Church & Dwight (CHD) Gets Upgrade from Rothschild & Co Redburn on More Attractive Valuation
Rothschild & Co Redburn upgraded Church & Dwight (CHD) to Neutral from Sell and raised its price target to $91 from $81, citing a more attractive valuation for the stock. The analyst previously had a cautious view due to a perceived premium valuation that didn't fully reflect expected growth slowdown. Church & Dwight recently reported better-than-expected quarterly results, benefiting from steady demand, margin expansion expectations, and strategic business reshaping.
Church & Dwight (NYSE:CHD) Price Target Raised to $112.00 at TD Cowen
TD Cowen has raised its price target for Church & Dwight (NYSE:CHD) to $112.00 from $99.00, maintaining a "hold" rating and indicating a potential upside of 8.60%. This follows Church & Dwight's Q4 earnings beat, with EPS at $0.86 against an estimated $0.84, and a 3.9% year-over-year revenue increase. The company also provided FY2026 EPS guidance of $3.71–$3.81.
CHD Analyst Ratings: TD Cowen Raises Price Target to $112 | CHD Stock News
TD Cowen has maintained its "Hold" rating on Church & Dwight Co (CHD) but increased its price target to $112, reflecting a 13.13% raise. This follows a trend of several analysts recently upgrading CHD's ratings and raising price targets, indicating growing optimism. The average analyst price target for CHD is $102.28, with current estimates suggesting a downside of 0.79% from its current price, while GuruFocus estimates a 4.55% upside based on its fair value calculations.
Church & Dwight (CHD) Gets Upgrade from Rothschild & Co Redburn on More Attractive Valuation
Church & Dwight (CHD) received an upgrade from Rothschild & Co Redburn to Neutral from Sell, with a price target increase to $91 from $81. This upgrade is attributed to a more attractive valuation for the stock, as the firm's earlier cautious view, based on expected growth slowdowns, is now considered less relevant. The company also recently reported strong quarterly results, exceeding Wall Street expectations, driven by steady demand for household products and an anticipated gross margin expansion in 2026.
11 Best High Growth Consumer Stocks to Buy Right Now
This article identifies top high-growth consumer stocks, focusing on Church & Dwight Co., Inc. (NYSE:CHD) as an example. It details recent analyst upgrades, price target adjustments, and the company's strong Q4 performance and strategic repositioning for future growth. The article also provides financial metrics and lists other consumer sector companies.
NEOS Investment Management LLC Buys 10,835 Shares of Church & Dwight Co., Inc. $CHD
NEOS Investment Management LLC has increased its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 42.1%, acquiring an additional 10,835 shares to hold a total of 36,561 shares valued at approximately $3.204 million. This move comes as Church & Dwight reported strong Q3 earnings, beating EPS estimates, providing optimistic FY2026 guidance, and raising its quarterly dividend. The article also highlights significant institutional ownership and diverse analyst ratings for the consumer products company.
October 16th Options Now Available For Church & Dwight (CHD)
New options for Church & Dwight Co Inc (CHD) with an October 16th expiration are now available. These new contracts offer potential opportunities for option sellers due to the longer time until expiration, allowing for higher premiums. The article highlights a specific put contract at a $100 strike price and a call contract at a $105 strike price, detailing their potential returns and risks for investors.
Does e.l.f. Beauty’s (ELF) New Director and Buyback Reset Its Capital Allocation Narrative?
e.l.f. Beauty recently appointed Matthew Farrell to its Board of Directors and completed a US$100.53 million share repurchase program. These actions are expected to influence investor perception of e.l.f.'s governance and capital allocation strategies, particularly as the company navigates growth opportunities and potential margin pressures. While management’s recent "beat and raise" quarter and increased guidance for fiscal 2026 sales are positive, the long-term investment narrative still depends on how well the company manages risks like tariffs and supply chain exposure.
First National Bank of Omaha Purchases New Holdings in Church & Dwight Co., Inc. $CHD
First National Bank of Omaha has acquired a new position in Church & Dwight Co., Inc. (NYSE:CHD), purchasing 27,168 shares valued at approximately $2.38 million in the third quarter. This comes as Church & Dwight increased its quarterly dividend to $0.3075 and reported strong Q3 earnings, exceeding analyst estimates. However, a director, Janet S. Vergis, recently sold a significant portion of her shares.
