Evercore ISI Issues Pessimistic Forecast for Church & Dwight (NYSE:CHD) Stock Price

Key Points

• Evercore ISI decreased its price target for Church & Dwight (NYSE:CHD) from $102.00 to $101.00, reflecting an "in-line" rating with a potential upside of 9.17% from its previous close.
• Multiple analysts have varied ratings and price targets for Church & Dwight, with the average target currently at $104.25 and sentiments ranging from "sell" to "buy."
• Church & Dwight reported $0.94 earnings per share for the last quarter, surpassing estimates, but year-over-year revenue saw a slight decline of 0.3%.

Church & Dwight (NYSE:CHD - Free Report) had its price objective trimmed by Evercore ISI from $102.00 to $101.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has an in-line rating on the stock.

Several other analysts have also commented on the stock. UBS Group increased their price target on shares of Church & Dwight from $102.00 to $103.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. raised their target price on shares of Church & Dwight from $92.00 to $97.00 and gave the stock an "underweight" rating in a research report on Friday, July 25th. Wall Street Zen upgraded shares of Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Truist Financial set a $110.00 target price on shares of Church & Dwight and gave the stock a "buy" rating in a research report on Friday, June 6th. Finally, TD Cowen lowered shares of Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price target on the stock. in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $103.94.

Church & Dwight Stock Performance

NYSE CHD traded up $1.10 during trading hours on Monday, hitting $92.24. 408,327 shares of the stock were exchanged, compared to its average volume of 2,057,167. The company has a market cap of $22.47 billion, a price-to-earnings ratio of 43.50, a price-to-earnings-growth ratio of 3.67 and a beta of 0.43. Church & Dwight has a 12-month low of $90.83 and a 12-month high of $116.46. The stock has a 50-day moving average of $97.04 and a 200 day moving average of $101.53. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $1.48 billion. During the same period last year, the company posted $0.93 earnings per share. The firm's quarterly revenue was down .3% compared to the same quarter last year. As a group, equities research analysts forecast that Church & Dwight will post 3.7 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a dividend of $0.295 per share. The ex-dividend date is Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.3%. Church & Dwight's payout ratio is currently 55.66%.

Insider Buying and Selling at Church & Dwight

In related news, CEO Richard A. Dierker acquired 7,950 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were purchased at an average price of $94.66 per share, for a total transaction of $752,547.00. Following the purchase, the chief executive officer owned 16,358 shares in the company, valued at $1,548,448.28. This represents a 94.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Carlen Hooker sold 6,380 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $98.30, for a total transaction of $627,154.00. Following the completion of the transaction, the executive vice president owned 262 shares in the company, valued at approximately $25,754.60. This represents a 96.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,575 shares of company stock valued at $4,910,586 over the last three months. 1.20% of the stock is owned by insiders.

Institutional Trading of Church & Dwight

Several large investors have recently added to or reduced their stakes in CHD. Vanguard Group Inc. boosted its holdings in shares of Church & Dwight by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company's stock worth $3,461,410,000 after buying an additional 750,575 shares during the period. Stifel Financial Corp boosted its holdings in shares of Church & Dwight by 0.5% during the 4th quarter. Stifel Financial Corp now owns 4,316,414 shares of the company's stock worth $451,975,000 after buying an additional 20,887 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Church & Dwight by 0.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,269,079 shares of the company's stock worth $319,193,000 after buying an additional 29,369 shares during the period. Northern Trust Corp boosted its holdings in shares of Church & Dwight by 2.6% during the 1st quarter. Northern Trust Corp now owns 3,097,722 shares of the company's stock worth $341,028,000 after buying an additional 79,170 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Church & Dwight by 11.4% during the 4th quarter. Invesco Ltd. now owns 2,921,247 shares of the company's stock worth $305,884,000 after buying an additional 298,848 shares during the period. 86.60% of the stock is owned by institutional investors.

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.