Energizer (NYSE:ENR) Sets New 1-Year Low - Here's What Happened

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ENR shares. Wall Street Zen downgraded shares of Energizer from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Canaccord Genuity Group reduced their price objective on shares of Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research note on Wednesday, May 7th. UBS Group reduced their price objective on shares of Energizer from $28.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Truist Financial reduced their price objective on shares of Energizer from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Barclays upped their price objective on shares of Energizer from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Friday, May 16th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $31.63.

Energizer Stock Performance

The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The company has a market cap of $1.62 billion, a PE ratio of 28.47 and a beta of 0.77. The stock's 50 day simple moving average is $25.32 and its two-hundred day simple moving average is $30.88.

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

Energizer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date of this dividend is Wednesday, May 21st. Energizer's dividend payout ratio is presently 164.38%.

Insider Activity

In other news, Director Donal L. Mulligan purchased 10,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average cost of $23.66 per share, with a total value of $236,600.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $236,600. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Stephen Lavigne purchased 4,000 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average cost of $21.67 per share, with a total value of $86,680.00. Following the completion of the acquisition, the chief executive officer now owns 277,645 shares in the company, valued at approximately $6,016,567.15. This represents a 1.46% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 25,000 shares of company stock valued at $578,140. Company insiders own 0.98% of the company's stock.

Institutional Investors Weigh In On Energizer

Large investors have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC grew its holdings in Energizer by 17.7% during the 4th quarter. Nuveen Asset Management LLC now owns 303,549 shares of the company's stock valued at $10,591,000 after purchasing an additional 45,638 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Energizer during the 4th quarter valued at $4,701,000. Bank of New York Mellon Corp grew its holdings in Energizer by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company's stock worth $35,695,000 after acquiring an additional 80,163 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Energizer by 48.9% during the 4th quarter. Deutsche Bank AG now owns 67,460 shares of the company's stock worth $2,354,000 after acquiring an additional 22,145 shares in the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

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.