Sciencast Management LP increased its stake in Edgewell Personal Care Co (NYSE:EPC) by 87.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,102 shares of the company’s stock after purchasing an additional 4,243 shares during the quarter. Sciencast Management LP’s holdings in Edgewell Personal Care were worth $529,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of EPC. Avestar Capital LLC bought a new stake in Edgewell Personal Care in the fourth quarter valued at $103,000. Amundi Pioneer Asset Management Inc. acquired a new position in Edgewell Personal Care in the fourth quarter worth $120,000. Ford Financial Group Inc. acquired a new position in Edgewell Personal Care in the fourth quarter worth $133,000. Robeco Institutional Asset Management B.V. boosted its stake in Edgewell Personal Care by 3,194.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,163 shares of the company’s stock worth $188,000 after purchasing an additional 3,067 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Edgewell Personal Care during the fourth quarter valued at $201,000. 96.87% of the stock is currently owned by institutional investors.
In related news, Director John C. Hunter III bought 552 shares of the business’s stock in a transaction on Friday, February 16th. The shares were purchased at an average cost of $54.50 per share, with a total value of $30,084.00. Following the acquisition, the director now owns 4,601 shares of the company’s stock, valued at $250,754.50. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, VP Anthony J. Bender bought 1,450 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $50.02 per share, for a total transaction of $72,529.00. Following the completion of the acquisition, the vice president now directly owns 14,359 shares in the company, valued at approximately $718,237.18. The disclosure for this purchase can be found here. Insiders have purchased a total of 10,021 shares of company stock worth $511,551 in the last 90 days. 0.97% of the stock is currently owned by corporate insiders.
EPC has been the topic of several research reports. Zacks Investment Research lowered Edgewell Personal Care from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Bank of America lowered Edgewell Personal Care from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 4th. Deutsche Bank lowered their price target 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. Barclays set a $47.00 price target on Edgewell Personal Care and gave the stock a “sell” rating in a report on Saturday, February 10th. Finally, Wells Fargo started coverage on Edgewell Personal Care in a report on Tuesday, December 19th. They set a “market perform” rating for the company. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $67.64.
Edgewell Personal Care stock traded down $0.95 during mid-day trading on Friday, reaching $47.83. 454,634 shares of the company were exchanged, compared to its average volume of 720,793. Edgewell Personal Care Co has a 12 month low of $46.04 and a 12 month high of $78.04. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.65 and a quick ratio of 1.87. The firm has a market cap of $2,634.00, a PE ratio of 12.05, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77.
Edgewell Personal Care (NYSE:EPC) last posted 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). Edgewell Personal Care had a positive return on equity of 11.24% and a negative net margin of 0.92%. The company had revenue of $468.30 million for the quarter, compared to the consensus estimate of $470.63 million. During the same quarter last year, the business earned $0.66 EPS. Edgewell Personal Care’s revenue was down 3.4% on a year-over-year basis. sell-side analysts expect that Edgewell Personal Care Co will post 3.82 earnings per share for the current fiscal year.
Edgewell Personal Care announced that its Board of Directors has approved a share repurchase plan on Thursday, February 8th that permits the company to repurchase 10,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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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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