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

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

Several other brokerages have also recently issued reports on EPC. Barclays boosted their price target on Edgewell Personal Care from $37.00 to $40.00 and gave the company an equal weight rating in a research note on Friday, May 10th. Canaccord Genuity Group increased their target price on Edgewell Personal Care from $52.00 to $53.00 and gave the stock a buy rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $42.25.

Edgewell Personal Care Price Performance

NYSE:EPC opened at $40.00 on Friday. Edgewell Personal Care has a 12-month low of $33.71 and a 12-month high of $42.15. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 16.74 and a beta of 0.88. The stock’s 50 day moving average price is $39.05 and its two-hundred day moving average price is $37.97. 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 (NYSE:EPC) last posted its earnings results on Wednesday, May 8th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.14. The company had revenue of $599.40 million during the quarter, compared to analysts’ expectations of $606.74 million. Edgewell Personal Care had a net margin of 5.40% and a return on equity of 9.29%. Edgewell Personal Care’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 EPS. On average, analysts anticipate that Edgewell Personal Care will post 2.92 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 6th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, June 6th. Edgewell Personal Care’s dividend payout ratio is currently 25.10%.

Institutional Investors Weigh In On Edgewell Personal Care

Several large investors have recently modified their holdings of the company. Quadrant Capital Group LLC grew its holdings in Edgewell Personal Care by 82.2% in the fourth quarter. Quadrant Capital Group LLC now owns 698 shares of the company’s stock worth $26,000 after purchasing an additional 315 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Edgewell Personal Care during the first quarter worth about $35,000. TFO Wealth Partners LLC raised its holdings in shares of Edgewell Personal Care by 32,900.0% in the 4th quarter. TFO Wealth Partners LLC now owns 990 shares of the company’s stock worth $36,000 after acquiring an additional 987 shares during the last quarter. Lazard Asset Management LLC bought a new position in Edgewell Personal Care in the 1st quarter valued at about $116,000. Finally, Daiwa Securities Group Inc. acquired a new position in Edgewell Personal Care during the 1st quarter valued at about $234,000. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Edgewell Personal Care Company Profile

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.