Energizer (NYSE:ENR) Reaches New 52-Week Low at $27.55

Shares of Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $27.55 and last traded at $27.69, with a volume of 97317 shares. The stock had previously closed at $28.01.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com cut shares of Energizer from a "buy" rating to a "hold" rating in a research note on Wednesday, February 7th. Barclays lifted their target price on shares of Energizer from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $35.67.

Energizer Stock Performance

The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 21.59 and a beta of 1.06. The stock's 50 day moving average price is $29.50 and its 200 day moving average price is $31.00. The company has a current ratio of 2.03, a quick ratio of 1.15 and a debt-to-equity ratio of 19.36.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The firm had revenue of $716.60 million for the quarter, compared to analysts' expectations of $710.73 million. During the same period in the prior year, the firm earned $0.72 EPS. The business's revenue was down 6.3% on a year-over-year basis. Analysts expect that Energizer Holdings, Inc. will post 3.2 earnings per share for the current year.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Wednesday, February 21st were paid a $0.30 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.31%. Energizer's dividend payout ratio (DPR) is 93.02%.

Institutional Trading of Energizer

A number of hedge funds have recently added to or reduced their stakes in ENR. Quadrature Capital Ltd bought a new position in Energizer during the fourth quarter worth $476,000. Vanguard Group Inc. increased its stake in Energizer by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company's stock valued at $297,115,000 after purchasing an additional 79,940 shares in the last quarter. Wellington Management Group LLP increased its stake in Energizer by 16.1% in the fourth quarter. Wellington Management Group LLP now owns 211,615 shares of the company's stock valued at $6,704,000 after purchasing an additional 29,383 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Energizer by 3.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 44,532 shares of the company's stock valued at $1,411,000 after purchasing an additional 1,581 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Energizer in the fourth quarter valued at $327,000. 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.