Edgewell Personal Care (NYSE:EPC) Price Target Cut to $36.00 by Analysts at Barclays

Edgewell Personal Care (NYSE:EPC - Free Report) had its price target decreased by Barclays from $37.00 to $36.00 in a report published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research firms have also weighed in on EPC. Truist Financial reduced their price objective on Edgewell Personal Care from $50.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. UBS Group reduced their price target on shares of Edgewell Personal Care from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. Finally, StockNews.com cut shares of Edgewell Personal Care from a "buy" rating to a "hold" rating in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Edgewell Personal Care presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.40.

Edgewell Personal Care Price Performance

Edgewell Personal Care stock traded down $0.06 during trading hours on Monday, reaching $36.10. 509,897 shares of the stock were exchanged, compared to its average volume of 396,396. The company has a current ratio of 1.66, a quick ratio of 0.94 and a debt-to-equity ratio of 0.80. Edgewell Personal Care has a twelve month low of $33.27 and a twelve month high of $41.50. The company has a market cap of $1.78 billion, a P/E ratio of 18.45 and a beta of 0.86. The stock has a 50 day moving average of $36.00 and a two-hundred day moving average of $38.05.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.05. Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. The business had revenue of $517.60 million for the quarter, compared to analyst estimates of $535.23 million. During the same quarter last year, the business posted $0.72 EPS. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. Equities analysts expect that Edgewell Personal Care will post 3.22 EPS for the current fiscal year.

Edgewell Personal Care Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 3rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Tuesday, December 3rd. Edgewell Personal Care's dividend payout ratio is currently 30.61%.

Hedge Funds Weigh In On Edgewell Personal Care

A number of hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its holdings in Edgewell Personal Care by 63.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 664,902 shares of the company's stock valued at $24,163,000 after acquiring an additional 259,200 shares during the last quarter. Brandes Investment Partners LP boosted its stake in shares of Edgewell Personal Care by 19.7% in the 2nd quarter. Brandes Investment Partners LP now owns 1,529,647 shares of the company's stock valued at $61,545,000 after purchasing an additional 252,235 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Edgewell Personal Care during the third quarter worth $6,128,000. LSV Asset Management raised its stake in Edgewell Personal Care by 16.6% during the second quarter. LSV Asset Management now owns 1,071,354 shares of the company's stock worth $43,058,000 after buying an additional 152,200 shares during the last quarter. Finally, Kestrel Investment Management Corp acquired a new position in Edgewell Personal Care in the second quarter valued at $4,855,000. 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.