Skandinaviska Enskilda Banken AB publ Has $15.56 Million Stake in Church & Dwight Co., Inc. $CHD
Skandinaviska Enskilda Banken AB publ significantly reduced its stake in Church & Dwight Co., Inc. by 33.1% in the third quarter, now holding 177,606 shares worth approximately $15.56 million. Despite this, Church & Dwight recently reported strong Q3 results, beating EPS expectations, and increased its quarterly dividend. Analysts maintain a "Hold" consensus rating on the stock with an average target price of $101.00.
Aberdeen Group plc Has $20.29 Million Holdings in Church & Dwight Co., Inc. $CHD
Aberdeen Group plc reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 9.8% in Q3, now holding 235,420 shares valued at approximately $20.29 million. Other institutional investors also adjusted their positions, with overall institutional ownership at 86.60%. Church & Dwight reported strong Q3 earnings, beating EPS estimates, increased its quarterly dividend to $0.3075, and received varied analyst ratings with an average "Hold" and price target of $101.00.
Can Digital Retail & E-Commerce Boost Procter & Gamble's Volume?
Digital retail and e-commerce are becoming critical channels for Procter & Gamble (PG) to drive volume growth, as consumer purchasing habits shift online. These platforms allow PG to engage shoppers effectively through targeted content, personalized recommendations, and improved digital shelf execution, leveraging its strong brand equity and data capabilities. Competitors like Church & Dwight (CHD) and Colgate-Palmolive (CL) are also utilizing digital strategies to expand reach, accelerate product trials, and support sustained volume growth, indicating a broader industry trend towards online channels.
Arm & Hammer class action alleges baby detergent falsely advertised as hypoallergenic
A new class action lawsuit has been filed against Church & Dwight Co. Inc., alleging that their Arm & Hammer hypoallergenic baby detergent products are falsely advertised. Plaintiff Davontaya Johnson claims the detergents contain fragrance chemicals that can cause allergic reactions, leading consumers to pay a premium under false pretenses. The lawsuit seeks to represent a California class of consumers and demands various forms of relief.
Inside P&G’s waterless version of Tide detergent
Procter & Gamble is launching Tide evo, a waterless, plastic-free version of its Tide detergent, nationwide after successful testing in Colorado. This new format, concentrated into dissolvable fiber tiles, is the result of over a decade of development and 50 patents. While more expensive per load than liquid Tide or pods, P&G views it as a significant investment that combines the best features of its existing formats and contributes to its sustainability goals, such as reducing water and plastic consumption, though sustainability is not the primary marketing focus.
Allianz Asset Management GmbH Decreases Stake in Church & Dwight Co., Inc. $CHD
Allianz Asset Management GmbH significantly reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 80.6% in the third quarter, now holding 12,478 shares valued at $1.09 million. Despite this, Church & Dwight reported strong Q3 earnings, beating EPS estimates and increasing revenue by 3.9%, while also raising its quarterly dividend. The company maintains an average "Hold" rating from analysts with an average price target of $100.71.
Church & Dwight stock rating upgraded by Rothschild Redburn to Neutral
Rothschild Redburn has upgraded Church & Dwight Co. Inc. (NYSE:CHD) from Sell to Neutral, raising its price target from $81.00 to $91.00. This shift comes after a previously cautious stance, with the firm now becoming more constructive on the company's outlook despite past concerns about slowing growth and share losses in some Power Brands. The upgrade follows Church & Dwight's strong fourth-quarter earnings report, which also led to price target increases from UBS, TD Cowen, and JPMorgan, indicating a mixed but largely positive analyst sentiment.
e.l.f. Beauty Adds Veteran Executive Matthew Farrell to Board
e.l.f. Beauty (ELF) has appointed Matthew Farrell, a veteran consumer-products executive and former CEO of Church & Dwight Co. Inc., to its board of directors. Farrell will bring extensive multi-industry CEO and CFO experience to e.l.f. Beauty, strengthening its governance, financial oversight, and strategic capabilities. TipRanks’ AI Analyst, Spark, assesses ELF as Neutral due to solid fundamentals and upbeat earnings tempered by higher leverage, margin compression, weak technicals, and expensive valuation.
