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

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

EPC has been the topic of several other reports. StockNews.com upgraded shares of Edgewell Personal Care from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Morgan Stanley cut their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating on the stock in a report on Tuesday, February 11th. Barclays cut their target price on shares of Edgewell Personal Care from $30.00 to $28.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. UBS Group raised their price target on Edgewell Personal Care from $31.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Finally, Royal Bank of Canada dropped their price target on Edgewell Personal Care from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Edgewell Personal Care currently has a consensus rating of "Hold" and a consensus price target of $33.00.

Edgewell Personal Care Price Performance

NYSE:EPC traded down $0.13 on Thursday, reaching $28.60. The stock had a trading volume of 348,635 shares, compared to its average volume of 471,002. Edgewell Personal Care has a 1-year low of $24.35 and a 1-year high of $41.50. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 0.96. The stock has a fifty day moving average price of $29.99 and a 200-day moving average price of $32.42. The company has a market capitalization of $1.35 billion, a P/E ratio of 15.63 and a beta of 0.91.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.87 earnings per share (EPS) 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 the consensus estimate of $591.01 million. During the same quarter in the prior year, the business earned $0.88 EPS. Edgewell Personal Care's revenue was down 3.1% on a year-over-year basis. Research analysts forecast that Edgewell Personal Care will post 3.16 EPS for the current year.

Edgewell Personal Care Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 6th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.10%. Edgewell Personal Care's payout ratio is 35.09%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Edgewell Personal Care by 4.6% in the first quarter. Vanguard Group Inc. now owns 6,066,471 shares of the company's stock valued at $189,335,000 after purchasing an additional 266,611 shares in the last quarter. American Century Companies Inc. grew its stake in Edgewell Personal Care by 3.3% in the first quarter. American Century Companies Inc. now owns 3,329,440 shares of the company's stock valued at $103,912,000 after purchasing an additional 106,701 shares in the last quarter. Brandes Investment Partners LP grew its stake in Edgewell Personal Care by 21.1% in the fourth quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company's stock valued at $68,600,000 after purchasing an additional 355,224 shares in the last quarter. LSV Asset Management grew its stake in Edgewell Personal Care by 14.6% in the first quarter. LSV Asset Management now owns 1,335,884 shares of the company's stock valued at $41,693,000 after purchasing an additional 169,732 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Edgewell Personal Care by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 881,101 shares of the company's stock valued at $27,499,000 after purchasing an additional 64,059 shares in the last quarter. Institutional investors own 91.91% of the company's stock.

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.