Church & Dwight (NYSE:CHD) had its target price raised by stock analysts at Jefferies Financial Group from $65.00 to $68.00 in a note issued to investors on Monday, October 29th. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 3.77% from the stock’s previous close. Jefferies Financial Group also issued estimates for Church & Dwight’s FY2019 earnings at $2.52 EPS and FY2020 earnings at $2.75 EPS.
The analysts wrote, “CHD reported a strong 3Q, incl. EPS of $0.58 (vs. YoY org sales (+5.4% in consumer) vs. Street +3.5%. Topline/GM % beat drove high- quality ~5% OI upside. CHD guided up FY18 org sales (~4% vs. ~3.5%) and updated its EPS outlook to $2.27 (vs. Street $2.28) as co. appropriately invests upside to sustain topline momentum. Quality of results (accelerating org sales, GM %/EPS beat) stand out in beleagured HPC group – CHD should trade higher. Strong 3Q stands out in a beleagured HPC group: CHD’s 3Q revs of $1,038M beat Street est. of $1,022M by 1.5% on +4.7% org sales, or +5.4% ex-Specialty (vs. +3.5% Street and +3% per CHD’s guidance), which continues to look very strong in comparison to HPC industry peers (i.e., PG/KMB/CL/CLX).””
A number of other analysts have also recently weighed in on CHD. Societe Generale cut Church & Dwight from a “buy” rating to a “hold” rating and set a $54.00 price target for the company. in a research report on Tuesday, August 7th. Morgan Stanley boosted their price target on Church & Dwight from $46.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, August 3rd. BMO Capital Markets boosted their price objective on Church & Dwight from $47.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. UBS Group started coverage on Church & Dwight in a research report on Thursday, July 19th. They set a “neutral” rating and a $57.00 price objective for the company. Finally, ValuEngine raised Church & Dwight from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Church & Dwight has an average rating of “Hold” and an average target price of $60.06.
Shares of CHD stock traded up $1.11 on Monday, reaching $65.53. 1,822,004 shares of the company’s stock traded hands, compared to its average volume of 2,558,622. Church & Dwight has a 12-month low of $44.53 and a 12-month high of $67.93. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $15.86 billion, a price-to-earnings ratio of 33.78, a P/E/G ratio of 2.80 and a beta of 0.31.
Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, November 1st. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts predict that Church & Dwight will post 2.28 EPS for the current year.
In other news, EVP Steven P. Cugine sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $64.39, for a total value of $965,850.00. Following the sale, the executive vice president now directly owns 43,948 shares in the company, valued at approximately $2,829,811.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James Craigie sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $66.43, for a total value of $19,929,000.00. Following the completion of the sale, the director now owns 327,577 shares in the company, valued at $21,760,940.11. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Bartlett & Co. LLC grew its position in Church & Dwight by 937.5% during the 2nd quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock worth $106,000 after acquiring an additional 1,800 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Church & Dwight during the 3rd quarter worth approximately $107,000. Fort L.P. bought a new stake in Church & Dwight during the 2nd quarter worth approximately $129,000. Girard Partners LTD. bought a new stake in Church & Dwight during the 3rd quarter worth approximately $141,000. Finally, Global Trust Asset Management LLC bought a new stake in Church & Dwight during the 3rd quarter worth approximately $142,000. Institutional investors own 82.07% of the company’s stock.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; and water flossers and replacement showerheads under the WATERPIK brand.
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