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Edgewell Personal Care Co (NYSE:EPC) Short Interest Update

kopsource · Oct 4, 2022 14:32

Edgewell Personal Care Co (NYSE:EPC – Get Rating) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 2,880,000 shares, a growth of 12.9% from the August 31st total of 2,550,000 shares. Approximately 5.6% of the company's shares are sold short. Based on an average daily volume of 373,200 shares, the short-interest ratio is presently 7.7 days.

Edgewell Personal Care Stock Performance

NYSE:EPC traded up $0.97 during mid-day trading on Tuesday, reaching $38.94. The stock had a trading volume of 12,483 shares, compared to its average volume of 489,984. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.90 and a current ratio of 1.62. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 18.99 and a beta of 0.88. Edgewell Personal Care has a twelve month low of $32.00 and a twelve month high of $51.86. The business has a 50 day simple moving average of $39.75 and a 200 day simple moving average of $37.38.

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Edgewell Personal Care (NYSE:EPC – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.16. Edgewell Personal Care had a net margin of 5.00% and a return on equity of 9.90%. The firm had revenue of $623.80 million during the quarter, compared to the consensus estimate of $613.70 million. During the same quarter last year, the firm earned $0.89 earnings per share. The firm's revenue was up 8.8% compared to the same quarter last year. On average, analysts expect that Edgewell Personal Care will post 2.55 earnings per share for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, September 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. Edgewell Personal Care's payout ratio is 30.00%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wells Fargo & Company increased their price objective on Edgewell Personal Care from $39.00 to $44.00 and gave the company an "overweight" rating in a research note on Wednesday, August 3rd. Barclays increased their price objective on Edgewell Personal Care from $29.00 to $33.00 and gave the company an "underweight" rating in a research note on Monday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $44.50.

Institutional Investors Weigh In On Edgewell Personal Care

A number of hedge funds and other institutional investors have recently modified their holdings of EPC. Advisor Group Holdings Inc. raised its position in shares of Edgewell Personal Care by 42.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,895 shares of the company's stock worth $70,000 after purchasing an additional 563 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Edgewell Personal Care by 228.0% during the 2nd quarter. Captrust Financial Advisors now owns 2,309 shares of the company's stock worth $80,000 after purchasing an additional 1,605 shares during the last quarter. EMC Capital Management raised its position in shares of Edgewell Personal Care by 11.0% during the 2nd quarter. EMC Capital Management now owns 3,039 shares of the company's stock worth $105,000 after purchasing an additional 300 shares during the last quarter. KBC Group NV acquired a new position in shares of Edgewell Personal Care during the 2nd quarter worth approximately $159,000. Finally, Cypress Wealth Services LLC acquired a new position in shares of Edgewell Personal Care during the 1st quarter worth approximately $202,000. 93.26% of the stock is currently owned by institutional investors and hedge funds.

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.