Wells Fargo & Company Lowers Edgewell Personal Care (NYSE:EPC) Price Target to $32.00

Edgewell Personal Care (NYSE:EPC - Free Report) had its price target cut by Wells Fargo & Company from $35.00 to $32.00 in a report released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating for the company in a research report on Tuesday, February 11th. Barclays cut their target price on Edgewell Personal Care from $30.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada reduced their price target on Edgewell Personal Care from $48.00 to $43.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. UBS Group upped their price objective on Edgewell Personal Care from $31.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Finally, Canaccord Genuity Group reduced their target price on shares of Edgewell Personal Care from $53.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $33.00.

Edgewell Personal Care Stock Up 0.1 %

Edgewell Personal Care stock traded up $0.03 during midday trading on Thursday, hitting $27.23. 764,377 shares of the company were exchanged, compared to its average volume of 470,405. The company has a market cap of $1.31 billion, a PE ratio of 14.88 and a beta of 0.91. Edgewell Personal Care has a fifty-two week low of $24.35 and a fifty-two week high of $41.50. The company's fifty day moving average price is $30.03 and its 200-day moving average price is $32.47. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.06 and a quick ratio of 0.97.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.03). Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. The firm had revenue of $580.70 million during the quarter, compared to analysts' expectations of $591.01 million. During the same quarter last year, the company posted $0.88 earnings per share. Edgewell Personal Care's revenue for the quarter was down 3.1% compared to the same quarter last year. On average, research analysts predict that Edgewell Personal Care will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, June 6th. Edgewell Personal Care's dividend payout ratio (DPR) is presently 32.79%.

Institutional Trading of Edgewell Personal Care

Large investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in shares of Edgewell Personal Care by 563.6% during the 3rd quarter. Barclays PLC now owns 148,553 shares of the company's stock worth $5,400,000 after buying an additional 126,168 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Edgewell Personal Care by 6.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 669,914 shares of the company's stock valued at $24,345,000 after purchasing an additional 39,059 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Edgewell Personal Care by 12.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 750,369 shares of the company's stock worth $25,122,000 after buying an additional 85,467 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Edgewell Personal Care by 208.2% during the 4th quarter. SG Americas Securities LLC now owns 16,553 shares of the company's stock worth $556,000 after buying an additional 11,183 shares during the period. Finally, Amundi boosted its stake in Edgewell Personal Care by 188.6% in the 4th quarter. Amundi now owns 25,051 shares of the company's stock valued at $807,000 after buying an additional 16,370 shares in the last quarter. 91.91% of the stock is owned by institutional investors.

About Edgewell Personal Care

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.