Stock analysts at Wells Fargo & Co started coverage on shares of Edgewell Personal Care (NYSE:EPC) in a research report issued to clients and investors on Tuesday, December 19th, The Fly reports. The brokerage set a “market perform” rating on the stock.
EPC has been the subject of a number of other reports. Zacks Investment Research downgraded Edgewell Personal Care from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 14th. TheStreet downgraded Edgewell Personal Care from a “c” rating to a “d+” rating in a research report on Thursday, November 9th. Jefferies Group reiterated a “hold” rating and issued a $78.00 target price on shares of Edgewell Personal Care in a research note on Thursday, October 19th. Barclays lowered Edgewell Personal Care from an “equal weight” rating to an “underweight” rating and set a $55.00 target price on the stock. in a research note on Friday, November 10th. Finally, Morgan Stanley cut their price target on Edgewell Personal Care from $80.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Edgewell Personal Care currently has a consensus rating of “Hold” and an average target price of $74.83.
Edgewell Personal Care (NYSE EPC) traded up $0.73 during trading on Tuesday, reaching $60.30. 387,008 shares of the company traded hands, compared to its average volume of 593,989. Edgewell Personal Care has a one year low of $55.94 and a one year high of $82.06. The company has a quick ratio of 1.63, a current ratio of 2.26 and a debt-to-equity ratio of 0.88. The stock has a market cap of $3,320.00, a price-to-earnings ratio of 861.43, a price-to-earnings-growth ratio of 3.41 and a beta of 0.89.
Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Thursday, November 9th. The company reported $1.00 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.03). The business had revenue of $564.90 million during the quarter, compared to the consensus estimate of $588.28 million. Edgewell Personal Care had a return on equity of 12.54% and a net margin of 0.25%. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.06 earnings per share. analysts predict that Edgewell Personal Care will post 3.86 EPS for the current fiscal year.
In other news, Director Daniel J. Heinrich bought 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average price of $57.08 per share, with a total value of $85,620.00. Following the completion of the acquisition, the director now directly owns 3,530 shares of the company’s stock, valued at approximately $201,492.40. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.97% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in EPC. Janus Henderson Group PLC raised its position in Edgewell Personal Care by 929.8% during the second quarter. Janus Henderson Group PLC now owns 1,094,636 shares of the company’s stock valued at $83,214,000 after acquiring an additional 988,336 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Edgewell Personal Care by 13.7% in the third quarter. JPMorgan Chase & Co. now owns 3,476,454 shares of the company’s stock valued at $252,077,000 after buying an additional 419,403 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Edgewell Personal Care by 2,405.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 210,472 shares of the company’s stock valued at $16,000,000 after buying an additional 202,072 shares in the last quarter. Marshall Wace North America L.P. increased its position in shares of Edgewell Personal Care by 2,342.9% in the second quarter. Marshall Wace North America L.P. now owns 173,935 shares of the company’s stock valued at $13,219,000 after buying an additional 166,815 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Edgewell Personal Care by 1,366.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,801 shares of the company’s stock valued at $10,400,000 after buying an additional 127,474 shares in the last quarter. Institutional investors own 93.22% of the company’s stock.
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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.
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