Bailard Inc. Purchases Shares of 13,000 Edgewell Personal Care Co (NYSE:EPC)

Bailard Inc. purchased a new position in Edgewell Personal Care Co (NYSE:EPC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,000 shares of the company's stock, valued at approximately $437,000.

A number of other hedge funds also recently modified their holdings of the stock. US Bancorp DE grew its stake in Edgewell Personal Care by 28.8% in the 3rd quarter. US Bancorp DE now owns 25,323 shares of the company's stock valued at $920,000 after buying an additional 5,667 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Edgewell Personal Care in the 3rd quarter valued at approximately $559,000. Principal Financial Group Inc. grew its position in shares of Edgewell Personal Care by 2.9% during the 3rd quarter. Principal Financial Group Inc. now owns 251,422 shares of the company's stock valued at $9,137,000 after purchasing an additional 7,018 shares in the last quarter. Chartwell Investment Partners LLC grew its position in shares of Edgewell Personal Care by 54.3% during the 3rd quarter. Chartwell Investment Partners LLC now owns 211,056 shares of the company's stock valued at $7,670,000 after purchasing an additional 74,315 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in Edgewell Personal Care in the third quarter worth $213,000. Institutional investors own 91.91% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on EPC. Royal Bank of Canada lowered their price target on shares of Edgewell Personal Care from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. UBS Group reduced their price target on shares of Edgewell Personal Care from $40.00 to $36.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company reduced their price target on shares of Edgewell Personal Care from $37.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley reduced their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 11th. Finally, Barclays reduced their price target on shares of Edgewell Personal Care from $33.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Edgewell Personal Care currently has an average rating of "Hold" and a consensus price target of $36.57.

Remove Ads

Edgewell Personal Care Stock Performance

EPC stock traded up $0.55 on Friday, hitting $31.95. The company had a trading volume of 580,008 shares, compared to its average volume of 414,222. Edgewell Personal Care Co has a 12-month low of $26.65 and a 12-month high of $41.50. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.96. The stock's 50-day simple moving average is $32.00 and its 200 day simple moving average is $34.79. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 17.46 and a beta of 0.88.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a return on equity of 9.29% and a net margin of 4.09%. As a group, equities research analysts expect that Edgewell Personal Care Co will post 3.16 earnings per share for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Wednesday, March 5th. Edgewell Personal Care's dividend payout ratio is presently 32.79%.

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.