Maverick Capital Ltd. Invests $698,000 in Energizer Holdings, Inc. $ENR

Key Points

• Maverick Capital Ltd. acquired a new position in Energizer Holdings, purchasing 23,333 shares valued at approximately $698,000 in the first quarter, as reported in its Form 13F filing.
• Energizer's recent earnings report showed $1.13 earnings per share, significantly exceeding the consensus estimate of $0.61, along with a revenue increase of 3.4% year-over-year.
• The company announced a quarterly dividend of $0.30 per share, representing a 4.4% yield, with the payment scheduled for September 10th.

Maverick Capital Ltd. purchased a new position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 23,333 shares of the company's stock, valued at approximately $698,000.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Energizer by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 9,421,993 shares of the company's stock valued at $281,906,000 after buying an additional 170,017 shares during the last quarter. Clarkston Capital Partners LLC grew 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 during the last quarter. LSV Asset Management grew its holdings in Energizer by 28.4% during 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 last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Energizer by 58.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,094,195 shares of the company's stock valued at $62,658,000 after buying an additional 775,221 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in Energizer by 1.9% during the 1st 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 last quarter. Hedge funds and other institutional investors own 93.74% of the company's stock.

Analyst Ratings Changes

ENR has been the topic of a number of recent analyst reports. Truist Financial increased their price target on Energizer from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. increased their target price on Energizer from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Canaccord Genuity Group cut their target price on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research report on Wednesday, May 7th. UBS Group reaffirmed a "neutral" rating and issued a $29.00 target price (up from $23.00) on shares of Energizer in a research report on Tuesday, August 5th. Finally, Wall Street Zen raised Energizer from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.43.

Energizer Stock Up 0.9%

Shares of Energizer stock traded up $0.27 during trading hours on Thursday, hitting $28.66. 647,902 shares of the company's stock traded hands, compared to its average volume of 761,547. The stock has a 50 day simple moving average of $25.20 and a 200-day simple moving average of $25.79. The company has a quick ratio of 0.84, a current ratio of 1.78 and a debt-to-equity ratio of 17.57. The company has a market cap of $1.96 billion, a PE ratio of 8.26 and a beta of 0.69. Energizer Holdings, Inc. has a twelve month low of $19.70 and a twelve month high of $39.51.

Energizer (NYSE:ENR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.52. The company had revenue of $725.30 million during the quarter, compared to the consensus estimate of $692.67 million. Energizer had a return on equity of 181.90% and a net margin of 8.60%.The company's revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share. Energizer has set its Q4 2025 guidance at 1.050-1.150 EPS. FY 2025 guidance at 3.550-3.650 EPS. Equities research analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Thursday, August 21st. Energizer's payout ratio is presently 34.58%.

Energizer 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.