Energizer Holdings, Inc. (NYSE:ENR) CEO Acquires $86,680.00 in Stock

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) CEO Mark Stephen Lavigne acquired 4,000 shares of the stock in a transaction on Friday, May 9th. The shares were acquired at an average price of $21.67 per share, with a total value of $86,680.00. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Energizer Price Performance

Shares of ENR stock opened at $21.54 on Monday. The stock has a 50 day moving average price of $27.82 and a 200 day moving average price of $32.11. Energizer Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $39.52. 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 firm has a market capitalization of $1.56 billion, a P/E ratio of 27.27 and a beta of 0.77.

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

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 5.57%. Energizer's payout ratio is 164.38%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ENR. Barclays decreased their target price on shares of Energizer from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday. Truist Financial reduced their price objective on Energizer from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday. StockNews.com downgraded Energizer from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their target price on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $38.00 target price on shares of Energizer in a research report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $31.50.

Hedge Funds Weigh In On Energizer

A number of hedge funds have recently added to or reduced their stakes in ENR. Barclays PLC boosted its holdings in shares of Energizer by 100.9% in the third quarter. Barclays PLC now owns 139,890 shares of the company's stock valued at $4,443,000 after purchasing an additional 70,254 shares during the period. Tidal Investments LLC raised its position in Energizer by 48.9% during the 3rd quarter. Tidal Investments LLC now owns 13,659 shares of the company's stock valued at $434,000 after purchasing an additional 4,487 shares in the last quarter. Principal Financial Group Inc. raised its position in Energizer by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 861,755 shares of the company's stock valued at $27,369,000 after purchasing an additional 37,713 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Energizer by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company's stock worth $27,000 after buying an additional 356 shares during the period. Finally, Ritholtz Wealth Management bought a new position in shares of Energizer during the 4th quarter worth $306,000. 93.74% of the stock is currently owned by institutional investors.

Energizer Company Profile

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.

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