Energizer Holdings, Inc. (NYSE:ENR) Given Average Rating of "Hold" by Brokerages

Shares of Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) have received a consensus rating of "Hold" from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $31.63.

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group decreased their target price on shares of Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. Truist Financial decreased their price objective on Energizer from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Barclays increased their price target on Energizer from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, May 16th. UBS Group cut their target price on Energizer from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their price target on Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th.

Energizer Stock Performance

Shares of Energizer stock opened at $20.50 on Wednesday. The company has a debt-to-equity ratio of 23.56, a current ratio of 1.86 and a quick ratio of 0.86. Energizer has a fifty-two week low of $20.40 and a fifty-two week high of $39.52. The firm has a market cap of $1.48 billion, a P/E ratio of 28.08 and a beta of 0.68. The firm has a 50 day simple moving average of $24.14 and a 200 day simple moving average of $29.82.

Energizer (NYSE:ENR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $662.90 million for the quarter, compared to analyst estimates of $670.85 million. Energizer had a return on equity of 184.22% and a net margin of 1.87%. Energizer's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Sell-side analysts predict that Energizer will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend was Wednesday, May 21st. Energizer's payout ratio is 164.38%.

Insider Transactions at Energizer

In other news, CEO Mark Stephen Lavigne bought 4,000 shares of the stock in a transaction on Friday, May 9th. The stock was acquired at an average price of $21.67 per share, with a total value of $86,680.00. Following the acquisition, the chief executive officer now directly owns 277,645 shares in the company, valued at approximately $6,016,567.15. This trade represents a 1.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donal L. Mulligan bought 10,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was purchased at an average price of $23.66 per share, with a total value of $236,600.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company's stock, valued at approximately $236,600. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 25,000 shares of company stock valued at $578,140. 0.98% of the stock is currently owned by insiders.

Institutional Trading of Energizer

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in Energizer by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 894,373 shares of the company's stock worth $31,204,000 after buying an additional 32,618 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Energizer by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company's stock worth $335,000 after purchasing an additional 392 shares during the period. Ieq Capital LLC bought a new stake in shares of Energizer in the fourth quarter worth $212,000. Bank of New York Mellon Corp grew its stake in shares of Energizer by 8.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company's stock worth $35,695,000 after purchasing an additional 80,163 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Energizer in the fourth quarter valued at $411,000. 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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