Edgewell Personal Care Co (NYSE:EPC) reached a new 52-week high and low during trading on Friday . The company traded as low as $42.00 and last traded at $42.45, with a volume of 765631 shares changing hands. The stock had previously closed at $44.31.
A number of research firms have commented on EPC. Morgan Stanley reduced their target price on Edgewell Personal Care from $53.00 to $49.00 and set an “equal weight” rating for the company in a report on Friday. Zacks Investment Research downgraded Edgewell Personal Care from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. ValuEngine downgraded Edgewell Personal Care from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Barclays set a $47.00 target price on Edgewell Personal Care and gave the company a “sell” rating in a report on Saturday, February 10th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $72.00 target price on shares of Edgewell Personal Care in a report on Friday, February 9th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Edgewell Personal Care currently has an average rating of “Hold” and a consensus price target of $67.27.
The stock has a market cap of $2,392.63, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 3.31 and a beta of 0.77. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.65 and a quick ratio of 1.87.
Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.37). Edgewell Personal Care had a negative net margin of 0.92% and a positive return on equity of 11.24%. The firm had revenue of $468.30 million during the quarter, compared to analysts’ expectations of $470.63 million. During the same quarter in the prior year, the business earned $0.66 EPS. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. analysts forecast that Edgewell Personal Care Co will post 3.79 earnings per share for the current fiscal year.
Edgewell Personal Care declared that its Board of Directors has authorized 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, VP Anthony J. Bender purchased 1,450 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average price of $50.02 per share, for a total transaction of $72,529.00. Following the completion of the transaction, the vice president now directly owns 14,359 shares in the company, valued at approximately $718,237.18. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David P. Hatfield purchased 3,969 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was purchased at an average price of $50.38 per share, with a total value of $199,958.22. Following the transaction, the chief executive officer now owns 18,619 shares of the company’s stock, valued at $938,025.22. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 10,021 shares of company stock valued at $511,551. Company insiders own 0.97% of the company’s stock.
Several hedge funds have recently made changes to their positions in EPC. Schroder Investment Management Group increased its position in shares of Edgewell Personal Care by 531.2% in 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 in the last quarter. Brandes Investment Partners LP purchased a new stake in Edgewell Personal Care during the 4th quarter worth about $24,653,000. Bank of New York Mellon Corp increased its position in Edgewell Personal Care by 27.4% during the 4th quarter. Bank of New York Mellon Corp now owns 897,173 shares of the company’s stock worth $53,284,000 after purchasing an additional 193,148 shares in the last quarter. Clifford Swan Investment Counsel LLC increased its position in Edgewell Personal Care by 1,373.4% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 202,282 shares of the company’s stock worth $12,014,000 after purchasing an additional 188,553 shares in the last quarter. Finally, Gotham Asset Management LLC increased its position in Edgewell Personal Care by 186.9% during the 4th quarter. Gotham Asset Management LLC now owns 255,148 shares of the company’s stock worth $15,153,000 after purchasing an additional 166,224 shares in the last quarter. Institutional investors and hedge funds own 96.86% 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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