Church & Dwight stock rating upgraded by Rothschild Redburn to Neutral
Rothschild Redburn has upgraded Church & Dwight Co. Inc. (NYSE:CHD) from Sell to Neutral, increasing its price target to $91.00 from $81.00. This shift reflects a more constructive outlook from the firm, which previously held concerns about slowing growth and the company's premium valuation. The upgrade comes amid other analyst adjustments following Church & Dwight's stronger-than-expected Q4 earnings and strategic portfolio changes.
Church & Dwight stock rating upgraded by Rothschild Redburn to Neutral
Rothschild Redburn has upgraded its rating for Church & Dwight Co. Inc. stock from Sell to Neutral, increasing its price target to $91.00 from $81.00. This shift comes after previous concerns about slowing growth and a high price-to-earnings ratio, with the firm now becoming "more constructive" on the company's outlook. Other analysts like UBS, TD Cowen, and JPMorgan have also adjusted their price targets and ratings, reflecting a mixed but generally positive view of Church & Dwight's recent performance and strategic changes.
Illinois Municipal Retirement Fund Boosts Stock Holdings in Church & Dwight Co., Inc. $CHD
The Illinois Municipal Retirement Fund significantly increased its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 9.0% in Q3, now holding 142,376 shares valued at approximately $12.48 million. This move is part of a broader institutional buying trend, with overall institutional ownership reaching 86.6%. Church & Dwight also reported strong Q3 earnings, beating analyst estimates, and increased its quarterly dividend.
Church & Dwight Shares Rise After Rothschild & Co Redburn Upgrade
Church & Dwight shares increased following an upgrade from Rothschild & Co Redburn, which raised its rating to Neutral from Sell and adjusted the price target to $91 from $81. This upgrade is part of a series of recent analyst recommendations, with several firms reiterating or adjusting their price targets for the company. Church & Dwight specializes in consumer products, with 95.2% of its net sales coming from cleaning, hygiene, and personal care products.
CHURCH & DWIGHT CO INC /DE/ SEC 10-K Report
Church & Dwight Co., Inc. released its 2025 10-K report, detailing financial growth with net sales of $6.2 billion and a 27.4% increase in diluted net income per share. The report highlights strategic acquisitions, such as Touchland Holding Corp., and a focus on expanding the Arm & Hammer brand and global oral care. The company also outlines challenges including intense market competition, pricing pressures, and supply chain issues.
Church & Dwight to Present at 2026 CAGNY Conference
Church & Dwight Co., Inc. (NYSE: CHD) announced it will present at the 2026 Consumer Analyst Group of New York (CAGNY) Conference on Wednesday, February 18, 2026, at 8:00 AM EST. The presentation will be broadcast live on the company's website, with a replay available afterward. Church & Dwight, founded in 1846, is a leading U.S. producer of sodium bicarbonate and manufactures a wide range of personal care, household, and specialty products under well-known brand names.
Arm & Hammer and Trojan maker to present at 2026 CAGNY event
Church & Dwight Co., Inc. (NYSE: CHD), known for brands like ARM & HAMMER and TROJAN, announced it will present at the 2026 Consumer Analyst Group of New York (CAGNY) Conference on Wednesday, February 18, 2026, at 8:00 AM EST. The presentation will be broadcast live on the company's website, with a replay available afterward. The company, founded in 1846, is a leading U.S. producer of sodium bicarbonate and a wide range of personal care and household products.
Church & Dwight to Present at 2026 CAGNY Conference
Church & Dwight Co., Inc. (NYSE: CHD) announced it will present at the 2026 Consumer Analyst Group of New York (CAGNY) Conference on Wednesday, February 18, 2026, at 8:00 AM EST. The presentation will be broadcast on the company's website, with a replay available afterward. The company, known for brands like ARM & HAMMER and OXICLEAN, also provided corporate details including 2024 revenues and net income.
Wealthfront Advisers LLC Purchases 10,812 Shares of Church & Dwight Co., Inc. $CHD
Wealthfront Advisers LLC increased its stake in Church & Dwight Co., Inc. by 10.8% during the third quarter, acquiring an additional 10,812 shares, bringing their total ownership to 111,097 shares valued at $9.735 million. This news comes as director Janet S. Vergis sold 12,960 shares, reducing her position by over 43%. Church & Dwight also reported strong Q3 earnings, beating EPS estimates, and raised its quarterly dividend.
