Victory Capital Management Inc. Has $11.01 Million Stock Position in Energizer Holdings, Inc. (NYSE:ENR)

Victory Capital Management Inc. raised its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 192.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 372,697 shares of the company’s stock after purchasing an additional 245,285 shares during the quarter. Victory Capital Management Inc. owned 0.52% of Energizer worth $11,009,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in Energizer by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 837,004 shares of the company’s stock valued at $26,516,000 after buying an additional 29,452 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Energizer in the 4th quarter valued at approximately $249,000. Quadrant Capital Group LLC increased its position in Energizer by 35.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock valued at $118,000 after acquiring an additional 987 shares during the period. Great Lakes Advisors LLC bought a new position in shares of Energizer during the fourth quarter valued at $3,629,000. Finally, Norges Bank acquired a new position in shares of Energizer during the fourth quarter worth $16,559,000. Institutional investors own 93.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ENR. Evercore ISI cut their target price on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Barclays boosted their price target on shares of Energizer from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Truist Financial upgraded shares of Energizer from a “hold” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $40.00 in a research report on Tuesday, August 27th. Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Energizer from $28.00 to $29.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $34.38.

Energizer Price Performance

Shares of NYSE:ENR opened at $29.08 on Friday. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $36.72. The stock’s 50 day moving average is $30.27 and its 200-day moving average is $29.31. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 24.44 and a beta of 1.04.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. The firm had revenue of $701.40 million for the quarter, compared to the consensus estimate of $704.86 million. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. Sell-side analysts forecast that Energizer Holdings, Inc. will post 3.27 EPS for the current fiscal year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 4.13%. Energizer’s dividend payout ratio (DPR) is currently 100.84%.

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.