Energizer Holdings, Inc. (NYSE:ENR) Receives $38.38 Average PT from Analysts

Shares of Energizer Holdings, Inc. (NYSE:ENR) have been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $38.38.

A number of equities analysts recently issued reports on ENR shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research report on Thursday, January 30th. Truist Financial increased their target price on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley increased their target price on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $34.00 to $36.00 in a report on Wednesday, November 20th. Finally, UBS Group reduced their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th.

Insider Activity

In related news, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the transaction, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Robin Vauth sold 1,978 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total value of $71,148.66. Following the completion of the transaction, the executive vice president now owns 5,758 shares in the company, valued at $207,115.26. This represents a 25.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock worth $334,694 in the last 90 days. Company insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On Energizer

A number of hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in Energizer by 1.6% during the third quarter. US Bancorp DE now owns 19,593 shares of the company’s stock valued at $622,000 after purchasing an additional 308 shares during the last quarter. GAMMA Investing LLC grew its holdings in Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Energizer by 21.6% during the fourth 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 last quarter. Avior Wealth Management LLC grew its holdings in Energizer by 22.4% during the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock valued at $65,000 after purchasing an additional 376 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in shares of Energizer by 2.3% in the fourth quarter. OneDigital Investment Advisors LLC now owns 16,935 shares of the company’s stock valued at $591,000 after acquiring an additional 386 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Trading Down 1.7 %

NYSE ENR opened at $30.96 on Thursday. The company’s fifty day simple moving average is $34.60 and its 200-day simple moving average is $33.10. Energizer has a 52 week low of $26.92 and a 52 week high of $39.51. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 22.17. The stock has a market cap of $2.23 billion, a P/E ratio of 39.19 and a beta of 1.06.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. The firm had revenue of $731.70 million for the quarter, compared to analysts’ expectations of $726.23 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. Equities research analysts predict that Energizer will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.88%. Energizer’s dividend payout ratio is 151.90%.

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.