Barclays Forecasts Strong Price Appreciation for Church & Dwight (NYSE:CHD) Stock

Church & Dwight (NYSE:CHD - Free Report) had its price objective raised by Barclays from $85.00 to $90.00 in a report issued on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

CHD has been the topic of several other research reports. JPMorgan Chase & Co. raised their price target on Church & Dwight from $99.00 to $107.00 and gave the stock an "underweight" rating in a report on Thursday. TD Cowen boosted their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a report on Monday, November 4th. Wells Fargo & Company increased their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Finally, Piper Sandler lifted their price target on Church & Dwight from $124.00 to $128.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $110.61.

Church & Dwight Stock Performance

CHD stock traded up $0.15 during trading on Friday, hitting $106.42. 1,712,775 shares of the company's stock traded hands, compared to its average volume of 1,135,106. The stock has a market capitalization of $26.07 billion, a price-to-earnings ratio of 47.72, a price-to-earnings-growth ratio of 3.12 and a beta of 0.58. Church & Dwight has a 52 week low of $96.09 and a 52 week high of $113.50. The stock has a fifty day moving average price of $106.86 and a two-hundred day moving average price of $104.06. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities analysts anticipate that Church & Dwight will post 3.44 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a $0.2838 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. Church & Dwight's dividend payout ratio is currently 50.67%.

Insider Buying and Selling

In other Church & Dwight news, EVP Rick Spann sold 39,520 shares of Church & Dwight stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $112.00, for a total transaction of $4,426,240.00. Following the transaction, the executive vice president now directly owns 4,973 shares in the company, valued at approximately $556,976. The trade was a 88.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew Farrell sold 165,823 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the sale, the chief executive officer now owns 112,719 shares of the company's stock, valued at $11,613,438.57. The trade was a 59.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 593,035 shares of company stock worth $62,282,808 in the last three months. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Empowered Funds LLC increased its stake in shares of Church & Dwight by 2.8% in the third quarter. Empowered Funds LLC now owns 3,651 shares of the company's stock worth $382,000 after acquiring an additional 99 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Church & Dwight by 0.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company's stock worth $3,358,000 after purchasing an additional 104 shares during the last quarter. HCR Wealth Advisors raised its stake in shares of Church & Dwight by 0.9% during the 4th quarter. HCR Wealth Advisors now owns 11,754 shares of the company's stock worth $1,231,000 after purchasing an additional 106 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Church & Dwight by 3.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,373 shares of the company's stock valued at $353,000 after buying an additional 107 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Church & Dwight by 2.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 5,508 shares of the company's stock valued at $577,000 after buying an additional 113 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.