Barclays Has Lowered Expectations for Edgewell Personal Care (NYSE:EPC) Stock Price

Edgewell Personal Care (NYSE:EPC) had its price target decreased by Barclays from $37.00 to $36.00 in a research report sent to investors on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

EPC has been the subject of a number of other research reports. StockNews.com downgraded shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Truist Financial reduced their target price on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, UBS Group lowered their price target on Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Edgewell Personal Care presently has an average rating of “Moderate Buy” and an average price target of $42.40.

Edgewell Personal Care Price Performance

Edgewell Personal Care stock opened at $34.98 on Monday. The firm has a market cap of $1.72 billion, a PE ratio of 17.85 and a beta of 0.86. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.81. The stock’s fifty day moving average price is $35.63 and its two-hundred day moving average price is $37.98. Edgewell Personal Care has a one year low of $33.27 and a one year high of $41.50.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The company had revenue of $517.60 million for the quarter, compared to analysts’ expectations of $535.23 million. During the same quarter last year, the business earned $0.72 earnings per share. Edgewell Personal Care’s revenue was down 3.1% on a year-over-year basis. As a group, research analysts expect that Edgewell Personal Care will post 3.21 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.72%. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 30.61%.

Institutional Investors Weigh In On Edgewell Personal Care

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Edgewell Personal Care by 0.5% during the first quarter. Vanguard Group Inc. now owns 5,833,364 shares of the company’s stock valued at $225,401,000 after purchasing an additional 29,217 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Edgewell Personal Care by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,620,865 shares of the company’s stock worth $145,524,000 after acquiring an additional 24,513 shares during the last quarter. Brandes Investment Partners LP increased its position in Edgewell Personal Care by 19.7% in the 2nd quarter. Brandes Investment Partners LP now owns 1,529,647 shares of the company’s stock valued at $61,545,000 after acquiring an additional 252,235 shares during the period. LSV Asset Management raised its stake in shares of Edgewell Personal Care by 16.6% during the second quarter. LSV Asset Management now owns 1,071,354 shares of the company’s stock valued at $43,058,000 after acquiring an additional 152,200 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Edgewell Personal Care by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 778,689 shares of the company’s stock worth $28,298,000 after purchasing an additional 22,209 shares during the period. Institutional investors and hedge funds own 91.91% of the company’s stock.

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.