Edgewell Personal Care (EPC) Rating Increased to Hold at Zacks Investment Research
Edgewell Personal Care (NYSE:EPC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Edgewell Personal Care Co. manufactures and markets personal care products. The company’s brand consists of Schick(R) and Wilkinson Sword(R) men’s and women’s shaving systems and disposable razors; Edge(R) and Skintimate(R) shave preparations; Playtex(R), Stayfree(R), Carefree(R) and o.b. (R) feminine care products; Banana Boat(R) and Hawaiian Tropic(R) sun care products; Playtex(R) infant feeding, Diaper Genie(R) and gloves; Wet Ones(R) moist wipes. Edgewell Personal Care Co., formerly known as Energizer Holdings, is based in St Louis, United States. “
Several other research analysts have also commented on EPC. Jefferies Group reaffirmed a “hold” rating and set a $78.00 price objective on shares of Edgewell Personal Care in a research note on Thursday, October 19th. Barclays downgraded Edgewell Personal Care from an “equal weight” rating to an “underweight” rating and set a $55.00 target price for the company. in a research report on Friday, November 10th. Citigroup decreased their target price on Edgewell Personal Care from $87.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, November 10th. Morgan Stanley decreased their target price on Edgewell Personal Care from $80.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, November 10th. Finally, Bank of America decreased their target price on Edgewell Personal Care from $77.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $68.67.
Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.37). The firm had revenue of $468.30 million for the quarter, compared to analysts’ expectations of $470.63 million. Edgewell Personal Care had a positive return on equity of 11.24% and a negative net margin of 0.92%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 earnings per share. research analysts anticipate that Edgewell Personal Care will post 3.85 EPS for the current fiscal year.
Edgewell Personal Care announced that its board has authorized a stock repurchase program on Thursday, February 8th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
In other news, Director Daniel J. Heinrich acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $50.59 per share, for a total transaction of $50,590.00. Following the completion of the acquisition, the director now directly owns 4,530 shares of the company’s stock, valued at approximately $229,172.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Anthony J. Bender acquired 1,450 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average price of $50.02 per share, with a total value of $72,529.00. Following the completion of the acquisition, the vice president now directly owns 14,359 shares of the company’s stock, valued at $718,237.18. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 6,419 shares of company stock valued at $323,077. Corporate insiders own 0.97% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in EPC. Avestar Capital LLC bought a new stake in shares of Edgewell Personal Care in the fourth quarter valued at about $103,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Edgewell Personal Care in the fourth quarter valued at about $120,000. Ford Financial Group Inc. bought a new stake in shares of Edgewell Personal Care in the fourth quarter valued at about $133,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Edgewell Personal Care by 3,194.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,163 shares of the company’s stock valued at $188,000 after acquiring an additional 3,067 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Edgewell Personal Care in the fourth quarter valued at about $201,000. Hedge funds and other institutional investors own 93.07% of the company’s stock.
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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.
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