Energizer (NYSE:ENR) Reaches New 52-Week Low - What's Next?

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report)'s stock price hit a new 52-week low on Thursday . The company traded as low as $19.97 and last traded at $20.00, with a volume of 1193970 shares traded. The stock had previously closed at $20.49.

Analyst Ratings Changes

Several research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Barclays raised their price objective on shares of Energizer from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Friday, May 16th. UBS Group cut their price target on 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 cut their price target on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a report on Wednesday, May 7th. Finally, Truist Financial cut their price target on Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Energizer currently has an average rating of "Hold" and a consensus target price of $31.63.

Energizer Stock Performance

The company's fifty day simple moving average is $23.74 and its 200 day simple moving average is $29.42. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 23.56. The stock has a market capitalization of $1.43 billion, a P/E ratio of 27.16 and a beta of 0.68.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). The business had revenue of $662.90 million for the quarter, compared to the consensus estimate of $670.85 million. Energizer had a net margin of 1.87% and a return on equity of 184.22%. Energizer's quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. As a group, sell-side analysts forecast that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date of this dividend was Wednesday, May 21st. Energizer's dividend payout ratio is currently 164.38%.

Insider Transactions at Energizer

In other news, Director Patrick J. Moore acquired 10,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was purchased at an average cost of $23.10 per share, for a total transaction of $231,000.00. Following the acquisition, the director now owns 15,000 shares of the company's stock, valued at $346,500. This trade represents a 200.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Stephen Lavigne bought 4,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 277,645 shares in the company, valued at $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. In the last ninety days, insiders purchased 25,000 shares of company stock valued at $578,140. Insiders own 0.98% of the company's stock.

Institutional Investors Weigh In On Energizer

A number of hedge funds have recently made changes to their positions in the business. Nuveen Asset Management LLC lifted its stake in shares of Energizer by 17.7% in the 4th quarter. Nuveen Asset Management LLC now owns 303,549 shares of the company's stock valued at $10,591,000 after acquiring an additional 45,638 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Energizer in the fourth quarter valued at approximately $4,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Energizer by 18.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,876 shares of the company's stock valued at $5,718,000 after purchasing an additional 25,105 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Energizer by 94.0% in the fourth 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. Finally, GAMMA Investing LLC lifted its position in Energizer by 2,354.4% in the first quarter. GAMMA Investing LLC now owns 18,850 shares of the company's stock valued at $564,000 after purchasing an additional 18,082 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors.

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.