Edgewell Personal Care (NYSE:EPC) Reaches New 12-Month Low – Here’s Why

Edgewell Personal Care Company (NYSE:EPC) reached a new 52-week low on Thursday . The stock traded as low as $22.63 and last traded at $22.95, with a volume of 1115151 shares. The stock had previously closed at $22.79.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EPC. Barclays cut their target price on Edgewell Personal Care from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th. UBS Group increased their price target on Edgewell Personal Care from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, April 17th. Royal Bank Of Canada dropped their price target on Edgewell Personal Care from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. Wall Street Zen upgraded Edgewell Personal Care from a “sell” rating to a “hold” rating in a research note on Saturday, May 17th. Finally, Canaccord Genuity Group dropped their price target on Edgewell Personal Care from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.00.

Edgewell Personal Care Stock Up 0.7%

The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 13.42 and a beta of 0.84. The stock has a fifty day moving average of $28.07 and a two-hundred day moving average of $30.78. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.89 and a quick ratio of 0.93.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates 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 3.81% and a return on equity of 9.20%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 earnings per share. Sell-side analysts anticipate that Edgewell Personal Care Company will post 3.16 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 6th will be issued a $0.15 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 2.61%. Edgewell Personal Care’s payout ratio is 35.09%.

Institutional Trading of Edgewell Personal Care

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Edgewell Personal Care by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 6,066,471 shares of the company’s stock worth $189,335,000 after acquiring an additional 266,611 shares during the period. American Century Companies Inc. grew its holdings in Edgewell Personal Care by 3.3% during the 1st quarter. American Century Companies Inc. now owns 3,329,440 shares of the company’s stock worth $103,912,000 after acquiring an additional 106,701 shares during the period. Brandes Investment Partners LP grew its holdings in Edgewell Personal Care by 21.1% during the 4th quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company’s stock worth $68,600,000 after acquiring an additional 355,224 shares during the period. LSV Asset Management grew its holdings in Edgewell Personal Care by 14.6% during the 1st quarter. LSV Asset Management now owns 1,335,884 shares of the company’s stock worth $41,693,000 after acquiring an additional 169,732 shares during the period. Finally, Millennium Management LLC grew its holdings in Edgewell Personal Care by 106.4% during the 1st quarter. Millennium Management LLC now owns 915,281 shares of the company’s stock worth $28,566,000 after acquiring an additional 471,774 shares during the period. 91.91% of the stock is currently 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.