Commerce Bank decreased its position in Edgewell Personal Care Co (NYSE:EPC) by 5.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 208,780 shares of the company’s stock after selling 11,627 shares during the period. Commerce Bank owned 0.39% of Edgewell Personal Care worth $9,652,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Edgewell Personal Care in the second quarter valued at approximately $116,000. Acadian Asset Management LLC boosted its holdings in shares of Edgewell Personal Care by 577.3% in the third quarter. Acadian Asset Management LLC now owns 4,152 shares of the company’s stock valued at $192,000 after purchasing an additional 3,539 shares during the period. Parametrica Management Ltd purchased a new stake in shares of Edgewell Personal Care in the second quarter valued at approximately $201,000. Leavell Investment Management Inc. purchased a new stake in shares of Edgewell Personal Care in the third quarter valued at approximately $229,000. Finally, Point72 Hong Kong Ltd boosted its holdings in shares of Edgewell Personal Care by 216.3% in the second quarter. Point72 Hong Kong Ltd now owns 5,811 shares of the company’s stock valued at $293,000 after purchasing an additional 3,974 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.
A number of analysts recently issued reports on EPC shares. Citigroup boosted their price target on Edgewell Personal Care from $61.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Zacks Investment Research upgraded Edgewell Personal Care from a “sell” rating to a “buy” rating and set a $63.00 price target for the company in a report on Friday, August 10th. TheStreet upgraded Edgewell Personal Care from a “d+” rating to a “c-” rating in a report on Wednesday, August 22nd. Morgan Stanley boosted their price objective on shares of Edgewell Personal Care from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Friday, August 31st. Finally, Societe Generale downgraded shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $53.18.
Shares of NYSE:EPC opened at $47.80 on Wednesday. The company has a market capitalization of $2.59 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 5.51 and a beta of 0.73. Edgewell Personal Care Co has a 52 week low of $39.50 and a 52 week high of $62.72. The company has a quick ratio of 0.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.64.
Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13. The company had revenue of $620.60 million during the quarter, compared to the consensus estimate of $619.95 million. Edgewell Personal Care had a negative net margin of 2.85% and a positive return on equity of 10.99%. Edgewell Personal Care’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 earnings per share. On average, sell-side analysts predict that Edgewell Personal Care Co will post 3.48 EPS for the current fiscal year.
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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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