Zacks Investment Research Upgrades Edgewell Personal Care (EPC) to “Hold”

Edgewell Personal Care (NYSE:EPC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to 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. “

A number of other analysts also recently issued reports on EPC. Jefferies Group reiterated a “hold” rating and issued a $78.00 price objective on shares of Edgewell Personal Care in a report on Thursday, October 19th. Barclays downgraded shares of Edgewell Personal Care from an “equal weight” rating to an “underweight” rating and set a $55.00 target price on the stock. in a report on Friday, November 10th. Citigroup lowered their target price on shares of Edgewell Personal Care from $87.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Morgan Stanley lowered their target price on shares of Edgewell Personal Care from $80.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, November 10th. Finally, Bank of America lowered their target price on shares of Edgewell Personal Care from $77.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $68.67.

Edgewell Personal Care (NYSE EPC) traded up $4.32 during midday trading on Wednesday, hitting $54.48. 1,979,953 shares of the stock were exchanged, compared to its average volume of 886,577. The company has a quick ratio of 1.87, a current ratio of 2.65 and a debt-to-equity ratio of 1.01. Edgewell Personal Care has a 12 month low of $46.83 and a 12 month high of $82.06. The firm has a market capitalization of $2,752.80, a P/E ratio of -136.20, a PEG ratio of 2.88 and a beta of 0.74.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.37). Edgewell Personal Care had a negative net margin of 0.92% and a positive return on equity of 11.24%. The business had revenue of $468.30 million during the quarter, compared to analyst estimates of $470.63 million. During the same quarter last year, the business earned $0.66 earnings per share. Edgewell Personal Care’s revenue for the quarter was down 3.4% on a year-over-year basis. sell-side analysts predict that Edgewell Personal Care will post 3.85 earnings per share for the current fiscal year.

Edgewell Personal Care declared that its board has approved a share buyback program on Thursday, February 8th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

In related news, Director Daniel J. Heinrich acquired 1,000 shares of Edgewell Personal Care stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $50.59 per share, with a total value of $50,590.00. Following the completion of the transaction, the director now directly owns 4,530 shares in the company, valued at approximately $229,172.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, VP Anthony J. Bender acquired 1,450 shares of Edgewell Personal Care stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $50.02 per share, with a total value of $72,529.00. Following the completion of the transaction, the vice president now 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 ninety days, insiders have acquired 6,419 shares of company stock valued at $323,077. Company insiders own 0.97% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Edgewell Personal Care by 0.3% during the fourth quarter. BlackRock Inc. now owns 8,419,855 shares of the company’s stock worth $500,055,000 after purchasing an additional 23,842 shares during the period. JPMorgan Chase & Co. boosted its position in Edgewell Personal Care by 13.7% during the third quarter. JPMorgan Chase & Co. now owns 3,476,454 shares of the company’s stock worth $252,077,000 after purchasing an additional 419,403 shares during the period. Gamco Investors INC. ET AL boosted its position in Edgewell Personal Care by 0.3% during the third quarter. Gamco Investors INC. ET AL now owns 2,084,655 shares of the company’s stock worth $151,700,000 after purchasing an additional 7,050 shares during the period. Bank of New York Mellon Corp boosted 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 purchasing an additional 193,148 shares during the period. Finally, Schroder Investment Management Group boosted its position in Edgewell Personal Care by 531.2% during the fourth quarter. Schroder Investment Management Group now owns 884,300 shares of the company’s stock worth $52,519,000 after purchasing an additional 744,200 shares during the period. 93.07% of the stock is owned by hedge funds and other institutional investors.

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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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