38,556 Shares in Energizer Holdings, Inc. (NYSE:ENR) Purchased by Neo Ivy Capital Management

Key Points

• Neo Ivy Capital Management has acquired a new stake in Energizer Holdings, buying 38,556 shares valued at approximately $1,154,000, increasing its ownership to 0.05% of the company.
• Multiple analysts have downgraded their price targets for Energizer, with Canaccord Genuity reducing its target from $31.00 to $27.00, and Barclays from $26.00 to $24.00, indicating a shift in market outlook.
• Energizer announced a quarterly dividend of $0.30 per share, yielding 4.95%, despite a payout ratio of 164.38%, suggesting that the company is returning capital to shareholders amidst earnings challenges.

Neo Ivy Capital Management acquired a new stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 38,556 shares of the company's stock, valued at approximately $1,154,000. Neo Ivy Capital Management owned about 0.05% of Energizer at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CX Institutional acquired a new position in Energizer in the first quarter valued at approximately $33,000. Public Employees Retirement System of Ohio purchased a new position in shares of Energizer during the 4th quarter valued at approximately $43,000. Curat Global LLC acquired a new position in shares of Energizer in the 1st quarter valued at $53,000. Russell Investments Group Ltd. lifted its stake in shares of Energizer by 21.6% in the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company's stock valued at $71,000 after purchasing an additional 360 shares during the period. Finally, Central Pacific Bank Trust Division boosted its holdings in Energizer by 29.4% during the first quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company's stock worth $66,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company's stock.

Energizer Price Performance

Shares of Energizer stock traded down $0.38 during mid-day trading on Wednesday, reaching $23.10. 105,316 shares of the stock traded hands, compared to its average volume of 847,575. The stock has a market capitalization of $1.67 billion, a PE ratio of 31.64 and a beta of 0.63. The business has a 50-day moving average of $22.01 and a 200 day moving average of $26.83. Energizer Holdings, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $39.51. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 23.56.

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

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Thursday, August 21st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Thursday, August 21st. Energizer's dividend payout ratio is currently 164.38%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ENR. JPMorgan Chase & Co. lifted their price objective on shares of Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Barclays cut their price target on Energizer from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 15th. Truist Financial reduced 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. Canaccord Genuity Group dropped their price objective on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. Finally, UBS Group cut their price objective on Energizer from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Energizer currently has an average rating of "Hold" and an average target price of $30.75.

Insider Buying and Selling

In other Energizer news, Director Donal L. Mulligan acquired 10,000 shares of the business's stock in a transaction 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 acquisition, the director owned 10,000 shares in the company, valued at approximately $236,600. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Stephen Lavigne bought 4,000 shares of the stock in a transaction dated Friday, May 9th. The shares were bought at an average price of $21.67 per share, for a total transaction of $86,680.00. Following the completion of the acquisition, the chief executive officer owned 277,645 shares in the company, valued at approximately $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. Over the last three months, insiders have acquired 25,000 shares of company stock worth $578,140. 0.98% of the stock is owned by insiders.

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.