Edgewell Personal Care (NYSE:EPC) Price Target Cut to $32.00 by Analysts at Wells Fargo & Company

Edgewell Personal Care (NYSE:EPC) had its target price cut by Wells Fargo & Company from $35.00 to $32.00 in a report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts also recently issued reports about the stock. Canaccord Genuity Group dropped their target price on shares of Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Barclays dropped their price objective on shares of Edgewell Personal Care from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Morgan Stanley reduced their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. Royal Bank of Canada dropped their price target on Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Finally, UBS Group upped their price objective on Edgewell Personal Care from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.00.

Edgewell Personal Care Trading Up 0.1 %

Shares of NYSE EPC opened at $27.23 on Thursday. Edgewell Personal Care has a twelve month low of $24.35 and a twelve month high of $41.50. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 14.88 and a beta of 0.91. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 0.96. The company’s fifty day moving average is $30.03 and its 200-day moving average is $32.47.

Edgewell Personal Care (NYSE:EPC) last posted its earnings results on Wednesday, May 7th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.03). Edgewell Personal Care had a return on equity of 9.29% and a net margin of 4.09%. The business had revenue of $580.70 million for the quarter, compared to the consensus estimate of $591.01 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. Equities research analysts predict that Edgewell Personal Care will post 3.16 EPS for the current year.

Edgewell Personal Care Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 2.20%. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 32.79%.

Institutional Investors Weigh In On Edgewell Personal Care

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Edgewell Personal Care by 4.6% during the first quarter. Vanguard Group Inc. now owns 6,066,471 shares of the company’s stock worth $189,335,000 after buying an additional 266,611 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Edgewell Personal Care by 2.0% during the 4th quarter. American Century Companies Inc. now owns 3,222,739 shares of the company’s stock worth $108,284,000 after purchasing an additional 64,257 shares during the last quarter. Brandes Investment Partners LP raised its holdings in shares of Edgewell Personal Care by 21.1% in the 4th quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company’s stock valued at $68,600,000 after purchasing an additional 355,224 shares during the period. LSV Asset Management lifted its stake in Edgewell Personal Care by 14.6% in the 1st quarter. LSV Asset Management now owns 1,335,884 shares of the company’s stock valued at $41,693,000 after purchasing an additional 169,732 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Edgewell Personal Care by 7.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 881,101 shares of the company’s stock worth $27,499,000 after purchasing an additional 64,059 shares during the period. Institutional investors own 91.91% of the company’s stock.

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.