Wells Fargo & Company Cuts Edgewell Personal Care (NYSE:EPC) Price Target to $37.00

Edgewell Personal Care (NYSE:EPC) had its price target decreased by Wells Fargo & Company from $42.00 to $37.00 in a report published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

EPC has been the subject of a number of other research reports. Barclays dropped their target price on shares of Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Truist Financial dropped their price objective on shares of 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, StockNews.com cut shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

Edgewell Personal Care Trading Down 0.2 %

Shares of Edgewell Personal Care stock opened at $32.05 on Tuesday. The firm’s 50-day moving average price is $35.24 and its two-hundred day moving average price is $36.95. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 16.35 and a beta of 0.89. 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 has a 12-month low of $31.50 and a 12-month high of $41.50.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $535.23 million. During the same period last year, the firm posted $0.72 earnings per share. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, analysts forecast that Edgewell Personal Care will post 3.21 earnings per share 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. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.87%. Edgewell Personal Care’s dividend payout ratio (DPR) is 30.61%.

Institutional Trading of Edgewell Personal Care

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Edgewell Personal Care by 63.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 664,902 shares of the company’s stock worth $24,163,000 after purchasing an additional 259,200 shares during the period. Brandes Investment Partners LP lifted its holdings in Edgewell Personal Care by 19.7% in the second quarter. Brandes Investment Partners LP now owns 1,529,647 shares of the company’s stock valued at $61,545,000 after buying an additional 252,235 shares during the period. Empowered Funds LLC bought a new stake in Edgewell Personal Care during the third quarter valued at $6,128,000. LSV Asset Management grew its holdings in Edgewell Personal Care by 16.6% during the 2nd quarter. LSV Asset Management now owns 1,071,354 shares of the company’s stock worth $43,058,000 after acquiring an additional 152,200 shares during the period. Finally, Barclays PLC raised its position in shares of Edgewell Personal Care by 563.6% in the 3rd quarter. Barclays PLC now owns 148,553 shares of the company’s stock worth $5,400,000 after acquiring an additional 126,168 shares in the last quarter. 91.91% of the stock is currently owned by institutional investors.

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.