Barclays Cuts Church & Dwight (NYSE:CHD) Price Target to $83.00

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 objective dropped by Barclays from $84.00 to $83.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. Barclays's target price points to a potential downside of 10.14% from the company's current price.

Other analysts have also recently issued research reports about the stock. Redburn Atlantic cut shares of Church & Dwight from a "hold" rating to a "strong sell" rating in a research note on Monday, July 14th. Truist Financial set a $110.00 price target on shares of Church & Dwight and gave the company a "buy" rating in a research report on Friday, June 6th. JPMorgan Chase & Co. boosted their price target on Church & Dwight from $92.00 to $97.00 and gave the company an "underweight" rating in a research note on Friday, July 25th. Redburn Partners set a $83.00 price objective on Church & Dwight in a research note on Monday, July 14th. Finally, Wall Street Zen upgraded Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $104.31.

Church & Dwight Stock Performance

NYSE:CHD traded down $1.64 during mid-day trading on Monday, hitting $92.37. 427,165 shares of the stock were exchanged, compared to its average volume of 2,048,438. The firm's 50-day simple moving average is $97.26 and its 200 day simple moving average is $101.70. The stock has a market capitalization of $22.75 billion, a price-to-earnings ratio of 43.46, a price-to-earnings-growth ratio of 3.77 and a beta of 0.43. Church & Dwight has a fifty-two week low of $90.99 and a fifty-two week high of $116.46. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%. The company's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 EPS. As a group, equities analysts anticipate that Church & Dwight will post 3.7 EPS for the current fiscal year.

Insider Activity

In related news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the 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 of the company's stock, valued at $1,360,953. This represents a 51.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Read bought 3,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the purchase, the executive vice president owned 5,505 shares of the company's stock, valued at approximately $506,845.35. The trade was a 119.76% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 50,575 shares of company stock valued at $4,910,586. Corporate insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Church & Dwight

Hedge funds have recently modified their holdings of the company. Advisory Alpha LLC boosted its stake in shares of Church & Dwight by 3.7% during the first quarter. Advisory Alpha LLC now owns 2,707 shares of the company's stock valued at $298,000 after purchasing an additional 97 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Church & Dwight by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,115 shares of the company's stock worth $2,325,000 after buying an additional 110 shares during the period. Versant Capital Management Inc grew its holdings in Church & Dwight by 42.1% during the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after acquiring an additional 112 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Church & Dwight by 19.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the company's stock valued at $76,000 after acquiring an additional 112 shares during the period. Finally, KFG Wealth Management LLC raised its stake in shares of Church & Dwight by 2.2% during the first quarter. KFG Wealth Management LLC now owns 5,476 shares of the company's stock valued at $603,000 after acquiring an additional 119 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

About Church & Dwight

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.

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