Hotchkis & Wiley Capital Management LLC Decreases Stock Holdings in Edgewell Personal Care Company $EPC

Key Points

• Hotchkis & Wiley Capital Management LLC has decreased its holdings in Edgewell Personal Care Company by 31.4%, owning 261,770 shares valued at $8.17 million.
• Edgewell Personal Care reported a missed earnings estimate for Q2, with an EPS of $0.92 compared to a consensus of $1.01 and a revenue of $627.20 million below expectations.
• The company announced a quarterly dividend of $0.15 per share, with a yield of 2.5% and a payout ratio of 44.44%.

Hotchkis & Wiley Capital Management LLC trimmed its position in shares of Edgewell Personal Care Company (NYSE:EPC - Free Report) by 31.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,770 shares of the company's stock after selling 119,620 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.56% of Edgewell Personal Care worth $8,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings 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 valued at $30,000 after acquiring an additional 687 shares during the period. Blue Trust Inc. grew its position in Edgewell Personal Care by 35.3% in the first quarter. Blue Trust Inc. now owns 3,100 shares of the company's stock worth $97,000 after acquiring an additional 809 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in Edgewell Personal Care by 24.1% in the first quarter. TD Private Client Wealth LLC now owns 3,533 shares of the company's stock worth $110,000 after purchasing an additional 686 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Edgewell Personal Care by 166.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,362 shares of the company's stock worth $147,000 after purchasing an additional 2,725 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Edgewell Personal Care in the first quarter worth about $219,000. 91.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EPC has been the subject of a number of recent research reports. 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. Barclays reduced their price target on Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Zacks Research downgraded Edgewell Personal Care from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Royal Bank Of Canada reduced their price target 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. Finally, Wall Street Zen raised Edgewell Personal Care from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Edgewell Personal Care presently has a consensus rating of "Hold" and a consensus target price of $29.29.

Edgewell Personal Care Price Performance

Shares of EPC stock traded up $0.38 during mid-day trading on Friday, hitting $24.01. 304,996 shares of the stock were exchanged, compared to its average volume of 663,163. Edgewell Personal Care Company has a 52-week low of $19.13 and a 52-week high of $40.35. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 0.88. The company has a market cap of $1.12 billion, a PE ratio of 17.79 and a beta of 0.81. The firm has a fifty day moving average of $24.39 and a 200 day moving average of $27.44.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.09). The business had revenue of $627.20 million for 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%. Edgewell Personal Care's revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business earned $1.22 earnings per share. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. Research analysts anticipate that Edgewell Personal Care Company will post 3.16 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Thursday, September 4th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 4th. Edgewell Personal Care's dividend payout ratio (DPR) is 44.44%.

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.