Insider Buying: Edgewell Personal Care Co (EPC) CEO Purchases $199,958.22 in Stock

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

Shares of Edgewell Personal Care Co (NYSE:EPC) opened at $54.48 on Thursday. The company has a quick ratio of 1.87, a current ratio of 2.65 and a debt-to-equity ratio of 1.01. The firm has a market cap of $2,708.52, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 3.66 and a beta of 0.74. 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 issued its quarterly earnings data on Thursday, February 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.37). Edgewell Personal Care had a positive return on equity of 11.24% and a negative net margin of 0.92%. The company had revenue of $468.30 million for the quarter, compared to the consensus estimate of $470.63 million. During the same period in the prior year, the company earned $0.66 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. sell-side analysts anticipate that Edgewell Personal Care Co will post 3.83 EPS for the current year.

Edgewell Personal Care announced that its Board of Directors has initiated a stock buyback program on Thursday, February 8th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

A number of brokerages have recently issued reports on EPC. Jefferies Group reiterated a “hold” rating and set a $78.00 target price on shares of Edgewell Personal Care in a research report on Thursday, October 19th. Wells Fargo & Co began coverage on shares of Edgewell Personal Care in a report on Tuesday, December 19th. They issued a “market perform” rating on the stock. Bank of America lowered shares of Edgewell Personal Care from a “neutral” rating to an “underperform” rating in a report on Thursday, January 4th. Zacks Investment Research upgraded shares of Edgewell Personal Care from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Barclays lowered shares of Edgewell Personal Care from an “equal weight” rating to an “underweight” rating and set a $55.00 price objective on the stock. in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Edgewell Personal Care has an average rating of “Hold” and an average price target of $68.67.

A number of institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its position in Edgewell Personal Care by 107.6% in the fourth quarter. Jane Street Group LLC now owns 14,314 shares of the company’s stock valued at $850,000 after purchasing an additional 7,418 shares in the last quarter. Verition Fund Management LLC grew its position in Edgewell Personal Care by 74.4% in the fourth quarter. Verition Fund Management LLC now owns 21,898 shares of the company’s stock valued at $1,301,000 after purchasing an additional 9,341 shares in the last quarter. Sciencast Management LP grew its position in Edgewell Personal Care by 87.3% in the fourth quarter. Sciencast Management LP now owns 9,102 shares of the company’s stock valued at $529,000 after purchasing an additional 4,243 shares in the last quarter. Flinton Capital Management LLC grew its position in Edgewell Personal Care by 22.0% in the fourth quarter. Flinton Capital Management LLC now owns 7,922 shares of the company’s stock valued at $471,000 after purchasing an additional 1,428 shares in the last quarter. Finally, Tyers Asset Management LLC grew its position in Edgewell Personal Care by 22.0% in the fourth quarter. Tyers Asset Management LLC now owns 6,524 shares of the company’s stock valued at $388,000 after purchasing an additional 1,176 shares in the last quarter. 93.07% of the stock is owned by institutional investors and hedge funds.

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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.

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