Wells Fargo & Company Cuts Edgewell Personal Care (NYSE:EPC) Price Target to $23.00

Edgewell Personal Care (NYSE:EPC) had its price target trimmed by Wells Fargo & Company from $25.00 to $23.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research firms also recently issued reports on EPC. Canaccord Genuity Group dropped their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Barclays decreased their price objective on 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 raised Edgewell Personal Care from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Morgan Stanley upgraded shares of Edgewell Personal Care from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $26.00 to $23.00 in a research report on Wednesday, August 6th. Finally, UBS Group reduced their target price on Edgewell Personal Care from $28.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $23.50.

Edgewell Personal Care Trading Down 1.7%

Shares of NYSE:EPC opened at $18.09 on Friday. Edgewell Personal Care has a 1 year low of $17.62 and a 1 year high of $38.44. The business’s 50 day simple moving average is $20.01 and its 200 day simple moving average is $23.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.77 and a quick ratio of 0.91. The company has a market capitalization of $840.30 million, a P/E ratio of 13.40 and a beta of 0.81.

Edgewell Personal Care (NYSE:EPC) last issued its earnings results on Thursday, November 13th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.14). Edgewell Personal Care had a net margin of 2.94% and a return on equity of 8.06%. The firm had revenue of $537.20 million during the quarter, compared to analyst estimates of $532.67 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Edgewell Personal Care’s quarterly revenue was up 3.8% compared to the same quarter last year. Edgewell Personal Care has set its FY 2026 guidance at 2.150-2.550 EPS. On average, research analysts anticipate 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 Thursday, January 8th. Stockholders of record on Thursday, December 4th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Thursday, December 4th. Edgewell Personal Care’s dividend payout ratio (DPR) is 115.38%.

Hedge Funds Weigh In On Edgewell Personal Care

A number of institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in Edgewell Personal Care by 238.5% during the first quarter. PNC Financial Services Group Inc. now owns 975 shares of the company’s stock valued at $30,000 after purchasing an additional 687 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Edgewell Personal Care by 195.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,837 shares of the company’s stock worth $43,000 after buying an additional 1,215 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Edgewell Personal Care by 167.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,968 shares of the company’s stock worth $46,000 after purchasing an additional 1,231 shares during the period. Hantz Financial Services Inc. bought a new position in Edgewell Personal Care during the second quarter valued at $69,000. Finally, EMC Capital Management bought a new stake in Edgewell Personal Care in the second quarter worth about $94,000. 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.