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Church & Dwight (NYSE: CHD) saw its price target slashed by investment analysts at Wells Fargo & Company from $ 92.00 to $ 89.00 in a report released Tuesday, Benzinga reports. The company currently has a “peer-to-peer†rating on the stock. Wells Fargo & Company’s price target indicates a potential rise of 7.80% from the current share price.
Other stock analysts have also recently published reports on the stock. The UBS group began covering Church & Dwight shares in a research note on Wednesday, June 23. They set a “neutral” rating and a price target of $ 85.00 for the stock. Raymond James downgraded Church & Dwight shares from a “market performance†rating to an “underperformance†rating in a research report released on Tuesday, July 13. Finally, Credit Suisse Group lowered its price target on Church & Dwight shares from $ 102.00 to $ 100.00 and set an “outperformance” rating on the stock in a research report released on Monday. August 2nd. Three equity research analysts gave the stock a sell rating, three assigned a conservation rating, and four gave the company a buy rating. According to MarketBeat data, Church & Dwight currently has a consensus rating of “Hold” and an average price target of $ 91.22.
NYSE: CHD opened at $ 82.56 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.82, and a debt ratio of 0.45. Church & Dwight has a minimum of $ 77.62 over 52 weeks and a maximum of $ 96.31 over 52 weeks. The stock has a market cap of $ 20.27 billion, a PE ratio of 25.88, a price / earnings-growth ratio of 3.44 and a beta of 0.39. The company’s fifty-day simple moving average is $ 84.46 and its 200-day simple moving average is $ 85.60.
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Church & Dwight (NYSE: CHD) last released its quarterly results on Thursday, July 29. The company reported earnings per share of $ 0.76 for the quarter, beating the consensus estimate of $ 0.70 by $ 0.06 by the Zacks. Church & Dwight had a net margin of 15.96% and a return on equity of 22.20%. The company posted revenue of $ 1.27 billion for the quarter, compared to analysts’ expectations of $ 1.26 billion. During the same period of the previous year, the company posted EPS of $ 0.77. The company’s revenue for the quarter increased 6.4% year-over-year. Stock analysts predict Church & Dwight will post 3 earnings per share for the current year.
In related news, CMO Britta Bomhard sold 38,738 shares in a trade that took place on Friday August 20. The shares were sold at an average price of $ 86.68, for a total trade of $ 3,357,809.84. After the sale closes, the chief marketing officer now owns 7,846 shares of the company, valued at approximately $ 680,091.28. The transaction was disclosed in a file with the SEC, accessible through the SEC’s website. In addition, director Robert K. Shearer sold 14,660 shares in a trade that took place on Friday August 20. The shares were sold at an average price of $ 86.60, for a total trade of $ 1,269,556.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 94,073 shares of the company valued at $ 8,108,739. Insiders own 2.00% of the shares of the company.
Hedge funds have recently increased or reduced their stakes in the company. Strategic Blueprint LLC purchased a new position in Church & Dwight during the second quarter valued at $ 25,000. Pinebridge Investments LP increased its stake in Church & Dwight by 141.3% during the first quarter. Pinebridge Investments LP now owns 292 shares of the company valued at $ 26,000 after purchasing 171 additional shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in Church & Dwight during the second quarter valued at $ 27,000. Capital Analysts LLC increased its stake in Church & Dwight by 244.1% during the second quarter. Capital Analysts LLC now owns 320 shares of the company valued at $ 27,000 after purchasing an additional 227 shares in the last quarter. Finally, Liberty Wealth Management LLC increased its stake in Church & Dwight by 8,512.1% during the second quarter. Liberty Wealth Management LLC now owns 2,842 shares of the company valued at $ 33,000 after purchasing an additional 2,809 shares in the last quarter. 80.50% of the shares are held by institutional investors and hedge funds.
About Church & Dwight
Church & Dwight Co, Inc is engaged in the development, manufacture and market of household, personal care and specialty products. It operates through the following segments: Consumer Domestic, Consumer International and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter and household cleaning products; and personal care products, including antiperspirants, oral care products, depilatories, reproductive health products, oral pain relievers, nasal saline moisturizers, and dietary supplements.
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