Energizer (NYSE:ENR) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of Energizer (NYSE:ENR) from a buy rating to a hold rating in a research note released on Tuesday morning.

A number of other brokerages have also recently weighed in on ENR. Barclays cut Energizer from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $34.00 to $36.00 in a report on Wednesday, November 20th. Truist Financial raised their price target on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. UBS Group reduced 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. Royal Bank of Canada restated a “sector perform” rating and set a $38.00 price target on shares of Energizer in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group raised their price target on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $38.38.

Energizer Stock Performance

Shares of NYSE ENR opened at $31.54 on Tuesday. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 39.92 and a beta of 1.06. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 22.17. Energizer has a 1-year low of $26.92 and a 1-year high of $39.51. The stock’s 50-day moving average is $34.89 and its 200 day moving average is $33.10.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The company had revenue of $731.70 million for the quarter, compared to analysts’ expectations of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. Energizer’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. On average, sell-side analysts anticipate that Energizer will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Thursday, February 20th. Energizer’s payout ratio is 151.90%.

Insider Transactions at Energizer

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

Institutional Trading of Energizer

A number of hedge funds have recently bought and sold shares of the company. US Bancorp DE increased its position in Energizer by 1.6% during the third quarter. US Bancorp DE now owns 19,593 shares of the company’s stock valued at $622,000 after acquiring an additional 308 shares during the last quarter. GAMMA Investing LLC increased its position in Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares during the last quarter. Russell Investments Group Ltd. increased its position in Energizer by 21.6% during the fourth quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock valued at $71,000 after acquiring an additional 360 shares during the last quarter. Avior Wealth Management LLC increased its position in Energizer by 22.4% during the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock valued at $65,000 after acquiring an additional 376 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in Energizer by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock valued at $335,000 after acquiring an additional 392 shares during the last quarter. Hedge funds and other 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.