Edgewell Personal Care (NYSE:EPC) Hits New 12-Month High – Here’s What Happened

Shares of Edgewell Personal Care Company (NYSE:EPC) reached a new 52-week high during trading on Wednesday. The company traded as high as $29.95 and last traded at $29.8510, with a volume of 278,358 shares traded. The stock had previously closed at $27.93.

Analyst Ratings Changes

Several research firms recently weighed in on EPC. Morgan Stanley set a $31.00 price target on shares of Edgewell Personal Care in a research report on Thursday, August 6th. UBS Group reiterated a “neutral” rating and issued a $30.00 price objective on shares of Edgewell Personal Care in a report on Thursday, October 15th. Canaccord Genuity Group boosted their price objective on Edgewell Personal Care from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Weiss Ratings raised Edgewell Personal Care from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Finally, Royal Bank Of Canada increased their target price on Edgewell Personal Care from $26.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $31.50.

Edgewell Personal Care Price Performance

The firm has a market capitalization of $1.37 billion, a PE ratio of -14.86 and a beta of 0.36. The stock’s 50 day simple moving average is $27.79 and its two-hundred day simple moving average is $23.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.12 and a current ratio of 1.84.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.08. Edgewell Personal Care had a positive return on equity of 5.76% and a negative net margin of 4.55%. The business had revenue of $570.10 million during the quarter, compared to analyst estimates of $574.87 million. During the same period in the prior year, the business earned $1.04 earnings per share. The business’s revenue was down 9.1% compared to the same quarter last year. On average, sell-side analysts forecast that Edgewell Personal Care Company will post 1.94 EPS for the current year.

Institutional Trading of Edgewell Personal Care

Several large investors have recently added to or reduced their stakes in the stock. Fulcrum Asset Management LLP boosted its position in shares of Edgewell Personal Care by 5,133.3% during the 3rd quarter. Fulcrum Asset Management LLP now owns 942 shares of the company’s stock worth $26,000 after purchasing an additional 924 shares during the period. Commonwealth Equity Services LLC acquired a new position in Edgewell Personal Care during the third quarter worth $362,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Edgewell Personal Care by 101.8% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 22,200 shares of the company’s stock worth $599,000 after purchasing an additional 11,200 shares in the last quarter. Signaturefd LLC boosted its position in shares of Edgewell Personal Care by 60.0% during the third quarter. Signaturefd LLC now owns 1,326 shares of the company’s stock worth $36,000 after buying an additional 497 shares during the period. Finally, Inspire Investing LLC boosted its position in shares of Edgewell Personal Care by 292.1% during the third quarter. Inspire Investing LLC now owns 119,880 shares of the company’s stock worth $3,234,000 after buying an additional 89,303 shares during the period. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Edgewell Personal Care Company Profile

Edgewell Personal Care Company (NYSE: EPC) is a global consumer products company focused on personal care products. Its portfolio includes shaving, sun care, skin care and feminine care products sold under brands such as Schick, Wilkinson Sword, Edge, Skintimate, Billie, Banana Boat, Hawaiian Tropic, Bulldog, Jack Black and Playtex.

The company’s shaving business offers razors, blades, shaving creams and gels for men and women. Its sun and skin care operations provide sunscreen, after-sun products and related personal care items, while its feminine care portfolio includes tampons and other menstrual care products.