Wells Fargo & Company Reiterates “Market Perform” Rating for Edgewell Personal Care (EPC)
Edgewell Personal Care (NYSE:EPC)‘s stock had its “market perform” rating reiterated by stock analysts at Wells Fargo & Company in a research note issued to investors on Monday. They currently have a $59.00 price objective on the stock. Wells Fargo & Company’s price target points to a potential downside of 2.70% from the company’s current price.
The analysts wrote, “We see few near-term positive catalysts for shares outside of potential U.S. tax reform (U.S. is 58% of sales), and resume with a Market Perform rating and $59 price target. Wet Shave Is The Center of EPC’s Struggles – Wet Shave is EPC’s largest and most profitable segment (~60% of sales & ~65% of profits). EPC faces unprecedented challenges, including (1) Weak category growth, expected to be down mid-single digits in the U.S. and down -2% globally in FY18; (2) Significant competitive pressures from PG, including a recent 12% price cut in U.S. Men’s Blades & Razors, and new innovation launching in Jan across all price points; and (3) Shave clubs continuing to take significant shr. Also, EPC is under-indexed in fast-growing channels like e-comm & direct- to-consumer, and Schick screened among the weakest brands in our Consumer Shaving Survey published 12/18/17.””
A number of other research firms also recently weighed in on EPC. Citigroup dropped their target price on Edgewell Personal Care from $87.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, November 10th. Zacks Investment Research downgraded Edgewell Personal Care from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 14th. Bank of America dropped their price objective on Edgewell Personal Care from $77.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, November 10th. Morgan Stanley dropped their price objective on Edgewell Personal Care from $80.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, November 10th. Finally, Barclays downgraded Edgewell Personal Care from an “equal weight” rating to an “underweight” rating and set a $55.00 price objective for the company. in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.83.
Edgewell Personal Care (NYSE:EPC) last released its earnings results on Thursday, November 9th. The company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). The firm had revenue of $564.90 million for the quarter, compared to the consensus estimate of $588.28 million. Edgewell Personal Care had a return on equity of 12.54% and a net margin of 0.25%. The company’s revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 EPS. research analysts forecast that Edgewell Personal Care will post 3.85 EPS for the current year.
In related news, Director Daniel J. Heinrich acquired 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $57.08 per share, for a total transaction of $85,620.00. Following the completion of the acquisition, the director now owns 3,530 shares of the company’s stock, valued at approximately $201,492.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.97% of the company’s stock.
Several institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. increased its holdings in shares of Edgewell Personal Care by 2.4% in the second quarter. Pacer Advisors Inc. now owns 8,379 shares of the company’s stock worth $637,000 after acquiring an additional 199 shares in the last quarter. Comerica Bank increased its holdings in shares of Edgewell Personal Care by 0.5% in the second quarter. Comerica Bank now owns 45,915 shares of the company’s stock worth $3,357,000 after acquiring an additional 215 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Edgewell Personal Care by 0.8% in the second quarter. Ameritas Investment Partners Inc. now owns 31,883 shares of the company’s stock worth $2,423,000 after acquiring an additional 257 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Edgewell Personal Care by 0.7% in the second quarter. Prudential Financial Inc. now owns 36,270 shares of the company’s stock worth $2,757,000 after acquiring an additional 260 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Edgewell Personal Care by 3.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 10,241 shares of the company’s stock worth $864,000 after acquiring an additional 346 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.
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Edgewell Personal Care Company Profile
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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