Barclays Trims Edgewell Personal Care (NYSE:EPC) Target Price to $37.00

Edgewell Personal Care (NYSE:EPC) had its price target decreased by Barclays from $40.00 to $37.00 in a research report report published on Friday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities analysts have also commented on EPC. StockNews.com lowered Edgewell Personal Care from a buy rating to a hold rating in a research note on Friday, September 20th. UBS Group dropped their price objective on Edgewell Personal Care from $42.00 to $40.00 and set a neutral rating on the stock in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $41.20.

Edgewell Personal Care Price Performance

NYSE EPC opened at $34.85 on Friday. Edgewell Personal Care has a fifty-two week low of $33.27 and a fifty-two week high of $41.50. The stock’s 50-day moving average is $37.28 and its two-hundred day moving average is $38.24. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 0.94. The firm has a market cap of $1.73 billion, a P/E ratio of 14.58 and a beta of 0.86.

Edgewell Personal Care (NYSE:EPC) last posted its earnings results on Tuesday, August 6th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.21. The company had revenue of $647.80 million for the quarter, compared to analyst estimates of $649.67 million. Edgewell Personal Care had a return on equity of 9.92% and a net margin of 5.26%. The business’s revenue was down .3% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. On average, analysts anticipate that Edgewell Personal Care will post 3 earnings per share for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 4th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Wednesday, September 4th. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 25.10%.

Institutional Investors Weigh In On Edgewell Personal Care

Institutional investors have recently added to or reduced their stakes in the company. Clearstead Trust LLC acquired a new stake in Edgewell Personal Care during the second quarter worth about $33,000. Northwest Investment Counselors LLC acquired a new stake in Edgewell Personal Care during the first quarter valued at approximately $35,000. Acadian Asset Management LLC acquired a new stake in Edgewell Personal Care during the second quarter valued at approximately $53,000. Innealta Capital LLC acquired a new stake in Edgewell Personal Care during the second quarter valued at approximately $76,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Edgewell Personal Care during the second quarter valued at approximately $84,000. 91.91% of the stock is owned by institutional investors and hedge funds.

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.