Energizer Holdings, Inc. (NYSE:ENR) Given Average Rating of “Hold” by Analysts

Energizer Holdings, Inc. (NYSE:ENR) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $38.38.

ENR has been the topic of several recent research reports. Truist Financial lifted their price target on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. UBS Group reduced their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Barclays lowered Energizer from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $34.00 to $36.00 in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. dropped their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th.

Insider Activity

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the sale, the vice president now owns 4,635 shares of the company’s stock, valued at $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total transaction of $155,311.20. Following the completion of the transaction, the executive vice president now directly owns 9,827 shares in the company, valued at approximately $374,998.32. This represents a 29.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,860 shares of company stock worth $334,694 in the last three months. 0.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ENR. Charles Schwab Investment Management Inc. boosted its holdings in Energizer by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock valued at $29,587,000 after acquiring an additional 19,836 shares during the period. Point72 Asset Management L.P. bought a new stake in Energizer during the 3rd quarter valued at approximately $584,000. Seizert Capital Partners LLC grew its holdings in Energizer by 29.0% in the 3rd quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company’s stock valued at $5,773,000 after buying an additional 40,891 shares during the last quarter. Clarkston Capital Partners LLC increased its position in Energizer by 12.6% in the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after buying an additional 533,831 shares during the period. Finally, Gabelli Funds LLC lifted its holdings in shares of Energizer by 6.1% during the second quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock worth $11,363,000 after buying an additional 22,100 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Trading Up 0.6 %

Shares of Energizer stock opened at $34.59 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. The business has a fifty day simple moving average of $36.21 and a 200-day simple moving average of $32.79. Energizer has a fifty-two week low of $26.92 and a fifty-two week high of $39.51. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 66.51 and a beta of 1.07.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Wednesday, November 27th. Energizer’s payout ratio is currently 230.77%.

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.