Point72 Hong Kong Ltd Invests $824,000 in Energizer Holdings, Inc. (NYSE:ENR)

Point72 Hong Kong Ltd acquired a new position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 23,624 shares of the company's stock, valued at approximately $824,000.

Several other large investors also recently modified their holdings of the business. Smartleaf Asset Management LLC increased its position in shares of Energizer by 94.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock worth $54,000 after purchasing an additional 753 shares during the last quarter. Russell Investments Group Ltd. increased its position in Energizer by 21.6% in the fourth quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company's stock worth $71,000 after buying an additional 360 shares during the period. R Squared Ltd bought a new stake in Energizer in the 4th quarter valued at about $82,000. Hager Investment Management Services LLC acquired a new position in shares of Energizer during the fourth quarter worth approximately $102,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Energizer in the 4th quarter valued at approximately $112,000. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Energizer

In related news, CEO Mark Stephen Lavigne acquired 4,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $21.67 per share, for a total transaction of $86,680.00. Following the completion of the purchase, the chief executive officer now directly owns 277,645 shares of the company's stock, valued at $6,016,567.15. The trade was a 1.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick J. Moore purchased 10,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average cost of $23.10 per share, with a total value of $231,000.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at $346,500. The trade was a 200.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 15,000 shares of company stock valued at $341,540. 0.98% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ENR has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Barclays lifted their price target on Energizer from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Friday. Royal Bank of Canada restated a "sector perform" rating and issued a $38.00 target price on shares of Energizer in a report on Thursday, January 30th. Truist Financial lowered their target price on Energizer from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Canaccord Genuity Group cut their target price on shares of Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Energizer currently has an average rating of "Hold" and an average target price of $31.63.

Energizer Stock Down 0.2%

Shares of NYSE ENR traded down $0.04 during mid-day trading on Monday, reaching $23.85. 890,852 shares of the company traded hands, compared to its average volume of 654,939. Energizer Holdings, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $39.52. The stock has a market cap of $1.72 billion, a PE ratio of 30.19 and a beta of 0.77. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. The company's fifty day moving average is $26.99 and its two-hundred day moving average is $31.73.

Energizer (NYSE:ENR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). Energizer had a net margin of 2.02% and a return on equity of 168.16%. The business had revenue of $662.90 million for the quarter, compared to the consensus estimate of $670.85 million. During the same quarter in the previous year, the company earned $0.72 EPS. Energizer's revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Wednesday, May 21st. Energizer's payout ratio is presently 164.38%.

About Energizer

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.