Church & Dwight (NYSE:CHD) Price Target Cut to $83.00 by Analysts at Barclays

Key Points

• Barclays has lowered its price target for Church & Dwight from $84.00 to $83.00, maintaining an "underweight" rating, indicating a potential downside of 10.14% from the current price.
• Other analysts have provided varied ratings on the stock, with some firms issuing "strong sell" and "buy" ratings, while others have set price targets ranging from $83.00 to $110.00.
• Church & Dwight recently reported quarterly earnings of $0.94 EPS, surpassing estimates, although their revenue showed a slight decline of 0.3% compared to the same quarter last year.

Church & Dwight (NYSE:CHD - Get Free Report) had its price target cut by investment analysts at Barclays from $84.00 to $83.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "underweight" rating on the stock. Barclays's price target indicates a potential downside of 8.67% from the company's current price.

A number of other equities research analysts also recently weighed in on the stock. Redburn Atlantic downgraded shares of Church & Dwight from a "hold" rating to a "strong sell" rating in a research note on Monday, July 14th. Wells Fargo & Company boosted their price target on shares of Church & Dwight from $105.00 to $108.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Redburn Partners set a $83.00 price target on shares of Church & Dwight in a research note on Monday, July 14th. Wall Street Zen raised shares of Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Cowen downgraded shares of Church & Dwight from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $103.94.

Church & Dwight Price Performance

Shares of NYSE CHD traded down $1.76 during trading on Monday, reaching $90.88. The company had a trading volume of 1,670,323 shares, compared to its average volume of 2,338,364. Church & Dwight has a 52 week low of $90.50 and a 52 week high of $116.46. The stock has a market cap of $22.14 billion, a PE ratio of 42.87, a PEG ratio of 3.82 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84. The business's 50 day moving average price is $96.67 and its 200-day moving average price is $101.26.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The company's revenue was down .3% on a year-over-year basis. Analysts expect that Church & Dwight will post 3.7 earnings per share for the current year.

Insider Activity at Church & Dwight

In other news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $99.00, for a total value of $1,451,340.00. Following the completion of the transaction, the director owned 13,747 shares in the company, valued at $1,360,953. This represents a 51.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Read purchased 2,000 shares of Church & Dwight stock in a transaction dated Tuesday, August 5th. The stock was bought at an average price of $91.27 per share, with a total value of $182,540.00. Following the acquisition, the executive vice president directly owned 7,505 shares of the company's stock, valued at approximately $684,981.35. This trade represents a 36.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 35,915 shares of company stock worth $3,545,300 over the last ninety days. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Alpha LLC boosted its holdings in shares of Church & Dwight by 3.7% in the first quarter. Advisory Alpha LLC now owns 2,707 shares of the company's stock valued at $298,000 after buying an additional 97 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Church & Dwight by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 21,115 shares of the company's stock worth $2,325,000 after purchasing an additional 110 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Church & Dwight by 42.1% during the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after purchasing an additional 112 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Church & Dwight by 19.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the company's stock worth $76,000 after purchasing an additional 112 shares during the last quarter. Finally, KFG Wealth Management LLC boosted its holdings in Church & Dwight by 2.2% during the first quarter. KFG Wealth Management LLC now owns 5,476 shares of the company's stock worth $603,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Church & Dwight Company Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.