Energizer (NYSE:ENR) Reaches New 12-Month Low - Here's What Happened

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $21.41 and last traded at $21.93, with a volume of 111030 shares. The stock had previously closed at $21.83.

Analyst Upgrades and Downgrades

ENR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. UBS Group lowered their price target on Energizer from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Canaccord Genuity Group lowered their price target on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. Barclays boosted their price target on Energizer from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Friday, May 16th. Finally, Wall Street Zen cut Energizer from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Energizer currently has a consensus rating of "Hold" and an average price target of $31.63.

Energizer Trading Up 1.7%

The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The stock has a 50 day simple moving average of $25.02 and a 200-day simple moving average of $30.69. The firm has a market cap of $1.62 billion, a P/E ratio of 28.39 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 the consensus estimate of $0.68 by ($0.01). The company had revenue of $662.90 million for the quarter, compared to the consensus estimate of $670.85 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. On average, equities research analysts expect that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend is Wednesday, May 21st. Energizer's dividend payout ratio is currently 164.38%.

Insider Activity

In other Energizer news, CEO Mark Stephen Lavigne acquired 4,000 shares of the business's stock in a transaction on Friday, May 9th. The shares were bought 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 position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Donal L. Mulligan acquired 10,000 shares of the business's stock in a transaction on Monday, May 19th. The stock was acquired at an average cost of $23.66 per share, for a total transaction of $236,600.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $236,600. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 25,000 shares of company stock valued at $578,140. 0.98% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Energizer

Hedge funds have recently bought and sold shares of the business. CX Institutional bought a new position in Energizer in the 1st quarter valued at $33,000. Caitong International Asset Management Co. Ltd grew its position in Energizer by 108.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company's stock valued at $33,000 after acquiring an additional 579 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Energizer in the 4th quarter valued at $43,000. Curat Global LLC bought a new position in Energizer in the 1st quarter valued at $53,000. Finally, Smartleaf Asset Management LLC grew its position in Energizer by 94.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock valued at $54,000 after acquiring an additional 753 shares during the last quarter. 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.