Energizer (NYSE:ENR) Reaches New 1-Year Low - What's Next?

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $21.32 and last traded at $21.35, with a volume of 107888 shares changing hands. The stock had previously closed at $21.61.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ENR shares. UBS Group decreased their price target on shares of Energizer from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Canaccord Genuity Group reduced their target price on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. Barclays increased 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. Truist Financial cut 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. Finally, JPMorgan Chase & Co. lowered their target price on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Energizer presently has a consensus rating of "Hold" and a consensus price target of $31.63.

Energizer Trading Up 1.0%

The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 26.49 and a beta of 0.68. The business has a 50-day simple moving average of $24.38 and a two-hundred day simple moving average of $30.01. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80.

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

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 21st. This represents a $1.20 annualized dividend and a yield of 5.73%. Energizer's dividend payout ratio (DPR) is presently 164.38%.

Insider Buying and Selling at Energizer

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

Hedge Funds Weigh In On Energizer

A number of institutional investors have recently bought and sold shares of the business. CX Institutional bought a new position in shares of Energizer during the 1st quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd raised its stake 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 period. Public Employees Retirement System of Ohio acquired a new stake in Energizer during the 4th quarter valued at $43,000. Curat Global LLC bought a new position in Energizer during the first quarter worth $53,000. Finally, Smartleaf Asset Management LLC boosted its position in Energizer by 94.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock worth $54,000 after purchasing an additional 753 shares during the period. Institutional investors and hedge funds own 93.74% of the company's stock.

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.