Wells Fargo & Company Cuts Edgewell Personal Care (NYSE:EPC) Price Target to $35.00

Edgewell Personal Care (NYSE:EPC) had its price objective lowered by Wells Fargo & Company from $37.00 to $35.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts also recently weighed in on EPC. Truist Financial lowered their price objective on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Barclays lowered their price objective on shares of Edgewell Personal Care from $36.00 to $33.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, UBS Group lowered their price objective on shares of Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.57.

Edgewell Personal Care Stock Up 2.4 %

Shares of NYSE EPC opened at $29.72 on Tuesday. The firm has a market cap of $1.45 billion, a PE ratio of 15.16 and a beta of 0.88. Edgewell Personal Care has a 12-month low of $26.65 and a 12-month high of $41.50. The company’s fifty day simple moving average is $33.27 and its 200 day simple moving average is $35.55. 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 (NYSE:EPC) last issued its earnings results on Monday, February 10th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. As a group, sell-side analysts forecast that Edgewell Personal Care will post 3.19 earnings per share for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.60 annualized dividend and a dividend yield of 2.02%. Edgewell Personal Care’s dividend payout ratio is currently 30.61%.

Institutional Trading of Edgewell Personal Care

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Edgewell Personal Care by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,799,860 shares of the company’s stock valued at $194,875,000 after purchasing an additional 24,850 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Edgewell Personal Care by 2.0% in the fourth quarter. American Century Companies Inc. now owns 3,222,739 shares of the company’s stock valued at $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 fourth 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 last quarter. LSV Asset Management raised its holdings in shares of Edgewell Personal Care by 6.8% in the fourth quarter. LSV Asset Management now owns 1,166,152 shares of the company’s stock valued at $39,183,000 after purchasing an additional 74,231 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Edgewell Personal Care by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,130,160 shares of the company’s stock valued at $41,078,000 after purchasing an additional 6,964 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.

About Edgewell Personal Care

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.