Gotham Asset Management LLC raised its position in shares of Edgewell Personal Care Co (NYSE:EPC) by 186.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,148 shares of the company’s stock after buying an additional 166,224 shares during the period. Gotham Asset Management LLC owned about 0.47% of Edgewell Personal Care worth $15,153,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in shares of Edgewell Personal Care by 1.4% during the fourth quarter. Teachers Advisors LLC now owns 68,447 shares of the company’s stock worth $4,065,000 after buying an additional 961 shares during the period. Swiss National Bank boosted its position in shares of Edgewell Personal Care by 1.5% during the fourth quarter. Swiss National Bank now owns 92,200 shares of the company’s stock worth $5,476,000 after buying an additional 1,400 shares during the period. Flinton Capital Management LLC boosted its position in shares of Edgewell Personal Care by 22.0% during the fourth quarter. Flinton Capital Management LLC now owns 7,922 shares of the company’s stock worth $471,000 after buying an additional 1,428 shares during the period. First Republic Investment Management Inc. boosted its position in shares of Edgewell Personal Care by 28.3% during the fourth quarter. First Republic Investment Management Inc. now owns 7,057 shares of the company’s stock worth $419,000 after buying an additional 1,556 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Edgewell Personal Care by 9.6% during the third quarter. Sei Investments Co. now owns 20,464 shares of the company’s stock worth $1,489,000 after buying an additional 1,785 shares during the period. Institutional investors and hedge funds own 96.86% of the company’s stock.
Shares of EPC stock opened at $47.91 on Wednesday. Edgewell Personal Care Co has a 52 week low of $46.83 and a 52 week high of $78.04. 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 firm has a market capitalization of $2,713.92, a price-to-earnings ratio of -119.78, a price-to-earnings-growth ratio of 3.66 and a beta of 0.81.
Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.37). Edgewell Personal Care had a negative net margin of 0.92% and a positive return on equity of 11.24%. The business had revenue of $468.30 million during the quarter, compared to analyst estimates of $470.63 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. equities research analysts predict that Edgewell Personal Care Co will post 3.83 EPS for the current year.
Edgewell Personal Care announced that its board has approved a share buyback program on Thursday, February 8th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
In other news, VP Anthony J. Bender bought 1,050 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $50.00 per share, for a total transaction of $52,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director R David Hoover bought 1,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were purchased at an average price of $52.94 per share, for a total transaction of $52,940.00. The disclosure for this purchase can be found here. Insiders have bought 10,021 shares of company stock worth $511,551 in the last quarter. Insiders own 0.97% of the company’s stock.
EPC has been the subject of several research analyst reports. Zacks Investment Research lowered Edgewell Personal Care from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada reiterated a “buy” rating and issued a $72.00 target price on shares of Edgewell Personal Care in a report on Friday, February 9th. Bank of America lowered Edgewell Personal Care from a “neutral” rating to an “underperform” rating in a report on Thursday, January 4th. KeyCorp reiterated a “hold” rating on shares of Edgewell Personal Care in a report on Friday, November 24th. Finally, Morgan Stanley decreased their target price on Edgewell Personal Care from $65.00 to $56.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $67.91.
About Edgewell Personal Care
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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