Edgewell Personal Care (NYSE:EPC) Given New $37.00 Price Target at Wells Fargo & Company

Edgewell Personal Care (NYSE:EPC - Free Report) had its price objective lowered by Wells Fargo & Company from $42.00 to $37.00 in a report released on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research firms have also issued reports on EPC. Barclays decreased their price target on shares of Edgewell Personal Care from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, November 11th. Truist Financial reduced their target price on Edgewell Personal Care from $50.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. Finally, StockNews.com cut Edgewell Personal Care from a "buy" rating to a "hold" rating in a research note on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $41.20.

Edgewell Personal Care Price Performance

EPC traded down $0.07 during trading on Tuesday, reaching $32.05. The stock had a trading volume of 468,425 shares, compared to its average volume of 458,531. Edgewell Personal Care has a 1-year low of $31.50 and a 1-year high of $41.50. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 16.35 and a beta of 0.89. The stock has a 50 day moving average of $35.31 and a two-hundred day moving average of $37.01. 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 - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $517.60 million during the quarter, compared to analysts' expectations of $535.23 million. During the same quarter last year, the business posted $0.72 earnings per share. The company's quarterly revenue was down 3.1% on a year-over-year basis. As a group, equities analysts anticipate that Edgewell Personal Care will post 3.21 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

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

Institutional Investors Weigh In On Edgewell Personal Care

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new position in Edgewell Personal Care in the 3rd quarter worth about $6,128,000. Dimensional Fund Advisors LP raised its position in Edgewell Personal Care by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,620,865 shares of the company's stock valued at $145,524,000 after acquiring an additional 24,513 shares in the last quarter. Chartwell Investment Partners LLC lifted its stake in Edgewell Personal Care by 54.3% in the third quarter. Chartwell Investment Partners LLC now owns 211,056 shares of the company's stock valued at $7,670,000 after acquiring an additional 74,315 shares during the last quarter. Sei Investments Co. grew its position in Edgewell Personal Care by 6.8% in the second quarter. Sei Investments Co. now owns 424,159 shares of the company's stock worth $17,045,000 after acquiring an additional 27,119 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Edgewell Personal Care during the 2nd quarter worth $569,000. Hedge funds and other 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.