Milestone Asset Management LLC Purchases New Stake in Edgewell Personal Care Company $EPC

Key Points

• Milestone Asset Management purchased 50,054 shares of Edgewell Personal Care worth approximately $1.35 million, representing about 0.11% of the company. Institutional investors collectively own 91.91% of Edgewell.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $31.50. Recent targets range from $29 to $34.
• Edgewell reported quarterly EPS of $0.72, exceeding estimates of $0.64, but revenue fell 9.1% year over year to $570.1 million. The company also pays a quarterly dividend of $0.15 per share, yielding approximately 2.1% annually.

Milestone Asset Management LLC acquired a new stake in shares of Edgewell Personal Care Company (NYSE:EPC - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 50,054 shares of the company's stock, valued at approximately $1,350,000. Milestone Asset Management LLC owned approximately 0.11% of Edgewell Personal Care as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Edgewell Personal Care in the second quarter worth $197,543,000. Rubric Capital Management LP increased its holdings in shares of Edgewell Personal Care by 297.2% during the first quarter. Rubric Capital Management LP now owns 4,000,000 shares of the company's stock valued at $85,360,000 after acquiring an additional 2,992,929 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Edgewell Personal Care during the second quarter valued at $14,542,000. Bank of New York Mellon Corp purchased a new position in shares of Edgewell Personal Care in the 2nd quarter worth about $7,948,000. Finally, Bank of America Corp DE purchased a new position in shares of Edgewell Personal Care in the 2nd quarter worth about $6,271,000. Institutional investors own 91.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group reaffirmed a "neutral" rating and issued a $30.00 price objective on shares of Edgewell Personal Care in a research report on Thursday. Barclays increased their target price on Edgewell Personal Care from $28.00 to $29.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Wells Fargo & Company reduced their target price on Edgewell Personal Care from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, October 5th. Canaccord Genuity Group boosted their price target on Edgewell Personal Care from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings upgraded Edgewell Personal Care from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 25th. Three investment 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $31.50.

Edgewell Personal Care Price Performance

EPC opened at $28.06 on Friday. The company's 50-day simple moving average is $27.86 and its two-hundred day simple moving average is $24.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.12 and a current ratio of 1.84. The stock has a market capitalization of $1.29 billion, a P/E ratio of -14.03 and a beta of 0.34. Edgewell Personal Care Company has a 52-week low of $15.73 and a 52-week high of $29.95.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the business posted $1.04 earnings per share. The business'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. As a group, analysts predict that Edgewell Personal Care Company will post 1.94 EPS for the current year.

Edgewell Personal Care Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 9th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, September 9th. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. Edgewell Personal Care's payout ratio is currently -30.00%.

About Edgewell Personal Care

Edgewell Personal Care Co NYSE: EPC is a global consumer products company focused on personal care. Its portfolio includes shaving, sun and skin care, and feminine care products sold under a range of established brands.

The company's shaving brands include Schick, Wilkinson Sword, Edge, and Skintimate. Its sun and skin care portfolio includes Banana Boat, Hawaiian Tropic, Bulldog, and Jack Black, while its feminine care products include Playtex, Stayfree, and Carefree. Edgewell sells products through mass retailers, supermarkets, drugstores, specialty retailers, e-commerce channels, and other distribution networks.

Edgewell was established in 2015 when Energizer Holdings separated its personal care business into an independent publicly traded company.

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