P&G Rallies Under New CEO but Lags Rivals, Faces Tariff Challenges
Procter & Gamble (PG) has seen its stock rise 11.65% year-to-date, but this growth lags behind competitors like Clorox, Colgate-Palmolive, and Church & Dwight in the consumer staples sector. The company, under new CEO Shailesh Jejurikar, faces significant challenges including $900 million in tariff headwinds and projected fiscal 2026 organic sales growth of flat to 3%, lower than analyst expectations. Despite its premium valuation and status as a Dividend Aristocrat appealing to income investors, P&G's growth outlook appears questionable due to these pressures and its underperformance compared to peers.
Church & Dwight Co Inc (NYSE:CHD) Shows Bull Flag Setup Ahead of Potential Breakout
Church & Dwight Co Inc (NYSE:CHD) is exhibiting a "bull flag" setup, suggesting a potential price surge according to ChartMill's technical analysis. The stock boasts a high Technical Rating of 8/10, indicating a strong upward trend with rising moving averages and positive near-term momentum. Furthermore, its Setup Quality Rating of 8 indicates a well-defined consolidation phase with clear support, offering a lower-risk entry point for traders.
AI scanners that screen 25,000 people an hour now bound for Asia
Jeffs' Brands, through its subsidiary KeepZone AI, has expanded its strategic distribution agreement with Scanary to include a new Asian territory for its AI-powered security screening product. Scanary's technology can screen up to 25,000 people per hour, detecting threats like guns and explosives in under two seconds, making it suitable for high-traffic areas such as airports, stadiums, and transit hubs. This expansion follows previous agreements covering Canada, Germany, UAE, Spain, Italy, and Israel, as Jeffs' Brands pivots into the global homeland security sector.
Church & Dwight: A Dividend Dynasty Reaches a 30-Year Milestone
Church & Dwight is celebrating its 30th consecutive annual dividend increase with a 4.2% hike to $0.3075 per share, payable on March 2, 2026, for shareholders holding stock before February 13, 2026. The company aims for 3-4% organic sales growth in 2026, driven by innovation and international expansion, while market observers question if its premium valuation and margin improvement goals are feasible. A recent insider sale is considered routine, with focus remaining on the company's execution of growth plans and U.S. sales stability.
Q4 Earnings Roundup: Church & Dwight (NYSE:CHD) And The Rest Of The Household Products Segment
This article analyzes the Q4 earnings reports for several household products companies, with a focus on Church & Dwight (NYSE:CHD). It details their financial performance, comparing revenues and earnings against analyst expectations and highlighting the best and weakest performers in the sector. The article also touches on market reactions and evolving consumer preferences for eco-friendly products.
ProShare Advisors LLC Increases Stock Position in Church & Dwight Co., Inc. $CHD
ProShare Advisors LLC has increased its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 11.1% in the third quarter, bringing its total holdings to 1,767,767 shares valued at approximately $154.9 million. This increase makes ProShare Advisors LLC own about 0.74% of the company. Other institutional investors have also adjusted their positions in CHD, while a company director recently sold a significant portion of her shares.
The Truth About Church & Dwight Co Inc: Is This Everyday Giant Secretly Winning Wall Street?
This article examines Church & Dwight Co Inc (CHD), a consumer goods company with familiar brands like Arm & Hammer and Trojan, to determine its investment potential. It highlights the company's strategy of focusing on everyday essentials with built-in demand and budget-friendly pricing, positioning it as a stable, long-term investment rather than a flashy, high-growth stock. The piece concludes that CHD is a good option for investors seeking stability and reliability in their portfolio, even if it lacks viral appeal.
Church And Dwight 2026 Product Push Tests Growth And Margin Story
Church & Dwight (NYSE:CHD) has announced a significant slate of new product launches planned for 2026 across core brands like THERABREATH, ARM & HAMMER, HERO, and TROJAN, aiming to expand into higher-margin personal care and health-adjacent categories. These launches are expected to account for about half of organic growth in 2026 and will test the company's ability to refresh its portfolio against existing market narratives and competition. Investors will be watching consumer adoption, marketing effectiveness, and overall execution to assess the long-term impact on growth and margins.
