Edgewell Personal Care (NYSE:EPC) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Edgewell Personal Care (NYSE:EPC) from a sell rating to a hold rating in a research report released on Saturday.

EPC has been the topic of several other research reports. Barclays decreased their price target on Edgewell Personal Care from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. Canaccord Genuity Group lowered their target price on Edgewell Personal Care from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. UBS Group raised their price target on Edgewell Personal Care from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Wells Fargo & Company decreased their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Finally, Morgan Stanley dropped their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $33.00.

Edgewell Personal Care Price Performance

Edgewell Personal Care stock opened at $28.48 on Friday. The company has a market cap of $1.34 billion, a P/E ratio of 15.56 and a beta of 0.91. Edgewell Personal Care has a one year low of $24.35 and a one year high of $41.50. The business has a fifty day moving average of $29.66 and a two-hundred day moving average of $32.17. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.97 and a current ratio of 2.06.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.03). The company had revenue of $580.70 million during the quarter, compared to analyst estimates of $591.01 million. Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.88 EPS. As a group, analysts predict that Edgewell Personal Care will post 3.16 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, July 9th. Investors of record on Friday, June 6th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, June 6th. Edgewell Personal Care’s payout ratio is 35.09%.

Institutional Investors Weigh In On Edgewell Personal Care

Hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC lifted its stake in shares of Edgewell Personal Care by 85.9% during the fourth quarter. Quadrant Capital Group LLC now owns 751 shares of the company’s stock valued at $25,000 after buying an additional 347 shares during the period. PNC Financial Services Group Inc. grew its stake in Edgewell Personal Care by 238.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 975 shares of the company’s stock worth $30,000 after acquiring an additional 687 shares during the period. R Squared Ltd acquired a new position in Edgewell Personal Care in the 4th quarter valued at $36,000. Wolverine Asset Management LLC lifted its stake in shares of Edgewell Personal Care by 217.4% during the 4th quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company’s stock worth $39,000 after purchasing an additional 800 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of Edgewell Personal Care by 805.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,531 shares of the company’s stock worth $51,000 after purchasing an additional 1,362 shares during the last quarter. 91.91% of the stock is owned by institutional investors and hedge funds.

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.