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

Energizer Holdings, Inc. (NYSE:ENR) has received an average rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $38.38.

A number of analysts have issued reports on the stock. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. 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. JPMorgan Chase & Co. 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. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th.

Energizer Stock Performance

ENR stock opened at $31.30 on Thursday. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. The stock has a market cap of $2.26 billion, a P/E ratio of 39.62 and a beta of 1.06. The firm has a 50 day simple moving average of $34.22 and a 200 day simple moving average of $33.11. Energizer has a 52 week low of $26.92 and a 52 week high of $39.51.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The firm had revenue of $731.70 million during 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 company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share. Research analysts anticipate that Energizer will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Thursday, February 20th. Energizer’s dividend payout ratio (DPR) is currently 151.90%.

Insider Buying and Selling

In related news, EVP Robin Vauth sold 4,070 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 9,827 shares in the company, valued at $374,998.32. This trade represents a 29.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the sale, the vice president now owns 4,635 shares of the company’s stock, valued at $178,401.15. This trade represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Energizer

A number of hedge funds have recently added to or reduced their stakes in ENR. Clarkston Capital Partners LLC grew its holdings in Energizer by 12.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after acquiring an additional 533,831 shares during the last quarter. Millennium Management LLC grew its holdings in Energizer by 66.7% during the 4th quarter. Millennium Management LLC now owns 1,240,038 shares of the company’s stock worth $43,265,000 after acquiring an additional 496,146 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Energizer during the 4th quarter worth about $11,718,000. Brandywine Global Investment Management LLC bought a new stake in Energizer during the 4th quarter worth about $7,685,000. Finally, Balyasny Asset Management L.P. grew its holdings in Energizer by 427.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 269,901 shares of the company’s stock worth $9,417,000 after acquiring an additional 218,759 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

About Energizer

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.