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Church & Dwight (NYSE:CHD – Get Rating) had its price target lowered by stock analysts at The Goldman Sachs Group from $93.00 to $83.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 17.31% from the stock’s current price.
Other equities analysts have also recently issued research reports about the company. Bank of America initiated coverage on Church & Dwight in a report on Wednesday, September 14th. They issued an “underperform” rating for the company. Oppenheimer reduced their price target on Church & Dwight to $85.00 in a report on Thursday, September 29th. Barclays reduced their price target on Church & Dwight from $76.00 to $73.00 and set an “underweight” rating for the company in a report on Wednesday, September 7th. Truist Financial lowered Church & Dwight from a “buy” rating to a “hold” rating in a research note on Thursday, September 8th. Finally, Royal Bank of Canada cut their price objective on Church & Dwight from $94.00 to $92.00 and set a “sector perform” rating for the company in a research note on Monday, August 1st. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $88.21.
Church & Dwight Stock Performance
CHD traded up $0.03 on Monday, reaching $70.75. 2,311 shares of the stock were exchanged, compared to its average volume of 1,572,763. The company’s 50-day moving average price is $81.58 and its 200 day moving average price is $90.03. Church & Dwight has a fifty-two week low of $70.31 and a fifty-two week high of $105.28. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.63. The firm has a market capitalization of $17.19 billion, a PE ratio of 22.40, a PEG ratio of 3.53 and a beta of 0.43.
Church & Dwight (NYSE:CHD – Get Rating) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.05. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. The company’s revenue for the quarter was up 4.2% on a year-over -year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. As a group, sell-side analysts forecast that Church & Dwight will post 2.97 EPS for the current fiscal year.
Insider Activity
In other news, EVP Rene Hemsey sold 5,000 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $76.77, for a total value of $383,850.00. Following the sale, the executive vice president now directly owns 6,259 shares in the company, valued at $480,503.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.
Hedge Funds Weigh In On Church & Dwight
Several large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its holdings in shares of Church & Dwight by 2.6% during the first quarter. Envestnet Asset Management Inc. now owns 352,592 shares of the company’s stock worth $35,041,000 after purchasing an additional 8,881 shares during the last quarter. Addenda Capital Inc. grew its holdings in shares of Church & Dwight by 9.2% during the first quarter. Addenda Capital Inc. now owns 69,942 shares of the company’s stock worth $6,951,000 after purchasing an additional 5,868 shares during the last quarter. Prudential PLC purchased a new position in shares of Church & Dwight during the first quarter worth about $4,126,000. Teacher Retirement System of Texas grew its holdings in shares of Church & Dwight by 122.8% during the first quarter. Teacher Retirement System of Texas now owns 106,720 shares of the company’s stock worth $10,606,000 after purchasing an additional 58,817 shares during the last quarter. Finally, Natixis Advisors LP grew its holdings in shares of Church & Dwight by 9.0% during the first quarter. Natixis Advisors LP now owns 207,549 shares of the company’s stock worth $20,626,000 after purchasing an additional 17,075 shares during the last quarter. Hedge funds and other institutional investors own 82.59% of the company’s stock.
Church & Dwight Company Profile
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Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry 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 analgesics 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; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS produc ts; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.
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