The Truth About Church & Dwight Co Inc: Is This Everyday Giant Secretly Winning Wall Street?
This article examines Church & Dwight Co Inc (CHD), a consumer goods company known for brands like Arm & Hammer and Trojan. It discusses how CHD, despite its quiet presence compared to flashier brands, maintains steady demand through essential household products and a budget-friendly price point, offering stable, long-term growth for investors. The piece concludes that CHD is a solid investment for those seeking stability and predictability over high-risk, high-reward stocks.
Church & Dwight Co., Inc. (NYSE:CHD) Will Pay A US$0.3075 Dividend In Four Days
Church & Dwight Co., Inc. (NYSE:CHD) is set to pay a US$0.3075 dividend per share, making its ex-dividend date in four days, on February 13th, with payment on March 2nd. The company's dividend yield is 1.2% and it pays out a modest 39% of earnings and 26% of free cash flow, indicating sustainability. While earnings per share growth has been flat over the past five years, the payout ratios are conservative, suggesting a degree of safety for dividend investors.
Principal Financial Group Inc. Has $29.33 Million Position in Church & Dwight Co., Inc. $CHD
Principal Financial Group Inc. significantly reduced its stake in Church & Dwight Co., Inc. by 58.0% in Q3, now holding 334,672 shares valued at approximately $29.33 million. Despite this, Church & Dwight surpassed quarterly EPS expectations, set optimistic FY2026 guidance, and increased its quarterly dividend. Insider selling by Director Janet S. Vergis also occurred, with institutional investors and hedge funds combined owning 86.60% of the company's stock.
Church & Dwight Stock Walks a Tightrope Between Defensive Safety and Growth Ambition
Church & Dwight (CHD) stock is experiencing choppy trading after a steady climb, as investors weigh its defensive stability against a premium valuation. While the stock has seen solid double-digit gains over the last 90 days and mid-teen returns over the past year, its current price near 52-week highs raises questions about its next growth leg. Wall Street analysts largely maintain "Hold" ratings, suggesting modest upside but affirming CHD's role as a reliable consumer staples holding.
Insider Sell: Janet Vergis Sells 12,960 Shares of Church & Dwigh
Janet Vergis, a Director at Church & Dwight Co Inc (CHD), sold 12,960 shares of the company on February 4, 2026. Following this transaction, she now owns 860 shares. The stock was trading at $101 per share, and with a price-to-GF-Value ratio of 0.95, it is considered fairly valued.
Insider Selling: Church & Dwight (NYSE:CHD) Director Sells 12,960 Shares of Stock
Church & Dwight Director Janet Vergis sold 12,960 shares of company stock for $1.3 million, reducing her stake by 43.11%. This transaction follows the company's strong Q4 earnings, where it beat EPS estimates and reported a 3.9% year-over-year revenue increase, leading to an increased quarterly dividend and positive FY 2026 guidance. Despite the insider selling, analysts maintain a "Hold" consensus rating with an average price target of $99.28 for Church & Dwight.
Church & Dwight Co., Inc. (NYSE:CHD) Receives Average Recommendation of "Hold" from Brokerages
Nineteen analysts covering Church & Dwight Co., Inc. (NYSE:CHD) have given the company an average recommendation of "Hold," with three "sell" ratings, seven "hold" ratings, and nine "buy" ratings, and an average 12-month price target of $99.28. The company recently reported strong Q4 2025 earnings of $0.86 EPS, beating estimates, and raised its quarterly dividend to $0.3075. Church & Dwight's stock trades near $100 with a P/E of approximately 33.3 and has significant institutional ownership.
Argus Adjusts Price Target on Church & Dwight to $112 From $102, Maintains Buy Rating
Argus has increased its price target for Church & Dwight (CHD) to $112 from $102, while reiterating a Buy rating on the stock. This adjustment reflects Argus's continued positive outlook on the consumer products company. The report was published on February 4, 2026, at 02:11 pm EST.
