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

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

Analysts Set New Price Targets

ENR has been the topic of a number of research analyst reports. UBS Group cut their price target on shares of Energizer from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Barclays raised their target price on Energizer from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Friday, May 16th. Canaccord Genuity Group cut 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. Truist Financial decreased their price objective on Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. cut their target price on Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Energizer has a consensus rating of "Hold" and a consensus price target of $31.63.

Energizer Price Performance

The stock has a market capitalization of $1.52 billion, a P/E ratio of 26.67 and a beta of 0.68. The firm has a 50-day moving average price of $24.38 and a 200 day moving average price 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 released 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 net margin of 2.02% and a return on equity of 168.16%. The business had revenue of $662.90 million for the quarter, compared to the consensus estimate of $670.85 million. During the same period in the prior year, the business posted $0.72 EPS. Energizer's revenue for the quarter was down .1% on a year-over-year basis. On average, analysts expect that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given 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 5.70%. Energizer's dividend payout ratio is 164.38%.

Insider Buying and Selling

In other news, Director Patrick J. Moore purchased 10,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average cost of $23.10 per share, with a total value of $231,000.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at approximately $346,500. This represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available 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 stock was acquired at an average cost of $21.67 per share, with a total value of $86,680.00. Following the acquisition, the chief executive officer now owns 277,645 shares in the company, valued at $6,016,567.15. The trade was a 1.46% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 25,000 shares of company stock worth $578,140 in the last 90 days. Insiders own 0.98% of the company's stock.

Institutional Investors Weigh In On Energizer

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Energizer by 1.8% in the first quarter. Vanguard Group Inc. now owns 9,421,993 shares of the company's stock worth $281,906,000 after purchasing an additional 170,017 shares during the period. Clarkston Capital Partners LLC lifted its holdings in Energizer by 3.2% during the 1st quarter. Clarkston Capital Partners LLC now owns 4,205,935 shares of the company's stock valued at $125,842,000 after buying an additional 128,730 shares in the last quarter. LSV Asset Management boosted its position in Energizer by 28.4% in the 1st quarter. LSV Asset Management now owns 2,327,824 shares of the company's stock valued at $69,648,000 after buying an additional 515,124 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in Energizer by 58.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,094,195 shares of the company's stock worth $62,658,000 after acquiring an additional 775,221 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Energizer by 1.9% in the first quarter. Gamco Investors INC. ET AL now owns 1,407,793 shares of the company's stock valued at $42,121,000 after purchasing an additional 26,454 shares during the period. 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.