Edgewell Personal Care (NYSE:EPC) Price Target Cut to $21.00 by Analysts at UBS Group

Key Points

• Analysts at UBS Group have reduced their price target for Edgewell Personal Care from $28.00 to $21.00, suggesting a potential downside from the stock's current price.
• Edgewell's shares recently traded up 7.7% to $21.85, despite a significant miss on quarterly earnings and revenue expectations.
• Institutional investors hold a substantial stake in Edgewell, owning approximately 91.91% of the company's stock, with several firms increasing their positions recently.

Edgewell Personal Care (NYSE:EPC - Free Report) had its target price reduced by UBS Group from $28.00 to $21.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also commented on EPC. Wall Street Zen upgraded shares of Edgewell Personal Care from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Wells Fargo & Company reduced their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Royal Bank Of Canada lowered their target price on Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Canaccord Genuity Group cut their price target on Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Morgan Stanley raised Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and reduced their price target for the stock from $26.00 to $23.00 in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.29.

Edgewell Personal Care Trading Up 1.1%

EPC traded up $0.25 during trading on Wednesday, hitting $22.36. 55,041 shares of the stock were exchanged, compared to its average volume of 660,116. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.93 and a current ratio of 1.77. The firm has a 50 day simple moving average of $25.02 and a 200 day simple moving average of $28.43. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 16.59 and a beta of 0.81. Edgewell Personal Care has a 1 year low of $19.13 and a 1 year high of $40.71.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.09). The firm had revenue of $627.20 million for the quarter, compared to the consensus estimate of $658.51 million. Edgewell Personal Care had a return on equity of 8.06% and a net margin of 2.94%. Edgewell Personal Care's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 EPS. As a group, equities analysts expect that Edgewell Personal Care will post 3.16 EPS for the current year.

Edgewell Personal Care Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, September 4th. Edgewell Personal Care's dividend payout ratio is currently 44.44%.

Institutional Trading of Edgewell Personal Care

A number of institutional investors have recently made changes to their positions in EPC. Quadrant Capital Group LLC increased its position in Edgewell Personal Care by 85.9% during the 4th quarter. Quadrant Capital Group LLC now owns 751 shares of the company's stock valued at $25,000 after buying an additional 347 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Edgewell Personal Care by 238.5% during the first quarter. PNC Financial Services Group Inc. now owns 975 shares of the company's stock worth $30,000 after acquiring an additional 687 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Edgewell Personal Care by 195.3% during the second quarter. First Horizon Advisors Inc. now owns 1,837 shares of the company's stock valued at $43,000 after acquiring an additional 1,215 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Edgewell Personal Care by 167.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,968 shares of the company's stock valued at $46,000 after purchasing an additional 1,231 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Edgewell Personal Care by 805.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,531 shares of the company's stock valued at $51,000 after purchasing an additional 1,362 shares during the last quarter. Institutional investors and hedge funds own 91.91% of the company's stock.

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.