Edgewell Personal Care (NYSE:EPC) Hits New 1-Year High – Time to Buy?

Edgewell Personal Care Company (NYSE:EPC)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $29.94 and last traded at $27.92, with a volume of 59015 shares. The stock had previously closed at $27.19.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EPC shares. Weiss Ratings reissued a “sell (d)” rating on shares of Edgewell Personal Care in a research report on Wednesday, June 24th. Barclays raised their target price on shares of Edgewell Personal Care from $21.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Canaccord Genuity Group lifted their target price on shares of Edgewell Personal Care from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Wells Fargo & Company boosted their price target on Edgewell Personal Care from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Finally, Zacks Research raised Edgewell Personal Care from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Edgewell Personal Care currently has a consensus rating of “Hold” and a consensus price target of $28.00.

Edgewell Personal Care Stock Performance

The company has a market cap of $1.31 billion, a price-to-earnings ratio of -17.03 and a beta of 0.39. The company has a current ratio of 1.81, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock’s 50 day moving average price is $24.81 and its 200 day moving average price is $22.11.

Edgewell Personal Care (NYSE:EPC) last released its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.17. Edgewell Personal Care had a negative net margin of 3.69% and a positive return on equity of 6.31%. The business had revenue of $519.50 million for the quarter, compared to analysts’ expectations of $518.51 million. During the same period last year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts expect that Edgewell Personal Care Company will post 1.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Edgewell Personal Care

Hedge funds have recently made changes to their positions in the stock. Ausbil Investment Management Ltd grew its stake in shares of Edgewell Personal Care by 132.7% during the 2nd quarter. Ausbil Investment Management Ltd now owns 23,875 shares of the company’s stock valued at $657,000 after buying an additional 13,616 shares during the period. Bank of America Corp DE raised its position in shares of Edgewell Personal Care by 176.5% in the 1st quarter. Bank of America Corp DE now owns 260,344 shares of the company’s stock worth $5,556,000 after buying an additional 166,204 shares during the period. Amundi acquired a new position in Edgewell Personal Care in the first quarter valued at $386,000. EverSource Wealth Advisors LLC boosted its holdings in Edgewell Personal Care by 679.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,279 shares of the company’s stock valued at $27,000 after acquiring an additional 1,115 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Edgewell Personal Care by 29.4% during the first quarter. California State Teachers Retirement System now owns 56,409 shares of the company’s stock valued at $1,204,000 after acquiring an additional 12,811 shares during the period. Institutional investors and hedge funds own 91.91% of the company’s stock.

About Edgewell Personal Care

Edgewell Personal Care Inc, incorporated in 2015 and headquartered in Shelton, Connecticut, is a global consumer products company specializing in personal care, sun care, shaving and feminine care solutions. The company emerged as a spin-off from Energizer Holdings’ personal care division, listing its shares on the New York Stock Exchange under the ticker “EPC.” Edgewell’s portfolio comprises well-known brands that cater to everyday personal grooming and protection needs.

In the shaving segment, Edgewell markets razors and refill blades under brands such as Schick and Wilkinson Sword, targeting both men’s and women’s grooming categories.