Edgewell Personal Care (EPC) Trading 8.6% Higher After Insider Buying Activity

Shares of Edgewell Personal Care Co (NYSE:EPC) were up 8.6% on Wednesday after an insider bought additional shares in the company. The stock traded as high as $54.82 and last traded at $54.48. Approximately 1,979,953 shares changed hands during mid-day trading, an increase of 123% from the average daily volume of 886,577 shares. The stock had previously closed at $50.16.

Specifically, Director Daniel J. Heinrich bought 1,000 shares of the stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $50.59 per share, for a total transaction of $50,590.00. Following the completion of the purchase, the director now owns 4,530 shares in the company, valued at approximately $229,172.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David P. Hatfield bought 3,969 shares of the stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $50.38 per share, with a total value of $199,958.22. Following the completion of the purchase, the chief executive officer now owns 18,619 shares of the company’s stock, valued at approximately $938,025.22. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 6,419 shares of company stock valued at $323,077. 0.97% of the stock is currently owned by corporate insiders.

A number of analysts have recently weighed in on EPC shares. Zacks Investment Research lowered Edgewell Personal Care from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 14th. Bank of America lowered Edgewell Personal Care from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 4th. TheStreet lowered Edgewell Personal Care from a “c” rating to a “d+” rating in a research note on Thursday, November 9th. Jefferies Group restated a “hold” rating and issued a $78.00 target price on shares of Edgewell Personal Care in a research note on Thursday, October 19th. Finally, Wells Fargo & Co started coverage on Edgewell Personal Care in a research report on Tuesday, December 19th. They issued a “market perform” rating for the company. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Edgewell Personal Care has a consensus rating of “Hold” and an average price target of $68.67.

The company has a quick ratio of 1.87, a current ratio of 2.65 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $2,752.80, a PE ratio of -135.08, a P/E/G ratio of 2.88 and a beta of 0.74.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.37). The firm had revenue of $468.30 million during the quarter, compared to analyst estimates of $470.63 million. Edgewell Personal Care had a positive return on equity of 11.24% and a negative net margin of 0.92%. Edgewell Personal Care’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. analysts anticipate that Edgewell Personal Care Co will post 3.85 earnings per share for the current fiscal year.

Edgewell Personal Care declared that its board has initiated a stock buyback program on Thursday, February 8th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Institutional investors have recently bought and sold shares of the company. Caxton Associates LP acquired a new position in shares of Edgewell Personal Care during the 3rd quarter worth about $1,819,000. Sei Investments Co. grew its position in shares of Edgewell Personal Care by 9.6% during the 3rd quarter. Sei Investments Co. now owns 20,464 shares of the company’s stock worth $1,489,000 after buying an additional 1,785 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of Edgewell Personal Care by 110.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 43,629 shares of the company’s stock worth $3,175,000 after buying an additional 22,936 shares during the period. Jane Street Group LLC grew its position in shares of Edgewell Personal Care by 146.0% during the 3rd quarter. Jane Street Group LLC now owns 6,896 shares of the company’s stock worth $502,000 after buying an additional 21,896 shares during the period. Finally, State of Wisconsin Investment Board grew its position in shares of Edgewell Personal Care by 8.8% during the 3rd quarter. State of Wisconsin Investment Board now owns 79,561 shares of the company’s stock worth $5,790,000 after buying an additional 6,442 shares during the period. Institutional investors own 93.07% 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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