Edgewell Personal Care (EPC) Cut to “Sell” at Zacks Investment Research

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Zacks Investment Research lowered shares of Edgewell Personal Care (NYSE:EPC) from a hold rating to a sell rating in a research report report published on Monday morning, Zacks.com reports.

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. “

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Co lifted their target price on Edgewell Personal Care from $39.00 to $41.00 and gave the stock a market perform rating in a research note on Tuesday, April 16th. Jefferies Financial Group reiterated a hold rating and set a $38.00 target price on shares of Edgewell Personal Care in a research note on Thursday, February 7th. ValuEngine upgraded Edgewell Personal Care from a strong sell rating to a sell rating in a research note on Wednesday, February 13th. SunTrust Banks lifted their target price on Edgewell Personal Care to $45.00 and gave the stock a hold rating in a research note on Monday, March 4th. Finally, Barclays set a $37.00 target price on Edgewell Personal Care and gave the stock a sell rating in a research note on Saturday, February 9th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $45.82.

Shares of NYSE EPC traded up $0.57 during mid-day trading on Monday, reaching $41.64. 3,169 shares of the company’s stock were exchanged, compared to its average volume of 500,102. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 4.53 and a beta of 0.66. Edgewell Personal Care has a 52 week low of $35.85 and a 52 week high of $59.16. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.46 and a quick ratio of 0.87.

Edgewell Personal Care (NYSE:EPC) last released its earnings results on Thursday, February 7th. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.15. The company had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $445.53 million. Edgewell Personal Care had a return on equity of 11.57% and a net margin of 4.33%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. Research analysts expect that Edgewell Personal Care will post 3.4 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in EPC. Norges Bank bought a new stake in Edgewell Personal Care in the 4th quarter valued at about $33,544,000. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in Edgewell Personal Care in the 4th quarter valued at about $8,517,000. Brandywine Global Investment Management LLC bought a new stake in Edgewell Personal Care in the 4th quarter valued at about $6,934,000. Brandes Investment Partners LP raised its stake in Edgewell Personal Care by 18.0% in the 4th quarter. Brandes Investment Partners LP now owns 1,026,209 shares of the company’s stock valued at $38,329,000 after acquiring an additional 156,665 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Edgewell Personal Care by 7.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,270,946 shares of the company’s stock valued at $84,821,000 after acquiring an additional 147,982 shares during the period. Institutional investors and hedge funds own 97.12% of the company’s stock.

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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