Edgewell Personal Care (NYSE:EPC) Given New $40.00 Price Target at UBS Group

Edgewell Personal Care (NYSE:EPC) had its price objective decreased by UBS Group from $42.00 to $40.00 in a report issued on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research firms have also recently issued reports on EPC. Barclays cut their target price on Edgewell Personal Care from $41.00 to $40.00 and set an equal weight rating on the stock in a research note on Wednesday. Canaccord Genuity Group lifted their price objective on Edgewell Personal Care from $52.00 to $53.00 and gave the stock a buy rating in a research report on Thursday, May 9th. Finally, StockNews.com raised Edgewell Personal Care from a hold rating to a buy rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Edgewell Personal Care has an average rating of Hold and a consensus price target of $41.80.

Edgewell Personal Care Price Performance

Shares of Edgewell Personal Care stock traded down $0.15 during trading on Wednesday, hitting $37.37. 316,991 shares of the stock traded hands, compared to its average volume of 385,944. The firm’s fifty day moving average is $39.45 and its 200-day moving average is $38.47. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 15.64 and a beta of 0.88. Edgewell Personal Care has a 52 week low of $33.71 and a 52 week high of $41.50. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.87.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.21. Edgewell Personal Care had a return on equity of 9.29% and a net margin of 5.40%. The business had revenue of $647.80 million for the quarter, compared to analysts’ expectations of $649.67 million. During the same period in the previous year, the firm earned $0.98 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. Research analysts expect that Edgewell Personal Care will post 2.92 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 4th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Wednesday, September 4th. Edgewell Personal Care’s dividend payout ratio is currently 25.10%.

Institutional Investors Weigh In On Edgewell Personal Care

Several hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of Edgewell Personal Care by 274.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 50,085 shares of the company’s stock worth $1,835,000 after purchasing an additional 36,723 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in Edgewell Personal Care in the 4th quarter valued at approximately $2,762,000. Victory Capital Management Inc. boosted its stake in Edgewell Personal Care by 4.8% during the 4th quarter. Victory Capital Management Inc. now owns 432,041 shares of the company’s stock valued at $15,826,000 after purchasing an additional 19,718 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Edgewell Personal Care by 4.0% in the 1st quarter. Sei Investments Co. now owns 397,040 shares of the company’s stock worth $15,342,000 after purchasing an additional 15,131 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Edgewell Personal Care by 91.5% in the first quarter. BNP Paribas Financial Markets now owns 27,175 shares of the company’s stock worth $1,050,000 after purchasing an additional 12,988 shares during the last quarter. 91.91% of the stock is currently owned by institutional investors.

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.