Edgewell Personal Care Co (NYSE:EPC) has been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $66.88.
A number of research firms recently commented on EPC. Zacks Investment Research cut shares of Edgewell Personal Care from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Morgan Stanley lowered their price target on shares of Edgewell Personal Care from $56.00 to $53.00 and set an “equal weight” rating on the stock in a report on Thursday, April 5th. ValuEngine cut shares of Edgewell Personal Care from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Barclays set a $47.00 price target on shares of Edgewell Personal Care and gave the stock a “sell” rating in a report on Saturday, February 10th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $72.00 price target on shares of Edgewell Personal Care in a report on Friday, February 9th.
NYSE:EPC opened at $44.31 on Friday. The company has a current ratio of 2.65, a quick ratio of 1.87 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $2,561.65, a P/E ratio of 11.16, a P/E/G ratio of 3.53 and a beta of 0.77. Edgewell Personal Care has a 12 month low of $44.16 and a 12 month high of $78.04.
Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.37). The company had revenue of $468.30 million during the quarter, compared to the consensus estimate of $470.63 million. Edgewell Personal Care had a positive return on equity of 11.24% and a negative net margin of 0.92%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. sell-side analysts expect that Edgewell Personal Care will post 3.8 EPS for the current year.
Edgewell Personal Care announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 8th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other Edgewell Personal Care news, VP Anthony J. Bender bought 1,050 shares of the stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of $50.00 per share, with a total value of $52,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel J. Heinrich bought 1,000 shares of the stock in a transaction on Monday, February 12th. The shares were acquired at an average cost of $50.59 per share, for a total transaction of $50,590.00. Following the acquisition, the director now directly owns 4,530 shares in the company, valued at $229,172.70. The disclosure for this purchase can be found here. Insiders have acquired a total of 10,021 shares of company stock worth $511,551 in the last three months. Insiders own 0.97% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Swiss National Bank grew its position in shares of Edgewell Personal Care by 1.5% during the 4th quarter. Swiss National Bank now owns 92,200 shares of the company’s stock valued at $5,476,000 after purchasing an additional 1,400 shares in the last quarter. MainStreet Investment Advisors LLC purchased a new position in shares of Edgewell Personal Care during the 4th quarter valued at $287,000. Systematic Financial Management LP grew its position in shares of Edgewell Personal Care by 30.1% during the 4th quarter. Systematic Financial Management LP now owns 26,295 shares of the company’s stock valued at $1,562,000 after purchasing an additional 6,090 shares in the last quarter. Two Sigma Securities LLC purchased a new position in shares of Edgewell Personal Care during the 4th quarter valued at $229,000. Finally, Elkfork Partners LLC purchased a new position in shares of Edgewell Personal Care during the 4th quarter valued at $388,000. 96.86% of the stock is currently owned by institutional investors and hedge funds.
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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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