Edgewell Personal Care (NYSE:EPC) Price Target Cut to $37.00

Edgewell Personal Care (NYSE:EPC - Free Report) had its target price decreased by Barclays from $39.00 to $37.00 in a research report sent to investors on Friday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Separately, Wells Fargo & Company lifted their price target on shares of Edgewell Personal Care from $40.00 to $43.00 and gave the stock an overweight rating in a report on Thursday, February 8th.

Edgewell Personal Care Price Performance

Edgewell Personal Care stock traded down $0.23 during mid-day trading on Friday, reaching $35.80. The company had a trading volume of 346,370 shares, compared to its average volume of 379,962. Edgewell Personal Care has a fifty-two week low of $33.71 and a fifty-two week high of $46.13. The company has a current ratio of 2.15, a quick ratio of 1.03 and a debt-to-equity ratio of 0.94. The company has a market cap of $1.79 billion, a P/E ratio of 17.67 and a beta of 0.94. The business has a fifty day simple moving average of $37.84 and a 200 day simple moving average of $36.60.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.18. The company had revenue of $488.90 million for the quarter, compared to analyst estimates of $481.41 million. Edgewell Personal Care had a net margin of 4.66% and a return on equity of 8.38%. Edgewell Personal Care's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. On average, equities research analysts predict that Edgewell Personal Care will post 2.8 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 7th were issued a $0.15 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.60 annualized dividend and a yield of 1.68%. Edgewell Personal Care's payout ratio is 29.41%.

Hedge Funds Weigh In On Edgewell Personal Care

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in Edgewell Personal Care in the first quarter valued at $35,000. Confluence Investment Management LLC acquired a new position in Edgewell Personal Care in the first quarter valued at $3,609,000. Vanguard Group Inc. increased its stake in Edgewell Personal Care by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,804,147 shares of the company's stock valued at $212,606,000 after purchasing an additional 21,915 shares in the last quarter. SageView Advisory Group LLC bought a new stake in Edgewell Personal Care in the fourth quarter valued at $339,000. Finally, Wellington Management Group LLP increased its stake in Edgewell Personal Care by 16.1% in the fourth quarter. Wellington Management Group LLP now owns 168,022 shares of the company's stock valued at $6,155,000 after purchasing an additional 23,330 shares in the last quarter. Institutional investors and hedge funds own 91.91% of the company's stock.

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.