Edgewell Personal Care Co (EPC) CEO David P. Hatfield Acquires 3,969 Shares

Edgewell Personal Care Co (NYSE:EPC) CEO David P. Hatfield bought 3,969 shares of Edgewell Personal Care stock in a transaction on Monday, February 12th. The shares were acquired at an average price of $50.38 per share, for a total transaction of $199,958.22. Following the completion of the acquisition, the chief executive officer now owns 18,619 shares of the company’s stock, valued at approximately $938,025.22. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Edgewell Personal Care Co (NYSE:EPC) traded up $1.06 during trading hours on Monday, hitting $51.18. The company had a trading volume of 607,536 shares, compared to its average volume of 812,043. The company has a current ratio of 2.65, a quick ratio of 1.87 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $2,760.00, a P/E ratio of -129.23, a P/E/G ratio of 2.79 and a beta of 0.75. Edgewell Personal Care Co has a twelve month low of $46.83 and a twelve month high of $82.06.

Edgewell Personal Care (NYSE:EPC) last released its earnings results on Thursday, February 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.37). The company had revenue of $468.30 million during the quarter, compared to analyst estimates of $470.63 million. Edgewell Personal Care had a negative net margin of 0.92% and a positive return on equity of 11.24%. Edgewell Personal Care’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 EPS. research analysts anticipate that Edgewell Personal Care Co will post 3.9 EPS for the current year.

Edgewell Personal Care announced that its board has initiated a share repurchase plan on Thursday, February 8th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

A number of analysts have recently commented on the company. Wells Fargo & Co restated a “market perform” rating and issued a $59.00 price target on shares of Edgewell Personal Care in a report on Monday, December 18th. KeyCorp restated a “hold” rating on shares of Edgewell Personal Care in a report on Monday, October 16th. Morgan Stanley cut their price target on Edgewell Personal Care from $65.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday. SunTrust Banks restated a “hold” rating and issued a $65.00 price target on shares of Edgewell Personal Care in a report on Friday, November 10th. Finally, Zacks Investment Research lowered Edgewell Personal Care from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $68.67.

Several large investors have recently added to or reduced their stakes in EPC. Schroder Investment Management Group increased its position in shares of Edgewell Personal Care by 531.2% in the fourth quarter. Schroder Investment Management Group now owns 884,300 shares of the company’s stock valued at $52,519,000 after acquiring an additional 744,200 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Edgewell Personal Care by 13.7% in the third quarter. JPMorgan Chase & Co. now owns 3,476,454 shares of the company’s stock valued at $252,077,000 after acquiring an additional 419,403 shares during the last quarter. Bank of New York Mellon Corp increased its position in Edgewell Personal Care by 27.4% during the fourth quarter. Bank of New York Mellon Corp now owns 897,173 shares of the company’s stock worth $53,284,000 after buying an additional 193,148 shares during the last quarter. Clifford Swan Investment Counsel LLC increased its position in Edgewell Personal Care by 1,373.4% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 202,282 shares of the company’s stock worth $12,014,000 after buying an additional 188,553 shares during the last quarter. Finally, PGGM Investments acquired a new position in Edgewell Personal Care during the fourth quarter worth approximately $9,104,000. 93.07% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Edgewell Personal Care Co (EPC) CEO David P. Hatfield Acquires 3,969 Shares” was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/12/edgewell-personal-care-co-epc-ceo-david-p-hatfield-acquires-3969-shares.html.

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.

Receive News & Ratings for Edgewell Personal Care Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edgewell Personal Care and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply