Edgewell Personal Care (NYSE:EPC) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Edgewell Personal Care (NYSE:EPCFree Report) from a hold rating to a buy rating in a research note published on Tuesday morning.

Several other research analysts have also commented on the company. Canaccord Genuity Group lifted their price target on Edgewell Personal Care from $52.00 to $53.00 and gave the stock a buy rating in a research report on Thursday, May 9th. Barclays lifted their price target on Edgewell Personal Care from $37.00 to $40.00 and gave the stock an equal weight rating in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Edgewell Personal Care presently has a consensus rating of Hold and an average price target of $42.25.

Get Our Latest Analysis on EPC

Edgewell Personal Care Trading Up 0.3 %

Shares of Edgewell Personal Care stock opened at $38.62 on Tuesday. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 16.16 and a beta of 0.84. The business has a 50-day moving average price of $38.11 and a 200-day moving average price of $37.50. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.87. Edgewell Personal Care has a twelve month low of $33.71 and a twelve month high of $43.90.

Edgewell Personal Care (NYSE:EPCGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.74 by $0.14. The company had revenue of $599.40 million during the quarter, compared to analyst estimates of $606.74 million. Edgewell Personal Care had a return on equity of 9.29% and a net margin of 5.40%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.56 earnings per share. Equities research analysts anticipate that Edgewell Personal Care will post 2.92 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.55%. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 25.10%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Wellington Management Group LLP boosted its position in shares of Edgewell Personal Care by 22.9% during the third quarter. Wellington Management Group LLP now owns 144,692 shares of the company’s stock valued at $5,348,000 after buying an additional 26,913 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Edgewell Personal Care by 274.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,085 shares of the company’s stock valued at $1,835,000 after buying an additional 36,723 shares during the period. Victory Capital Management Inc. boosted its position in shares of Edgewell Personal Care by 4.8% during the fourth quarter. Victory Capital Management Inc. now owns 432,041 shares of the company’s stock valued at $15,826,000 after buying an additional 19,718 shares during the period. Lighthouse Investment Partners LLC purchased a new position in shares of Edgewell Personal Care during the fourth quarter valued at approximately $2,762,000. Finally, Nicola Wealth Management LTD. boosted its position in shares of Edgewell Personal Care by 36.9% during the fourth quarter. Nicola Wealth Management LTD. now owns 74,200 shares of the company’s stock valued at $2,718,000 after buying an additional 20,000 shares during the period. Hedge funds and other institutional investors own 91.91% of the company’s stock.

About Edgewell Personal Care

(Get Free Report)

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.

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