Keybank National Association OH trimmed its position in shares of Edgewell Personal Care Co (NYSE:EPC) by 36.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,559 shares of the company’s stock after selling 3,192 shares during the period. Keybank National Association OH’s holdings in Edgewell Personal Care were worth $330,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Magnetar Financial LLC purchased a new stake in shares of Edgewell Personal Care during the third quarter worth approximately $208,000. Virginia Retirement Systems ET AL purchased a new stake in shares of Edgewell Personal Care during the third quarter worth approximately $211,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Edgewell Personal Care by 3,194.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,163 shares of the company’s stock worth $188,000 after buying an additional 3,067 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Edgewell Personal Care during the third quarter worth approximately $233,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Edgewell Personal Care during the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 99.14% of the company’s stock.
EPC has been the topic of a number of recent research reports. Bank of America lowered shares of Edgewell Personal Care from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 4th. Zacks Investment Research lowered shares of Edgewell Personal Care from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 14th. Wells Fargo & Co began coverage on Edgewell Personal Care in a report on Tuesday, December 19th. They issued a “market perform” rating for the company. KeyCorp reaffirmed a “hold” rating on shares of Edgewell Personal Care in a report on Friday, November 24th. Finally, TheStreet downgraded Edgewell Personal Care from a “c” rating to a “d+” rating in a report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $67.91.
Edgewell Personal Care Co (NYSE:EPC) opened at $51.65 on Tuesday. 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 capitalization of $2,794.38, a P/E ratio of -129.13, a P/E/G ratio of 3.77 and a beta of 0.74. Edgewell Personal Care Co has a fifty-two week low of $46.83 and a fifty-two week high of $78.04.
Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.37). The business had revenue of $468.30 million during the quarter, compared to analyst estimates of $470.63 million. Edgewell Personal Care had a negative net margin of 0.92% and a positive return on equity of 11.24%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. equities analysts anticipate that Edgewell Personal Care Co will post 3.83 EPS for the current fiscal year.
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 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
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Edgewell Personal Care 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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