Point72 Hong Kong Ltd Acquires New Stake in Edgewell Personal Care Co (NYSE:EPC)

Point72 Hong Kong Ltd bought a new position in Edgewell Personal Care Co (NYSE:EPC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,250 shares of the company’s stock, valued at approximately $118,000.

A number of other large investors have also recently added to or reduced their stakes in EPC. Allspring Global Investments Holdings LLC grew its holdings in shares of Edgewell Personal Care by 63.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 664,902 shares of the company’s stock worth $24,163,000 after buying an additional 259,200 shares in the last quarter. Brandes Investment Partners LP grew its stake in shares of Edgewell Personal Care by 19.7% during the 2nd quarter. Brandes Investment Partners LP now owns 1,529,647 shares of the company’s stock worth $61,545,000 after acquiring an additional 252,235 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Edgewell Personal Care in the third quarter valued at approximately $6,128,000. LSV Asset Management raised its holdings in shares of Edgewell Personal Care by 16.6% in the second quarter. LSV Asset Management now owns 1,071,354 shares of the company’s stock valued at $43,058,000 after purchasing an additional 152,200 shares during the last quarter. Finally, Kestrel Investment Management Corp bought a new stake in shares of Edgewell Personal Care in the second quarter worth $4,855,000. Institutional investors own 91.91% of the company’s stock.

Edgewell Personal Care Trading Up 0.1 %

Shares of NYSE:EPC opened at $37.81 on Wednesday. The stock has a market cap of $1.84 billion, a PE ratio of 19.29 and a beta of 0.88. The company has a quick ratio of 0.81, a current ratio of 1.66 and a debt-to-equity ratio of 0.80. Edgewell Personal Care Co has a 12-month low of $33.27 and a 12-month high of $41.50. The business has a 50 day moving average of $35.49 and a 200-day moving average of $37.71.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The firm had revenue of $517.60 million for the quarter, compared to analyst estimates of $535.23 million. During the same period in the prior year, the firm posted $0.72 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Edgewell Personal Care Co will post 3.21 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 3rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, December 3rd. Edgewell Personal Care’s dividend payout ratio (DPR) is currently 30.61%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EPC. Barclays decreased their price target on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. UBS Group lowered their price target on Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Truist Financial cut their price objective on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, StockNews.com lowered Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.40.

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.