Energizer (NYSE:ENR) Hits New 1-Year Low - Here's Why

Shares of Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $26.87 and last traded at $27.02, with a volume of 627833 shares traded. The stock had previously closed at $28.42.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com downgraded Energizer from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Royal Bank of Canada restated a "sector perform" rating and issued a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. UBS Group reduced their price target on shares of Energizer from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Barclays lowered their price objective on shares of Energizer from $32.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Energizer currently has a consensus rating of "Hold" and an average target price of $36.25.

Energizer Price Performance

The firm has a market cap of $1.92 billion, a P/E ratio of 33.66 and a beta of 0.92. The business's fifty day simple moving average is $29.93 and its 200-day simple moving average is $32.94. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. The company had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. As a group, analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.51%. The ex-dividend date was Thursday, February 20th. Energizer's payout ratio is 151.90%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company's stock worth $27,000 after acquiring an additional 356 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Energizer in the third quarter worth approximately $30,000. Public Employees Retirement System of Ohio bought a new position in Energizer during the fourth quarter valued at approximately $43,000. Curat Global LLC purchased a new position in shares of Energizer during the first quarter worth approximately $53,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Energizer by 94.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock valued at $54,000 after purchasing an additional 753 shares during the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

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.