Investors Buy Shares of Edgewell Personal Care (EPC) on Weakness
Traders bought shares of Edgewell Personal Care Co (NYSE:EPC) on weakness during trading hours on Tuesday. $23.80 million flowed into the stock on the tick-up and $4.58 million flowed out of the stock on the tick-down, for a money net flow of $19.22 million into the stock. Of all stocks tracked, Edgewell Personal Care had the 33rd highest net in-flow for the day. Edgewell Personal Care traded down ($0.04) for the day and closed at $59.65
A number of research analysts have commented on the company. BidaskClub raised Edgewell Personal Care from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Jefferies Group reaffirmed a “hold” rating and set a $78.00 target price on shares of Edgewell Personal Care in a report on Tuesday, September 12th. Zacks Investment Research downgraded Edgewell Personal Care from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Bank of America reduced their target price on Edgewell Personal Care from $79.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, October 13th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Edgewell Personal Care in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Edgewell Personal Care has a consensus rating of “Hold” and a consensus target price of $76.27.
The company has a debt-to-equity ratio of 0.88, a current ratio of 2.26 and a quick ratio of 1.63. The stock has a market capitalization of $3,338.65, a PE ratio of 14.98, a price-to-earnings-growth ratio of 3.27 and a beta of 0.87.
In related news, Director Daniel J. Heinrich purchased 1,500 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $57.08 per share, for a total transaction of $85,620.00. Following the transaction, the director now owns 3,530 shares of the company’s stock, valued at $201,492.40. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.64% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Edgewell Personal Care by 1,366.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,801 shares of the company’s stock valued at $10,400,000 after acquiring an additional 127,474 shares during the period. Clinton Group Inc. acquired a new stake in Edgewell Personal Care in the 2nd quarter valued at approximately $637,000. Commerce Bank increased its position in Edgewell Personal Care by 0.7% in the 2nd quarter. Commerce Bank now owns 255,067 shares of the company’s stock valued at $19,390,000 after acquiring an additional 1,669 shares during the period. American Century Companies Inc. increased its position in Edgewell Personal Care by 38.4% in the 2nd quarter. American Century Companies Inc. now owns 321,828 shares of the company’s stock valued at $24,465,000 after acquiring an additional 89,231 shares during the period. Finally, AHL Partners LLP acquired a new stake in Edgewell Personal Care in the 2nd quarter valued at approximately $3,065,000. Hedge funds and other institutional investors own 91.71% 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.
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