Edgewell Personal Care (NYSE:EPC) Hits New 52-Week High – Should You Buy?

Edgewell Personal Care Company (NYSE:EPC) shares reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $29.95 and last traded at $29.8510, with a volume of 278,358 shares. The stock had previously closed at $27.93.

Analyst Ratings Changes

EPC has been the subject of several research reports. Royal Bank Of Canada lifted their target price on Edgewell Personal Care from $26.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. UBS Group reissued a “neutral” rating and set a $30.00 price target on shares of Edgewell Personal Care in a research report on Thursday, October 15th. Canaccord Genuity Group increased their price target on shares of Edgewell Personal Care from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Wells Fargo & Company lowered their price objective on shares of Edgewell Personal Care from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Finally, Weiss Ratings raised shares of Edgewell Personal Care from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Edgewell Personal Care presently has an average rating of “Hold” and an average target price of $31.50.

Edgewell Personal Care Stock Performance

The stock has a 50-day moving average price of $27.79 and a 200 day moving average price of $23.98. The company has a quick ratio of 1.12, a current ratio of 1.84 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -14.86 and a beta of 0.36.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.08. Edgewell Personal Care had a negative net margin of 4.55% and a positive return on equity of 5.76%. The company had revenue of $570.10 million during the quarter, compared to the consensus estimate of $574.87 million. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. On average, analysts forecast that Edgewell Personal Care Company will post 1.94 EPS for the current year.

Institutional Investors Weigh In On Edgewell Personal Care

Several institutional investors have recently modified their holdings of EPC. BlackRock Inc. acquired a new position in shares of Edgewell Personal Care during the second quarter worth $197,543,000. Rubric Capital Management LP increased its holdings in Edgewell Personal Care by 297.2% in the first quarter. Rubric Capital Management LP now owns 4,000,000 shares of the company’s stock valued at $85,360,000 after buying an additional 2,992,929 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Edgewell Personal Care in the second quarter valued at $14,542,000. Bank of New York Mellon Corp acquired a new stake in Edgewell Personal Care in the second quarter valued at $7,948,000. Finally, Bank of America Corp DE acquired a new stake in Edgewell Personal Care in the second quarter valued at $6,271,000. 91.91% of the stock is owned by hedge funds and other institutional investors.

Edgewell Personal Care Company Profile

Edgewell Personal Care Company (NYSE: EPC) is a global consumer products company focused on personal care products. Its portfolio includes shaving, sun care, skin care and feminine care products sold under brands such as Schick, Wilkinson Sword, Edge, Skintimate, Billie, Banana Boat, Hawaiian Tropic, Bulldog, Jack Black and Playtex.

The company’s shaving business offers razors, blades, shaving creams and gels for men and women. Its sun and skin care operations provide sunscreen, after-sun products and related personal care items, while its feminine care portfolio includes tampons and other menstrual care products.