Energizer Holdings, Inc. (NYSE:ENR) Short Interest Update

Energizer Holdings, Inc. (NYSE:ENR) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 2,820,000 shares, a drop of 6.6% from the September 15th total of 3,020,000 shares. Approximately 4.3% of the shares of the company are short sold. Based on an average trading volume of 705,200 shares, the days-to-cover ratio is currently 4.0 days.

Institutional Trading of Energizer

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Energizer by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock valued at $297,115,000 after buying an additional 79,940 shares in the last quarter. LSV Asset Management raised its position in shares of Energizer by 2.0% in the 2nd quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock worth $47,456,000 after purchasing an additional 31,900 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in Energizer by 5.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,309,920 shares of the company’s stock worth $38,564,000 after purchasing an additional 71,595 shares in the last quarter. Bank of New York Mellon Corp grew its position in Energizer by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock valued at $29,651,000 after purchasing an additional 15,982 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Energizer by 38.0% in the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock worth $25,778,000 after buying an additional 240,402 shares during the last quarter. 93.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ENR has been the topic of several recent research reports. Truist Financial raised shares of Energizer from a “hold” rating to a “buy” rating and upped their price objective for the company from $30.00 to $40.00 in a report on Tuesday, August 27th. Evercore ISI cut their price objective on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of Energizer from $29.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, October 11th. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a report on Monday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.00.

Energizer Stock Up 0.4 %

Shares of NYSE:ENR traded up $0.12 during trading on Thursday, hitting $32.40. The stock had a trading volume of 172,161 shares, compared to its average volume of 570,083. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. Energizer has a 12 month low of $26.92 and a 12 month high of $36.72. The company has a market capitalization of $2.33 billion, a PE ratio of 27.13 and a beta of 1.04. The firm’s fifty day moving average is $30.49 and its 200 day moving average is $29.68.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. The business had revenue of $701.40 million during the quarter, compared to analyst estimates of $704.86 million. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. Analysts anticipate that Energizer will post 3.27 EPS for the current fiscal year.

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Thursday, August 22nd. Energizer’s dividend payout ratio is 100.84%.

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.