Robeco Institutional Asset Management B.V. purchased a new position in Edgewell Personal Care Co. (NYSE:EPC) during the second quarter, according to its most recent filing with the SEC. The fund purchased 17,566 shares of the company’s stock, valued at approximately $1,483,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Edgewell Personal Care by 13.5% in the second quarter. Creative Planning now owns 1,938 shares of the company’s stock worth $164,000 after buying an additional 230 shares during the last quarter. Boothbay Fund Management LLC raised its stake in shares of Edgewell Personal Care by 10.4% in the first quarter. Boothbay Fund Management LLC now owns 3,169 shares of the company’s stock worth $255,000 after buying an additional 299 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Edgewell Personal Care during the second quarter worth $279,000. Bayesian Capital Management LP bought a new stake in shares of Edgewell Personal Care during the first quarter worth $312,000. Finally, Babson Capital Management LLC bought a new stake in shares of Edgewell Personal Care during the first quarter worth $506,000. 86.39% of the stock is owned by hedge funds and other institutional investors.
Shares of Edgewell Personal Care Co. (NYSE:EPC) remained flat at $77.33 on Friday. The company had a trading volume of 450,584 shares. Edgewell Personal Care Co. has a 12 month low of $67.94 and a 12 month high of $88.00. The company’s 50-day moving average is $78.43 and its 200 day moving average is $80.79. The stock’s market capitalization is $4.56 billion.
Edgewell Personal Care (NYSE:EPC) last announced its earnings results on Tuesday, August 2nd. The company reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.12. The company had revenue of $645.10 million for the quarter, compared to analysts’ expectations of $647.55 million. Edgewell Personal Care had a positive return on equity of 10.27% and a negative net margin of 4.02%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business earned $1.17 EPS. Analysts forecast that Edgewell Personal Care Co. will post $3.48 EPS for the current fiscal year.
A number of brokerages recently weighed in on EPC. Bank of America Corp. lowered shares of Edgewell Personal Care from a “buy” rating to a “neutral” rating and set a $84.00 price objective for the company. in a report on Monday, September 12th. They noted that the move was a valuation call. Jefferies Group decreased their price objective on shares of Edgewell Personal Care from $77.00 to $75.00 and set a “hold” rating for the company in a report on Thursday, August 25th. Zacks Investment Research upgraded shares of Edgewell Personal Care from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Citigroup Inc. decreased their price objective on shares of Edgewell Personal Care from $97.00 to $94.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $93.00 price objective (up previously from $88.00) on shares of Edgewell Personal Care in a report on Friday, July 15th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $85.88.
Edgewell Personal Care Company Profile
Edgewell Personal Care Company, formerly Energizer Holdings, Inc, manufactures and markets personal care products in the wet shave, sun and skin care, feminine care and infant care categories. The Company operates through four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other. The Company has a portfolio of over 25 brands.
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