Legal & General Group Plc Invests $2.79 Million in Edgewell Personal Care Company $EPC

Key Points

• Legal & General Group acquired 103,724 Edgewell Personal Care shares worth approximately $2.79 million, representing about 0.23% of the company. Institutional investors and hedge funds collectively own 91.91% of EPC.
• Analyst sentiment remains mixed, with three Buy, four Hold and one Sell rating. The consensus price target is $31.83, above the stock’s reported price of $28.78.
• Edgewell exceeded quarterly earnings expectations with EPS of $0.72 versus the $0.64 consensus, although revenue fell 9.1% year over year to $570.1 million. The company also declared a quarterly dividend of $0.15, implying a 2.1% annualized yield.

Legal & General Group Plc acquired a new position in shares of Edgewell Personal Care Company (NYSE:EPC - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 103,724 shares of the company's stock, valued at approximately $2,786,000. Legal & General Group Plc owned approximately 0.23% of Edgewell Personal Care as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EPC. Aster Capital Management DIFC Ltd boosted its stake in Edgewell Personal Care by 158.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,486 shares of the company's stock valued at $25,000 after buying an additional 910 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Edgewell Personal Care by 679.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,279 shares of the company's stock worth $27,000 after acquiring an additional 1,115 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Edgewell Personal Care in the second quarter worth about $27,000. Meeder Asset Management Inc. bought a new position in shares of Edgewell Personal Care in the fourth quarter worth about $30,000. Finally, Quadrant Capital Group LLC lifted its stake in Edgewell Personal Care by 291.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,975 shares of the company's stock valued at $34,000 after purchasing an additional 1,471 shares during the last quarter. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EPC shares. Royal Bank Of Canada upped their price target on shares of Edgewell Personal Care from $26.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Barclays boosted their price target on shares of Edgewell Personal Care from $28.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Canaccord Genuity Group upped their target price on Edgewell Personal Care from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Weiss Ratings upgraded shares of Edgewell Personal Care from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, August 25th. Finally, Morgan Stanley set a $31.00 price objective on shares of Edgewell Personal Care in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $31.83.

Edgewell Personal Care Stock Up 1.0%

EPC stock opened at $28.78 on Friday. The firm has a market capitalization of $1.33 billion, a PE ratio of -14.39 and a beta of 0.39. The company has a quick ratio of 1.12, a current ratio of 1.84 and a debt-to-equity ratio of 0.85. Edgewell Personal Care Company has a twelve month low of $15.73 and a twelve month high of $29.95. The stock's 50 day moving average is $27.96 and its 200-day moving average is $23.49.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.64 by $0.08. Edgewell Personal Care had a negative net margin of 4.55% and a positive return on equity of 5.76%. The firm had revenue of $570.10 million during the quarter, compared to analyst estimates of $574.87 million. During the same quarter last year, the business posted $1.04 EPS. The company's revenue for the quarter was down 9.1% on a year-over-year basis. Edgewell Personal Care has set its FY 2026 guidance at 1.800-2.000 EPS. Sell-side analysts expect that Edgewell Personal Care Company will post 1.94 EPS for the current fiscal year.

Edgewell Personal Care Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 9th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. Edgewell Personal Care's payout ratio is -30.00%.

Edgewell Personal Care Company Profile

Edgewell Personal Care Inc, incorporated in 2015 and headquartered in Shelton, Connecticut, is a global consumer products company specializing in personal care, sun care, shaving and feminine care solutions. The company emerged as a spin-off from Energizer Holdings' personal care division, listing its shares on the New York Stock Exchange under the ticker “EPC.” Edgewell's portfolio comprises well-known brands that cater to everyday personal grooming and protection needs.

In the shaving segment, Edgewell markets razors and refill blades under brands such as Schick and Wilkinson Sword, targeting both men's and women's grooming categories.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source