Exchange Traded Concepts LLC grew its holdings in Edgewell Personal Care Co (NYSE:EPC – Get Rating) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,017 shares of the company's stock after acquiring an additional 320 shares during the quarter. Exchange Traded Concepts LLC's holdings in Edgewell Personal Care were worth $484,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. State of Alaska Department of Revenue boosted its position in shares of Edgewell Personal Care by 5.9% in the second quarter. State of Alaska Department of Revenue now owns 39,945 shares of the company's stock valued at $1,378,000 after acquiring an additional 2,225 shares during the period. Bank of America Corp DE boosted its position in shares of Edgewell Personal Care by 66.9% in the first quarter. Bank of America Corp DE now owns 237,964 shares of the company's stock valued at $8,726,000 after acquiring an additional 95,390 shares during the period. Jane Street Group LLC bought a new position in Edgewell Personal Care in the first quarter worth $229,000. Clearline Capital LP lifted its position in Edgewell Personal Care by 25.2% in the first quarter. Clearline Capital LP now owns 281,494 shares of the company's stock worth $10,322,000 after purchasing an additional 56,606 shares during the period. Finally, Woodline Partners LP lifted its position in Edgewell Personal Care by 29.8% in the first quarter. Woodline Partners LP now owns 748,258 shares of the company's stock worth $27,439,000 after purchasing an additional 171,605 shares during the period. 93.26% of the stock is owned by institutional investors.
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Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Barclays raised their target price on Edgewell Personal Care from $29.00 to $33.00 and gave the stock an "underweight" rating in a research report on Monday, August 8th. Wells Fargo & Company raised their target price on Edgewell Personal Care from $39.00 to $44.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $44.50.
Edgewell Personal Care Stock Performance
Edgewell Personal Care stock opened at $39.10 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.62 and a quick ratio of 0.90. The stock has a fifty day moving average price of $39.75 and a two-hundred day moving average price of $37.39. Edgewell Personal Care Co has a 52-week low of $32.00 and a 52-week high of $51.86. The firm has a market capitalization of $2.03 billion, a P/E ratio of 19.55 and a beta of 0.88.
Edgewell Personal Care (NYSE:EPC – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.16. Edgewell Personal Care had a return on equity of 9.90% and a net margin of 5.00%. The firm had revenue of $623.80 million during the quarter, compared to analyst estimates of $613.70 million. During the same period in the prior year, the company posted $0.89 earnings per share. The business's revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, analysts anticipate that Edgewell Personal Care Co will post 2.55 EPS for the current fiscal year.
Edgewell Personal Care Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Friday, September 2nd will be paid a $0.15 dividend. The ex-dividend date is Thursday, September 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.53%. Edgewell Personal Care's dividend payout ratio (DPR) is presently 30.00%.
Edgewell Personal Care Company Profile
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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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