Analysts Offer Insights on Consumer Goods Companies: Church & Dwight (CHD) and Colgate-Palmolive (CL)
Analysts from Evercore ISI and J.P. Morgan have provided fresh insights on consumer goods companies Church & Dwight (CHD) and Colgate-Palmolive (CL). Church & Dwight received a "Hold" rating from Evercore ISI with a $103.00 price target, and a similar upgrade from J.P. Morgan, maintaining a "Moderate Buy" consensus. Colgate-Palmolive was given a "Buy" rating by Evercore ISI with a $100.00 price target, and also upgraded by TipRanks – xAI to "Buy," both contributing to a "Moderate Buy" analyst consensus for the company.
Analysts Offer Insights on Consumer Goods Companies: Church & Dwight (CHD) and Colgate-Palmolive (CL)
Analysts from Evercore ISI, J.P. Morgan, and TipRanks have weighed in on Church & Dwight (CHD) and Colgate-Palmolive (CL), both consumer goods companies. Church & Dwight received a "Hold" rating from Evercore ISI and an upgrade to "Hold" from J.P. Morgan, with a consensus of "Moderate Buy." Colgate-Palmolive maintained a "Buy" rating from Evercore ISI and was upgraded to "Buy" by TipRanks – xAI, also holding a consensus of "Moderate Buy."
Church & Dwight Co., Inc. (CHD): A Bull Case Theory
This article summarizes a bullish thesis on Church & Dwight Co., Inc. (CHD), highlighting its current market mispricing after a significant stock decline, strong free cash flow generation, and mid-single-digit revenue growth. Despite past underperformance due to elevated valuations during the pandemic, CHD's P/E ratio has returned to its historical average, and its smaller size compared to peers like Clorox and Procter & Gamble offers greater operational flexibility and growth potential. The thesis suggests CHD presents an attractive entry point for long-term investors seeking stability and upside.
Church & Dwight Co., Inc. (CHD): A Bull Case Theory
This article summarizes a bullish thesis on Church & Dwight Co., Inc. (CHD), highlighting its current market mispricing after a significant stock decline, strong free cash flow generation, and mid-single-digit revenue growth. Despite past underperformance attributed to elevated pandemic valuations, CHD's P/E ratio has returned to its historical average, making it an attractive entry point for growth and stability. Its smaller size compared to peers like Clorox and P&G offers operational flexibility and potential for faster growth.
Colgate-Palmolive Bets on Omnichannel Demand Generation Enabled by AI
Colgate-Palmolive is implementing a long-term strategy, nine months in, focused on tech-enabled omnichannel demand generation to counter sluggish consumer spending, particularly in the U.S. The company aims to de-silo its operations, integrate e-commerce and brick-and-mortar businesses, and use AI, data, and analytics to deliver personalized messaging, optimize the supply chain, and enhance revenue growth management. This approach seeks to build brand strength, improve efficiency, and adapt to a challenging consumer environment.
A Piece Of The Puzzle Missing From Oil-Dri Corporation of America's (NYSE:ODC) 27% Share Price Climb
Oil-Dri Corporation of America (NYSE: ODC) has seen a significant 27% share price increase over the last month and a 47% rise over the past year. Despite this strong performance and excellent earnings growth (17% last year, 360% over three years), its P/E ratio of 17.7x remains "middle-of-the-road" compared to the market median of 19x. This suggests investors may believe that recent growth is unsustainable or that there are unobserved threats preventing the P/E from fully reflecting its positive earnings trends.
Church & Dwight posts stronger-than-expected 2025 results and outlines 2026 growth plans
Church & Dwight exceeded expectations for its fourth-quarter and full-year 2025 results, with net sales reaching US$6.2 billion and adjusted EPS increasing by 2.6%. The company attributes this success to portfolio reshaping, innovation, and strong cash generation, including the divesture of its Vitafusion and L’il Critters vitamin brands. Looking ahead to 2026, Church & Dwight forecasts continued growth in organic sales and adjusted EPS, along with margin expansion and ongoing innovation across its product categories.
Church & Dwight Co (CHD): Morgan Stanley Raises Price Target to $105 | CHD Stock News
Morgan Stanley has raised its price target for Church & Dwight Co (CHD) to $105 while maintaining an "Equal-Weight" rating. This update comes amidst various analyst adjustments, with the average target price from 19 analysts being $98.01, indicating a slight upside from the current price. Church & Dwight is a leading producer of baking soda with a wide-ranging portfolio of household brands.
