Insider Buying: Energizer Holdings, Inc. (NYSE:ENR) EVP Acquires 1,000 Shares of Stock

Energizer Holdings, Inc. (NYSE:ENR) EVP John J. Drabik bought 1,000 shares of the business’s stock in a transaction on Friday, May 16th. The stock was purchased at an average price of $23.86 per share, with a total value of $23,860.00. Following the completion of the transaction, the executive vice president now directly owns 47,002 shares of the company’s stock, valued at $1,121,467.72. This trade represents a 2.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Energizer Stock Performance

NYSE ENR traded down $0.04 during trading on Monday, hitting $23.85. The company’s stock had a trading volume of 890,852 shares, compared to its average volume of 654,939. Energizer Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $39.52. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The firm has a market cap of $1.72 billion, a P/E ratio of 30.19 and a beta of 0.77. The firm has a 50 day moving average price of $27.10 and a 200 day moving average price of $31.78.

Energizer (NYSE:ENR) last posted its quarterly earnings results 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 return on equity of 168.16% and a net margin of 2.02%. The company had revenue of $662.90 million during the quarter, compared to analyst estimates of $670.85 million. During the same quarter in the prior year, the business earned $0.72 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts forecast that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 5.03%. Energizer’s payout ratio is currently 164.38%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Truist Financial reduced their target price on shares of Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Canaccord Genuity Group reduced their price objective on Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. cut their target price on Energizer from $36.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, April 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 Thursday, January 30th. Finally, UBS Group reduced their price objective on Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.63.

Institutional Investors Weigh In On Energizer

Several large investors have recently modified their holdings of ENR. Vanguard Group Inc. raised its stake in Energizer by 1.8% during the first quarter. Vanguard Group Inc. now owns 9,421,993 shares of the company’s stock worth $281,906,000 after acquiring an additional 170,017 shares in the last quarter. Clarkston Capital Partners LLC grew its holdings in shares of Energizer by 3.2% in the 1st quarter. Clarkston Capital Partners LLC now owns 4,205,935 shares of the company’s stock worth $125,842,000 after purchasing an additional 128,730 shares during the last quarter. LSV Asset Management increased its position in shares of Energizer by 28.4% during the 1st quarter. LSV Asset Management now owns 2,327,824 shares of the company’s stock worth $69,648,000 after purchasing an additional 515,124 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Energizer by 58.8% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,094,195 shares of the company’s stock valued at $62,658,000 after buying an additional 775,221 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in Energizer by 1.9% during the first quarter. Gamco Investors INC. ET AL now owns 1,407,793 shares of the company’s stock worth $42,121,000 after buying an additional 26,454 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors.

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.