Insider Buying: Edgewell Personal Care Co (EPC) Director Buys $50,590.00 in Stock

Edgewell Personal Care Co (NYSE:EPC) Director Daniel J. Heinrich acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $50.59 per share, for a total transaction of $50,590.00. Following the purchase, the director now directly owns 4,530 shares of the company’s stock, valued at $229,172.70. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Edgewell Personal Care Co (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 stock has a market cap of $2,708.52, a PE 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 earnings results on Thursday, February 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.37). The firm had revenue of $468.30 million during 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% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. sell-side analysts predict that Edgewell Personal Care Co will post 3.83 EPS for the current fiscal year.

Edgewell Personal Care declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 8th that permits the company to repurchase 10,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Institutional investors have recently modified their holdings of the business. Avestar Capital LLC purchased a new position in Edgewell Personal Care in the fourth quarter worth about $103,000. Amundi Pioneer Asset Management Inc. purchased a new position in Edgewell Personal Care in the fourth quarter worth about $120,000. Ford Financial Group Inc. purchased a new position in shares of Edgewell Personal Care during the fourth quarter valued at approximately $133,000. Magnetar Financial LLC purchased a new position in shares of Edgewell Personal Care during the third quarter valued at approximately $208,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Edgewell Personal Care during the third quarter valued at approximately $211,000. 93.07% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on EPC shares. Jefferies Group reissued 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 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 research note on Friday, November 10th. Citigroup dropped their price objective on shares of Edgewell Personal Care from $87.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Morgan Stanley dropped their price objective on shares of Edgewell Personal Care from $80.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, November 10th. Finally, Bank of America dropped their price objective on shares of Edgewell Personal Care from $77.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Edgewell Personal Care currently has a consensus rating of “Hold” and a consensus price target of $68.67.

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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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