Barclays Has Lowered Expectations for Church & Dwight (NYSE:CHD) Stock Price

Church & Dwight (NYSE:CHD) had its target price dropped by research analysts at Barclays from $94.00 to $84.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s target price points to a potential downside of 9.45% from the stock’s previous close.

CHD has been the subject of a number of other reports. UBS Group lifted their target price on Church & Dwight from $109.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. JPMorgan Chase & Co. decreased their price objective on Church & Dwight from $106.00 to $98.00 and set an “underweight” rating for the company in a research note on Friday, April 11th. Truist Financial upped their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Bank of America upgraded shares of Church & Dwight from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $112.00 to $125.00 in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada dropped their price objective on shares of Church & Dwight from $105.00 to $100.00 and set a “sector perform” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Church & Dwight has a consensus rating of “Hold” and a consensus price target of $110.81.

Church & Dwight Stock Up 0.4 %

Shares of NYSE:CHD opened at $92.77 on Friday. The firm has a market capitalization of $22.83 billion, a PE ratio of 39.14, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. Church & Dwight has a 1 year low of $91.77 and a 1 year high of $116.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The firm’s 50-day moving average is $105.85 and its two-hundred day moving average is $105.92.

Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the firm earned $0.96 EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. Analysts predict that Church & Dwight will post 3.7 EPS for the current year.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the transaction, the executive vice president now owns 6,437 shares of the company’s stock, valued at $707,941.26. The trade was a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,570 shares of company stock worth $7,538,449. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Board of the Pension Protection Fund purchased a new position in shares of Church & Dwight during the fourth quarter worth about $639,000. American Century Companies Inc. lifted its position in Church & Dwight by 0.5% during the 4th quarter. American Century Companies Inc. now owns 1,426,177 shares of the company’s stock worth $149,335,000 after acquiring an additional 6,425 shares during the period. Financial Enhancement Group LLC grew its stake in shares of Church & Dwight by 456.2% in the 4th quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company’s stock valued at $6,232,000 after purchasing an additional 49,693 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Church & Dwight by 19.4% in the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock valued at $768,157,000 after purchasing an additional 1,190,154 shares during the period. Finally, Merit Financial Group LLC increased its holdings in shares of Church & Dwight by 131.0% in the fourth quarter. Merit Financial Group LLC now owns 5,769 shares of the company’s stock valued at $604,000 after purchasing an additional 3,272 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Company Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.