Brokerages Set Energizer Holdings, Inc. (NYSE:ENR) PT at $31.63

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) has received a consensus rating of "Hold" from the eight research firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $31.38.

ENR has been the subject of a number of recent research reports. Barclays lowered their target price on Energizer from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Tuesday. UBS Group decreased 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. JPMorgan Chase & Co. reduced their price objective on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Canaccord Genuity Group cut their target price on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research note on Wednesday, May 7th. Finally, Truist Financial dropped 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, May 8th.

Energizer Price Performance

Shares of Energizer stock traded up $0.23 during trading on Friday, reaching $21.82. The company's stock had a trading volume of 835,474 shares, compared to its average volume of 743,344. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 23.56. Energizer has a 12-month low of $19.70 and a 12-month high of $39.52. The company has a market capitalization of $1.57 billion, a P/E ratio of 29.88 and a beta of 0.63. The business has a 50 day moving average price of $21.92 and a 200-day moving average price of $27.64.

Energizer (NYSE:ENR - Get Free Report) last issued its quarterly earnings data 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). Energizer had a net margin of 1.87% and a return on equity of 184.22%. The company had revenue of $662.90 million during the quarter, compared to analysts' expectations of $670.85 million. During the same quarter in the prior year, the company earned $0.72 earnings per share. The firm's revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Energizer will post 3.58 EPS for the current year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 5.50%. Energizer's dividend payout ratio is currently 164.38%.

Insider Buying and Selling

In other Energizer news, CEO Mark Stephen Lavigne bought 4,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $21.67 per share, with a total value of $86,680.00. Following the purchase, the chief executive officer owned 277,645 shares in the company, valued at $6,016,567.15. This trade represents a 1.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donal L. Mulligan bought 10,000 shares of the stock in a transaction on Monday, May 19th. The shares were purchased at an average price of $23.66 per share, with a total value of $236,600.00. Following the acquisition, the director owned 10,000 shares in the company, valued at approximately $236,600. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 25,000 shares of company stock worth $578,140 in the last three months. Insiders own 0.98% of the company's stock.

Hedge Funds Weigh In On Energizer

Several hedge funds have recently modified their holdings of ENR. Principal Financial Group Inc. lifted its position in Energizer by 1.5% during the first quarter. Principal Financial Group Inc. now owns 907,826 shares of the company's stock worth $27,162,000 after acquiring an additional 13,453 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Energizer by 17.7% in the fourth quarter. Nuveen Asset Management LLC now owns 303,549 shares of the company's stock valued at $10,591,000 after buying an additional 45,638 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Energizer in the fourth quarter valued at approximately $4,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Energizer by 18.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,876 shares of the company's stock valued at $5,718,000 after buying an additional 25,105 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Energizer by 2,354.4% in the first quarter. GAMMA Investing LLC now owns 18,850 shares of the company's stock valued at $564,000 after buying an additional 18,082 shares during the period. Institutional investors own 93.74% of the company's stock.

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.