Edgewell Personal Care Co (NYSE:EPC) shares reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $44.94 and last traded at $44.69, with a volume of 510188 shares. The stock had previously closed at $46.52.
Several research firms have issued reports on EPC. Bank of America cut Edgewell Personal Care from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 4th. Zacks Investment Research upgraded Edgewell Personal Care from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Wells Fargo reiterated a “hold” rating on shares of Edgewell Personal Care in a research report on Thursday, February 8th. Deutsche Bank cut their price objective on Edgewell Personal Care from $65.00 to $53.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Finally, Barclays set a $47.00 price objective on Edgewell Personal Care and gave the stock a “sell” rating in a research report on Saturday, February 10th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $67.64.
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 $2,561.65, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 3.53 and a beta of 0.77.
Edgewell Personal Care announced that its board has authorized a stock buyback plan on Thursday, February 8th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.
In related news, CEO David P. Hatfield acquired 3,969 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $50.38 per share, with a total value of $199,958.22. Following the completion of the purchase, the chief executive officer now directly owns 18,619 shares in the company, valued at $938,025.22. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director R David Hoover acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were bought at an average cost of $52.94 per share, for a total transaction of $52,940.00. The disclosure for this purchase can be found here. Insiders acquired 10,021 shares of company stock worth $511,551 in the last three months. 0.97% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB acquired a new stake in shares of Edgewell Personal Care during the fourth quarter valued at $356,000. MetLife Investment Advisors LLC acquired a new stake in shares of Edgewell Personal Care during the fourth quarter valued at $2,105,000. Gotham Asset Management LLC boosted its stake in shares of Edgewell Personal Care by 186.9% during the fourth quarter. Gotham Asset Management LLC now owns 255,148 shares of the company’s stock valued at $15,153,000 after acquiring an additional 166,224 shares during the last quarter. MainStreet Investment Advisors LLC acquired a new stake in shares of Edgewell Personal Care during the fourth quarter valued at $287,000. Finally, Jane Street Group LLC boosted its stake in shares of Edgewell Personal Care by 107.6% during the fourth quarter. Jane Street Group LLC now owns 14,314 shares of the company’s stock valued at $850,000 after acquiring an additional 7,418 shares during the last quarter. 96.86% of the stock is currently owned by institutional investors and hedge funds.
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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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