Energizer (NYSE:ENR) Given New $32.00 Price Target at Barclays

Energizer (NYSE:ENR - Free Report) had its price target cut by Barclays from $36.00 to $32.00 in a research report report published on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Separately, StockNews.com lowered Energizer from a buy rating to a hold rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Energizer currently has a consensus rating of Hold and a consensus target price of $35.00.

Energizer Stock Down 0.4 %

NYSE ENR traded down $0.12 on Friday, hitting $27.43. 440,284 shares of the stock traded hands, compared to its average volume of 504,136. The company has a market capitalization of $1.97 billion, a P/E ratio of 21.26 and a beta of 1.06. The stock has a 50-day moving average of $29.07 and a 200 day moving average of $30.81. 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 has a twelve month low of $27.31 and a twelve month high of $37.32.

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

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Wednesday, February 21st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.37%. The ex-dividend date was Tuesday, February 20th. Energizer's payout ratio is currently 93.02%.

Hedge Funds Weigh In On Energizer

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Energizer by 0.9% during the 4th 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 during the period. BlackRock Inc. lifted its stake in Energizer by 2.7% during the second quarter. BlackRock Inc. now owns 7,826,006 shares of the company's stock valued at $262,797,000 after purchasing an additional 203,193 shares during the last quarter. FMR LLC increased its holdings in shares of Energizer by 28.2% in the third quarter. FMR LLC now owns 6,860,185 shares of the company's stock valued at $219,800,000 after buying an additional 1,508,081 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Energizer by 1.5% during the 2nd quarter. State Street Corp now owns 2,388,653 shares of the company's stock worth $80,211,000 after acquiring an additional 35,710 shares in the last quarter. 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.