Edgewell Personal Care (NYSE:EPC) Given New $32.00 Price Target at Wells Fargo & Company

Edgewell Personal Care (NYSE:EPC) had its price target boosted by Wells Fargo & Company from $30.00 to $32.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

EPC has been the subject of several other research reports. Barclays increased their target price on shares of Edgewell Personal Care from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $35.00 price target on shares of Edgewell Personal Care in a research note on Tuesday. Morgan Stanley set a $31.00 price target on shares of Edgewell Personal Care in a research report on Thursday, August 6th. Raymond James Financial reissued a “market perform” rating on shares of Edgewell Personal Care in a research report on Thursday. Finally, UBS Group restated a “neutral” rating and set a $30.00 price objective on shares of Edgewell Personal Care in a research note on Thursday, October 15th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.83.

Edgewell Personal Care Stock Down 5.0%

Edgewell Personal Care stock traded down $1.43 during midday trading on Friday, reaching $27.31. The stock had a trading volume of 634,060 shares, compared to its average volume of 518,773. The firm’s fifty day simple moving average is $27.83 and its 200-day simple moving average is $24.37. Edgewell Personal Care has a 1-year low of $15.73 and a 1-year high of $30.36. The stock has a market capitalization of $1.26 billion, a P/E ratio of -24.60 and a beta of 0.36. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.12 and a current ratio of 1.82.

Edgewell Personal Care (NYSE:EPC) last released its earnings results on Thursday, November 12th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. Edgewell Personal Care had a positive return on equity of 6.17% and a negative net margin of 2.59%. The firm had revenue of $484.10 million for the quarter, compared to analysts’ expectations of $479.88 million. During the same quarter in the previous year, the business posted $0.68 EPS. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. Edgewell Personal Care has set its FY 2027 guidance at 1.850-2.150 EPS. As a group, analysts expect that Edgewell Personal Care will post 2.03 EPS for the current fiscal year.

Edgewell Personal Care Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 3rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $0.60 annualized dividend and a dividend yield of 2.2%. Edgewell Personal Care’s dividend payout ratio (DPR) is currently -54.05%.

Hedge Funds Weigh In On Edgewell Personal Care

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

Trending Headlines about Edgewell Personal Care

Investors following EPC have been watching these headlines:

• Positive Sentiment: Wells Fargo raised its price target on EPC from $30 to $32 and maintained an “overweight” rating, signaling confidence in further upside. Wells Fargo rating information
• Neutral Sentiment: The company declared a quarterly dividend of $0.15 per share, or $0.60 annualized, representing a yield of about 2.1% at the cited share price.
• Negative Sentiment: Fiscal 2027 plans include a reported $55 million charge, which could weigh on results despite the company’s adjusted-growth outlook. Fiscal 2027 charge report

Edgewell Personal Care Company Profile

Edgewell Personal Care is a global consumer products company focused on personal grooming and sun and skin care. Its products include shaving systems, disposable razors, shaving gels and creams, sunscreens and skin care products, sold through retailers and online channels. Its brand portfolio includes Schick, Wilkinson Sword, Edge, Skintimate, Billie, Banana Boat, Hawaiian Tropic, Bulldog and Jack Black. The company serves consumers in the United States and international markets. Edgewell became an independent public company in 2015 following its separation from Energizer Holdings.