Edgewell Personal Care (NYSE:EPC) Price Target Cut to $25.00 by Analysts at Wells Fargo & Company

Edgewell Personal Care (NYSE:EPC) had its price objective trimmed by Wells Fargo & Company from $28.00 to $25.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley upgraded shares of Edgewell Personal Care from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $26.00 to $23.00 in a research note on Wednesday, August 6th. Barclays lowered their price target on shares of Edgewell Personal Care from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Zacks Research lowered shares of Edgewell Personal Care from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 19th. UBS Group lowered their price target on shares of Edgewell Personal Care from $28.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Finally, Canaccord Genuity Group lowered their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $28.29.

Edgewell Personal Care Trading Down 1.5%

Shares of NYSE:EPC opened at $19.45 on Thursday. The company has a market cap of $903.41 million, a P/E ratio of 14.40 and a beta of 0.85. The stock’s 50-day moving average is $23.19 and its 200-day moving average is $26.22. Edgewell Personal Care has a 52-week low of $19.13 and a 52-week high of $38.44. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.77.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.09). Edgewell Personal Care had a net margin of 2.94% and a return on equity of 8.06%. The business had revenue of $627.20 million during the quarter, compared to analyst estimates of $658.51 million. During the same period in the prior year, the business posted $1.22 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. Equities research analysts predict that Edgewell Personal Care will post 3.16 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Thursday, September 4th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. Edgewell Personal Care’s payout ratio is 44.44%.

Hedge Funds Weigh In On Edgewell Personal Care

Institutional investors and hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC grew its holdings in shares of Edgewell Personal Care by 38.6% in the 1st quarter. Voya Investment Management LLC now owns 54,720 shares of the company’s stock valued at $1,708,000 after buying an additional 15,248 shares during the period. GAMMA Investing LLC grew its holdings in shares of Edgewell Personal Care by 4,732.4% in the 1st quarter. GAMMA Investing LLC now owns 23,002 shares of the company’s stock valued at $737,000 after buying an additional 22,526 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Edgewell Personal Care by 3.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,986 shares of the company’s stock valued at $561,000 after buying an additional 517 shares during the period. Blue Trust Inc. grew its holdings in shares of Edgewell Personal Care by 35.3% in the 1st quarter. Blue Trust Inc. now owns 3,100 shares of the company’s stock valued at $97,000 after buying an additional 809 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Edgewell Personal Care by 1.3% in the 1st quarter. Invesco Ltd. now owns 435,529 shares of the company’s stock valued at $13,593,000 after buying an additional 5,401 shares during the period. 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.