Zacks Investment Research Downgrades Edgewell Personal Care (EPC) to Sell

Zacks Investment Research cut shares of Edgewell Personal Care (NYSE:EPC) from a hold rating to a sell rating in a research report report published on Monday morning.

According to Zacks, “Edgewell Personal Care Co. manufactures and markets personal care products. The company’s brand consists of Schick(R) and Wilkinson Sword(R) men’s and women’s shaving systems and disposable razors; Edge(R) and Skintimate(R) shave preparations; Playtex(R), Stayfree(R), Carefree(R) and o.b. (R) feminine care products; Banana Boat(R) and Hawaiian Tropic(R) sun care products; Playtex(R) infant feeding, Diaper Genie(R) and gloves; Wet Ones(R) moist wipes. Edgewell Personal Care Co., formerly known as Energizer Holdings, is based in St Louis, United States. “

Several other research firms have also weighed in on EPC. Societe Generale lowered shares of Edgewell Personal Care from a buy rating to a hold rating in a report on Thursday, August 9th. Morgan Stanley lifted their target price on shares of Edgewell Personal Care from $49.00 to $53.00 and gave the company an equal weight rating in a report on Friday, August 31st. Bank of America lifted their target price on shares of Edgewell Personal Care from $45.00 to $50.00 and gave the company an underperform rating in a report on Monday, July 16th. Wells Fargo & Co restated a hold rating on shares of Edgewell Personal Care in a report on Tuesday, August 7th. Finally, TheStreet upgraded shares of Edgewell Personal Care from a d+ rating to a c- rating in a report on Wednesday, August 22nd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average price target of $53.18.

NYSE:EPC opened at $45.77 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.79 and a debt-to-equity ratio of 0.64. The firm has a market cap of $2.50 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 4.43 and a beta of 0.95. Edgewell Personal Care has a twelve month low of $39.50 and a twelve month high of $70.84.

Edgewell Personal Care (NYSE:EPC) last posted its earnings results on Tuesday, August 7th. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.13. The business had revenue of $620.60 million for the quarter, compared to analyst estimates of $619.95 million. Edgewell Personal Care had a negative net margin of 2.85% and a positive return on equity of 10.99%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 EPS. Sell-side analysts forecast that Edgewell Personal Care will post 3.48 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EPC. BlackRock Inc. increased its position in shares of Edgewell Personal Care by 15.3% in the 2nd quarter. BlackRock Inc. now owns 9,272,107 shares of the company’s stock worth $467,871,000 after purchasing an additional 1,231,893 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Edgewell Personal Care by 48.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,999,604 shares of the company’s stock worth $100,897,000 after purchasing an additional 650,234 shares during the last quarter. FMR LLC increased its position in shares of Edgewell Personal Care by 33.9% in the 2nd quarter. FMR LLC now owns 1,432,593 shares of the company’s stock worth $72,289,000 after purchasing an additional 362,477 shares during the last quarter. Northern Trust Corp increased its position in shares of Edgewell Personal Care by 77.4% in the 2nd quarter. Northern Trust Corp now owns 782,980 shares of the company’s stock worth $39,509,000 after purchasing an additional 341,571 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Edgewell Personal Care by 130.3% in the 2nd quarter. Millennium Management LLC now owns 382,481 shares of the company’s stock worth $19,300,000 after purchasing an additional 216,398 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

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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