LSV Asset Management Acquires 433,324 Shares of Energizer Holdings, Inc. $ENR

LSV Asset Management increased its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 18.6% during the second quarter, Holdings Channel reports. The fund owned 2,761,148 shares of the company’s stock after acquiring an additional 433,324 shares during the quarter. LSV Asset Management’s holdings in Energizer were worth $55,665,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. boosted its position in Energizer by 58.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,094,195 shares of the company’s stock worth $62,658,000 after purchasing an additional 775,221 shares during the period. Nuveen LLC acquired a new stake in shares of Energizer during the 1st quarter worth about $9,069,000. Amundi boosted its holdings in shares of Energizer by 512.3% during the 1st quarter. Amundi now owns 311,795 shares of the company’s stock worth $9,151,000 after buying an additional 260,869 shares during the period. Vanguard Group Inc. grew its stake in Energizer by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 9,421,993 shares of the company’s stock valued at $281,906,000 after buying an additional 170,017 shares during the last quarter. Finally, Armistice Capital LLC raised its holdings in Energizer by 14.0% in the 1st quarter. Armistice Capital LLC now owns 1,128,144 shares of the company’s stock valued at $33,754,000 after acquiring an additional 138,718 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Price Performance

Shares of NYSE ENR opened at $23.83 on Tuesday. The business has a fifty day moving average price of $25.32 and a two-hundred day moving average price of $24.47. The stock has a market capitalization of $1.63 billion, a PE ratio of 6.87 and a beta of 0.63. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.78 and a quick ratio of 0.84. Energizer Holdings, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $39.51.

Energizer (NYSE:ENR) last released its earnings results on Wednesday, December 4th. The company reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of $684.10 million for the quarter. Energizer had a return on equity of 181.90% and a net margin of 8.60%. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, November 25th. Energizer’s dividend payout ratio (DPR) is currently 34.58%.

Analyst Ratings Changes

ENR has been the subject of a number of research analyst reports. Barclays boosted their price objective on Energizer from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Zacks Research cut Energizer from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. UBS Group reduced their price target on Energizer from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on Energizer from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Finally, Truist Financial lifted their target price on Energizer from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Energizer has a consensus rating of “Hold” and a consensus price target of $31.00.

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.