Energizer (NYSE:ENR) Shares Down 4.7% - What's Next?

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report)'s stock price was down 4.7% during mid-day trading on Monday . The company traded as low as $22.31 and last traded at $22.21. Approximately 730,815 shares changed hands during trading, an increase of 10% from the average daily volume of 666,389 shares. The stock had previously closed at $23.29.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays lifted their price objective on Energizer from $25.00 to $26.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. Wall Street Zen downgraded Energizer from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. 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 research report on Friday, April 11th. UBS Group decreased their target price on shares of Energizer from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Canaccord Genuity Group dropped their target price on shares of Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $31.63.

Energizer Stock Performance

The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 28.39 and a beta of 0.77. 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's 50-day moving average is $25.17 and its 200-day moving average is $30.79.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings data 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). Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm had revenue of $662.90 million for the quarter, compared to analyst estimates of $670.85 million. During the same period last year, the business earned $0.72 EPS. The company's revenue was down .1% compared to the same quarter last year. On average, analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a $0.30 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 5.35%. Energizer's dividend payout ratio (DPR) is presently 164.38%.

Insiders Place Their Bets

In related news, CEO Mark Stephen Lavigne acquired 4,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $21.67 per share, with a total value of $86,680.00. Following the completion of the purchase, 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Donal L. Mulligan bought 10,000 shares of Energizer stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average price of $23.66 per share, for a total transaction of $236,600.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at $236,600. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 25,000 shares of company stock valued at $578,140 in the last ninety days. 0.98% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ENR. Vanguard Group Inc. raised its stake in Energizer by 1.8% during the first quarter. Vanguard Group Inc. now owns 9,421,993 shares of the company's stock worth $281,906,000 after buying an additional 170,017 shares during the last quarter. Clarkston Capital Partners LLC raised its position in shares of Energizer by 3.2% in the 1st quarter. Clarkston Capital Partners LLC now owns 4,205,935 shares of the company's stock worth $125,842,000 after acquiring an additional 128,730 shares in the last quarter. LSV Asset Management grew its stake in Energizer by 28.4% during the first quarter. LSV Asset Management now owns 2,327,824 shares of the company's stock worth $69,648,000 after purchasing an additional 515,124 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in Energizer by 58.8% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,094,195 shares of the company's stock worth $62,658,000 after purchasing an additional 775,221 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in 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 buying an additional 26,454 shares during the period. 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.