Energizer Holdings, Inc. (NYSE:ENR) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 31.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,936 shares of the company’s stock after selling 143,394 shares during the quarter. Raymond James & Associates owned approximately 0.43% of Energizer worth $9,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ENR. M&G Plc acquired a new position in shares of Energizer in the 1st quarter valued at about $5,174,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Energizer by 14,545.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 50,672 shares of the company’s stock worth $1,492,000 after acquiring an additional 50,326 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Energizer by 220.3% during the 1st quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock valued at $880,000 after buying an additional 20,567 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Energizer by 31.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,723 shares of the company’s stock worth $3,172,000 after acquiring an additional 25,732 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in Energizer by 6.1% in the second quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock worth $11,363,000 after purchasing an additional 22,100 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Stock Performance

NYSE:ENR opened at $32.57 on Wednesday. The firm’s 50-day moving average is $31.04 and its 200-day moving average is $29.94. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 27.36 and a beta of 1.04. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99. Energizer Holdings, Inc. has a 52-week low of $26.92 and a 52-week high of $36.72.

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. Evercore ISI lowered their price objective on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Barclays raised their price objective on shares of Energizer from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. 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. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Finally, Truist Financial raised Energizer from a “hold” rating to a “buy” rating and lifted their target price for the company from $30.00 to $40.00 in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Energizer Company 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.