Insider Buying: Energizer Holdings, Inc. (NYSE:ENR) Director Buys $231,000.00 in Stock

Energizer Holdings, Inc. (NYSE:ENR) Director Patrick J. Moore acquired 10,000 shares of the stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $23.10 per share, with a total value of $231,000.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $346,500. This trade represents a 200.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Energizer Price Performance

ENR stock opened at $23.67 on Friday. The firm has a market cap of $1.71 billion, a P/E ratio of 29.96 and a beta of 0.77. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. Energizer Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $39.52. The stock has a 50-day simple moving average of $27.23 and a 200-day simple moving average of $31.85.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm had revenue of $662.90 million during the quarter, compared to analyst estimates of $670.85 million. During the same period last year, the business earned $0.72 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, equities analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 5.07%. Energizer’s payout ratio is currently 164.38%.

Institutional Trading of Energizer

Several large investors have recently modified their holdings of ENR. GAMMA Investing LLC boosted its holdings in Energizer by 86.4% in 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. CX Institutional purchased a new position in shares of Energizer during the 1st quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd grew its position in shares of Energizer by 108.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company’s stock worth $33,000 after buying an additional 579 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Energizer in the fourth quarter worth $43,000. Finally, Curat Global LLC acquired a new stake in Energizer in the first quarter valued at $53,000. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ENR has been the topic of several research reports. Canaccord Genuity Group cut their target price on Energizer from $31.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, May 7th. Truist Financial cut their price objective on Energizer from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Barclays reduced their price objective on Energizer from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. UBS Group dropped their target price on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.50.

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.