Edgewell Personal Care (NYSE:EPC) Given New $21.00 Price Target 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 price target decreased by UBS Group from $28.00 to $21.00 in a research report released on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other brokerages have also issued reports on EPC. Canaccord Genuity Group cut their target price on Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen upgraded Edgewell Personal Care from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Royal Bank Of Canada cut their target price on Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Wells Fargo & Company dropped their price target on Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, Barclays reduced their target price on Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.29.

Edgewell Personal Care Stock Down 0.4%

EPC stock traded down $0.09 on Wednesday, hitting $22.02. 740,884 shares of the company's stock were exchanged, compared to its average volume of 984,240. Edgewell Personal Care has a 12-month low of $19.13 and a 12-month high of $40.71. The firm has a 50 day moving average price of $24.91 and a two-hundred day moving average price of $28.28. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.77. The stock has a market cap of $1.02 billion, a P/E ratio of 8.54 and a beta of 0.81.

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

Edgewell Personal Care Announces Dividend

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

Hedge Funds Weigh In On Edgewell Personal Care

Institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC raised its position in shares of Edgewell Personal Care by 85.9% during the fourth quarter. Quadrant Capital Group LLC now owns 751 shares of the company's stock worth $25,000 after acquiring an additional 347 shares during the last quarter. PNC Financial Services Group Inc. increased its position in 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 period. First Horizon Advisors Inc. increased its holdings in Edgewell Personal Care by 195.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,837 shares of the company's stock valued at $43,000 after buying an additional 1,215 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Edgewell Personal Care by 167.0% during the second quarter. GAMMA Investing LLC now owns 1,968 shares of the company's stock worth $46,000 after purchasing an additional 1,231 shares during the period. Finally, Sterling Capital Management LLC lifted 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 worth $51,000 after purchasing an additional 1,362 shares during the period. 91.91% of the stock is currently owned by institutional investors.

Edgewell Personal Care Company Profile

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.