Church & Dwight Company, Inc. (NYSE:CHD) has been given a $49.00 target price by stock analysts at Barclays PLC in a note issued to investors on Sunday, August 6th. The brokerage presently has a “sell” rating on the stock. Barclays PLC’s price target points to a potential downside of 2.10% from the company’s current price.
A number of other brokerages have also issued reports on CHD. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Wednesday, June 7th. Jefferies Group LLC restated a “buy” rating and issued a $58.00 target price (up previously from $54.00) on shares of Church & Dwight in a research note on Tuesday, April 18th. BidaskClub upgraded Church & Dwight from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Royal Bank Of Canada restated a “sector perform” rating and issued a $45.00 target price on shares of Church & Dwight in a research note on Friday, May 5th. Finally, UBS AG restated a “sell” rating and issued a $48.00 target price (up previously from $46.00) on shares of Church & Dwight in a research note on Tuesday, July 18th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Church & Dwight currently has an average rating of “Hold” and a consensus price target of $51.07.
Church & Dwight (NYSE CHD) traded up 0.40% on Friday, reaching $50.05. The company’s stock had a trading volume of 1,130,327 shares. The stock’s 50 day moving average price is $51.83 and its 200 day moving average price is $50.67. Church & Dwight has a 52-week low of $42.56 and a 52-week high of $54.18. The firm has a market cap of $12.49 billion, a PE ratio of 29.60 and a beta of 0.57.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The firm had revenue of $898 million during the quarter, compared to analyst estimates of $903.87 million. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts expect that Church & Dwight will post $1.93 earnings per share for the current fiscal year.
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In related news, EVP Steven P. Cugine sold 177,940 shares of Church & Dwight stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $50.30, for a total value of $8,950,382.00. Following the sale, the executive vice president now directly owns 46,348 shares in the company, valued at approximately $2,331,304.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert D. Leblanc sold 9,718 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total value of $484,345.12. Following the transaction, the director now owns 56,497 shares in the company, valued at $2,815,810.48. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its stake in shares of Church & Dwight by 8.3% in the fourth quarter. Teachers Advisors LLC now owns 485,581 shares of the company’s stock worth $21,458,000 after buying an additional 37,140 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in Church & Dwight by 1.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 219,509 shares of the company’s stock valued at $10,946,000 after buying an additional 2,725 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Church & Dwight by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 80,120 shares of the company’s stock valued at $3,995,000 after buying an additional 1,200 shares in the last quarter. National Pension Service increased its position in Church & Dwight by 4.7% in the first quarter. National Pension Service now owns 232,933 shares of the company’s stock valued at $11,654,000 after buying an additional 10,468 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Church & Dwight by 10.3% in the first quarter. Bank of Montreal Can now owns 332,916 shares of the company’s stock valued at $16,603,000 after buying an additional 31,108 shares in the last quarter. 80.62% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Company Profile
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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