Energizer (NYSE:ENR) Trading Down 4.7% - Here's What Happened

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report)'s share price was down 4.7% during mid-day trading on Monday . The stock traded as low as $22.31 and last traded at $22.21. Approximately 730,815 shares traded 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 recently commented on the stock. Wall Street Zen downgraded shares of Energizer from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. 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. Canaccord Genuity Group lowered their target price on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a report on Wednesday, May 7th. UBS Group cut their price target on Energizer from $28.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their price target 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 issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $31.63.

Energizer Trading Down 1.9%

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 $1.59 billion, a price-to-earnings ratio of 27.90 and a beta of 0.77. The firm has a 50 day moving average price of $25.32 and a two-hundred day moving average price of $30.88.

Energizer (NYSE:ENR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates 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 business posted $0.72 earnings per share. The business's revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.44%. The ex-dividend date is Wednesday, May 21st. Energizer's dividend payout ratio (DPR) is currently 164.38%.

Insider Buying and Selling

In other news, Director Donal L. Mulligan acquired 10,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was purchased 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 in the company, valued at $236,600. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mark Stephen Lavigne purchased 4,000 shares of Energizer 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 transaction, the chief executive officer now owns 277,645 shares in the company, valued at $6,016,567.15. This trade represents a 1.46% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 25,000 shares of company stock valued at $578,140. 0.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On Energizer

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC grew its stake in shares of Energizer by 100.9% in the 3rd quarter. Barclays PLC now owns 139,890 shares of the company's stock worth $4,443,000 after acquiring an additional 70,254 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Energizer in the fourth quarter valued at $102,000. Principal Financial Group Inc. raised its stake in shares of Energizer by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 894,373 shares of the company's stock valued at $31,204,000 after buying an additional 32,618 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Energizer by 4.2% during the 4th quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company's stock valued at $335,000 after buying an additional 392 shares during the last quarter. Finally, Ieq Capital LLC bought a new position in shares of Energizer during the 4th quarter worth $212,000. 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.