Edgewell Personal Care (NYSE:EPC) had its price objective lowered by research analysts at Morgan Stanley from $56.00 to $53.00 in a research report issued to clients and investors on Thursday. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 10.81% from the stock’s current price.
Several other analysts have also weighed in on the company. ValuEngine lowered Edgewell Personal Care from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Zacks Investment Research lowered Edgewell Personal Care from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Barclays set a $47.00 price objective on Edgewell Personal Care and gave the company a “sell” rating in a report on Saturday, February 10th. Royal Bank of Canada restated a “buy” rating and issued a $72.00 price objective on shares of Edgewell Personal Care in a report on Friday, February 9th. Finally, Deutsche Bank cut their price objective on Edgewell Personal Care from $65.00 to $53.00 and set a “hold” rating for the company in a report on Friday, February 9th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $67.64.
Shares of EPC stock opened at $47.83 on Thursday. The company has a quick ratio of 1.87, a current ratio of 2.65 and a debt-to-equity ratio of 1.01. Edgewell Personal Care has a 1 year low of $46.04 and a 1 year high of $78.04. The firm has a market cap of $2,644.26, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 3.57 and a beta of 0.77.
Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ 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 negative net margin of 0.92% and a positive return on equity of 11.24%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. equities analysts expect that Edgewell Personal Care will post 3.83 EPS for the current year.
Edgewell Personal Care announced that its Board of Directors has initiated a share repurchase program on Thursday, February 8th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
In related news, Director Daniel J. Heinrich bought 1,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $50.59 per share, with a total value of $50,590.00. Following the completion of the transaction, the director now directly owns 4,530 shares of the company’s stock, valued at $229,172.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Hunter III bought 552 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were bought at an average cost of $54.50 per share, for a total transaction of $30,084.00. Following the completion of the transaction, the director now directly owns 4,601 shares of the company’s stock, valued at $250,754.50. The disclosure for this purchase can be found here. Insiders have bought 10,021 shares of company stock worth $511,551 over the last ninety days. 0.97% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in EPC. Schroder Investment Management Group raised its position in Edgewell Personal Care by 531.2% during the fourth quarter. Schroder Investment Management Group now owns 884,300 shares of the company’s stock valued at $52,519,000 after buying an additional 744,200 shares during the period. Brandes Investment Partners LP acquired a new position in Edgewell Personal Care during the fourth quarter valued at $24,653,000. Bank of New York Mellon Corp raised its position in Edgewell Personal Care by 27.4% during the fourth quarter. Bank of New York Mellon Corp now owns 897,173 shares of the company’s stock valued at $53,284,000 after buying an additional 193,148 shares during the period. Clifford Swan Investment Counsel LLC raised its position in Edgewell Personal Care by 1,373.4% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 202,282 shares of the company’s stock valued at $12,014,000 after buying an additional 188,553 shares during the period. Finally, Gotham Asset Management LLC raised its position in Edgewell Personal Care by 186.9% during the fourth quarter. Gotham Asset Management LLC now owns 255,148 shares of the company’s stock valued at $15,153,000 after buying an additional 166,224 shares during the period. 96.87% of the stock is currently owned by institutional investors.
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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.
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