Edgewell Personal Care (NYSE:EPC) Price Target Cut to $28.00 by Analysts at Barclays

Edgewell Personal Care (NYSE:EPC) had its price target cut by Barclays from $30.00 to $28.00 in a research note published on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts have also commented on the company. Morgan Stanley decreased their price objective on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. UBS Group decreased their price target on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada dropped their price objective on Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Wells Fargo & Company cut their target price on shares of Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Finally, Canaccord Genuity Group lowered their price target on shares of Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Edgewell Personal Care currently has an average rating of “Hold” and an average price target of $36.29.

Edgewell Personal Care Stock Performance

Edgewell Personal Care stock opened at $29.80 on Friday. Edgewell Personal Care has a 12-month low of $26.65 and a 12-month high of $41.50. The stock has a 50-day simple moving average of $30.32 and a 200 day simple moving average of $33.19. 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 stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 16.28 and a beta of 0.94.

Edgewell Personal Care (NYSE:EPC) last announced its earnings results on Monday, February 10th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). Edgewell Personal Care had a return on equity of 9.29% and a net margin of 4.09%. On average, research analysts anticipate that Edgewell Personal Care will post 3.16 earnings per share for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were paid a $0.15 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.01%. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 32.79%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EPC. GAMMA Investing LLC raised its holdings in Edgewell Personal Care by 4,732.4% in the first quarter. GAMMA Investing LLC now owns 23,002 shares of the company’s stock worth $737,000 after purchasing an additional 22,526 shares during the period. Central Pacific Bank Trust Division increased its position in shares of Edgewell Personal Care by 4.5% in the 1st quarter. Central Pacific Bank Trust Division now owns 17,450 shares of the company’s stock valued at $545,000 after buying an additional 750 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in Edgewell Personal Care during the 4th quarter worth $351,000. ProShare Advisors LLC lifted its holdings in Edgewell Personal Care by 42.7% during the fourth quarter. ProShare Advisors LLC now owns 14,645 shares of the company’s stock worth $492,000 after acquiring an additional 4,379 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Edgewell Personal Care by 117.3% in the fourth quarter. Millennium Management LLC now owns 443,507 shares of the company’s stock valued at $14,902,000 after acquiring an additional 239,404 shares during the period. 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.