JPMorgan Chase & Co. Issues Pessimistic Forecast for Church & Dwight (NYSE:CHD) Stock Price

Key Points

• JPMorgan Chase & Co. has lowered its price target for Church & Dwight (NYSE:CHD) from $97.00 to $92.00 and assigned it an "underweight" rating, indicating a less favorable outlook for the stock.
• Other analysts have also downgraded their price targets on CHD, with Oppenheimer setting it at $115.00 and Morgan Stanley at $100.00, reflecting a general decline in sentiment.
• The stock has seen insider activity, with CEO Richard A. Dierker purchasing shares, while other insiders have sold significant quantities, indicating mixed confidence in the company's future performance.

Church & Dwight (NYSE:CHD - Get Free Report) had its target price cut by stock analysts at JPMorgan Chase & Co. from $97.00 to $92.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 0.02% from the company's previous close.

A number of other analysts have also recently issued reports on CHD. Oppenheimer decreased their target price on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Barclays decreased their price objective on Church & Dwight from $84.00 to $83.00 and set an "underweight" rating for the company in a research report on Monday. Morgan Stanley decreased their price objective on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Wall Street Zen raised Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Bank of America raised Church & Dwight from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Church & Dwight currently has an average rating of "Hold" and a consensus price target of $103.94.

Church & Dwight Stock Performance

Shares of NYSE CHD traded down $2.03 during trading hours on Monday, reaching $91.98. The stock had a trading volume of 850,721 shares, compared to its average volume of 2,051,856. The firm has a market cap of $22.65 billion, a price-to-earnings ratio of 43.43, a PEG ratio of 3.77 and a beta of 0.43. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. Church & Dwight has a fifty-two week low of $90.99 and a fifty-two week high of $116.46. The firm has a 50-day moving average of $97.26 and a 200-day moving average of $101.70.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.09. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%. The business's revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. Equities research analysts predict that Church & Dwight will post 3.7 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Richard A. Dierker purchased 7,950 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was bought at an average cost of $94.66 per share, with a total value of $752,547.00. Following the completion of the acquisition, the chief executive officer directly owned 16,358 shares in the company, valued at $1,548,448.28. The trade was a 94.55% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Penry W. Price sold 14,660 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $93.13, for a total value of $1,365,285.80. Following the completion of the transaction, the director owned 27,043 shares of the company's stock, valued at $2,518,514.59. The trade was a 35.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,575 shares of company stock valued at $4,910,586. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CHD. IAG Wealth Partners LLC boosted its position in shares of Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after buying an additional 130 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Church & Dwight in the first quarter worth about $40,000. Versant Capital Management Inc boosted its position in shares of Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after buying an additional 112 shares during the period. Bernard Wealth Management Corp. purchased a new stake in shares of Church & Dwight in the fourth quarter worth about $40,000. Finally, Chilton Capital Management LLC boosted its position in shares of Church & Dwight by 90.9% in the first quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock worth $46,000 after buying an additional 200 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Company Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.

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