co will post 3.21 earnings per share for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 3rd will be given a $0.15 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.87%. Edgewell Personal Care’s dividend payout ratio is 30.61%.

Hedge Funds Weigh In On Edgewell Personal Care

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clearstead Trust LLC bought a new stake in Edgewell Personal Care during the 2nd quarter valued at approximately $33,000. Prospera Private Wealth LLC purchased a new position in shares of Edgewell Personal Care in the 3rd quarter valued at approximately $48,000. Acadian Asset Management LLC bought a new stake in shares of Edgewell Personal Care during the second quarter valued at approximately $53,000. Canada Pension Plan Investment Board purchased a new stake in Edgewell Personal Care in the second quarter worth $84,000. Finally, Blue Trust Inc. raised its holdings in Edgewell Personal Care by 14.0% in the third quarter. Blue Trust Inc. now owns 2,697 shares of the company’s stock worth $108,000 after purchasing an additional 332 shares in the last quarter. Hedge funds and other institutional investors 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.