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

Edgewell Personal Care (NYSE:EPC) had its target price decreased by Wells Fargo & Company from $35.00 to $32.00 in a research report sent to investors on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other analysts have also commented on the company. Morgan Stanley decreased their price target on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 11th. StockNews.com raised shares of Edgewell Personal Care from a “sell” rating to a “hold” rating in a report on Friday, April 25th. Canaccord Genuity Group cut their price target 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. UBS Group upped their price objective on shares of Edgewell Personal Care from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, April 17th. Finally, Royal Bank of Canada reduced their target price on Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Edgewell Personal Care has a consensus rating of “Hold” and a consensus price target of $33.00.

Edgewell Personal Care Trading Up 0.1 %

Shares of Edgewell Personal Care stock opened at $27.23 on Thursday. The company’s fifty day moving average price is $30.03 and its two-hundred day moving average price is $32.47. The firm has a market capitalization of $1.31 billion, a PE ratio of 14.88 and a beta of 0.91. Edgewell Personal Care has a 52-week low of $24.35 and a 52-week high of $41.50. 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) last posted its earnings results on Wednesday, May 7th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). The business had revenue of $580.70 million during the quarter, compared to the consensus estimate of $591.01 million. Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. On average, analysts expect that Edgewell Personal Care will post 3.16 EPS for the current year.

Edgewell Personal Care Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 6th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 2.20%. Edgewell Personal Care’s payout ratio is 32.79%.

Hedge Funds Weigh In On Edgewell Personal Care

Large investors have recently made changes to their positions in the company. Barclays PLC raised its holdings in 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 purchasing an additional 126,168 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Edgewell Personal Care by 6.2% in the third quarter. JPMorgan Chase & Co. now owns 669,914 shares of the company’s stock valued at $24,345,000 after buying an additional 39,059 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Edgewell Personal Care by 12.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 750,369 shares of the company’s stock valued at $25,122,000 after acquiring an additional 85,467 shares during the last quarter. SG Americas Securities LLC grew its holdings in 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 acquiring an additional 11,183 shares during the period. Finally, Amundi raised its position in shares of Edgewell Personal Care by 188.6% during the 4th quarter. Amundi now owns 25,051 shares of the company’s stock valued at $807,000 after acquiring an additional 16,370 shares during the last quarter. Institutional investors and hedge funds 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.