Brokerages Set Energizer Holdings, Inc. (NYSE:ENR) Target Price at $38.38

Shares of Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) have earned a consensus rating of "Hold" from the eight ratings firms that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $38.38.

A number of brokerages recently issued reports on ENR. UBS Group reduced their target price on Energizer from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Morgan Stanley raised their target price on Energizer from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th. Royal Bank of Canada restated a "sector perform" rating and issued a $38.00 target price on shares of Energizer in a research note on Thursday, January 30th. Truist Financial lifted their price objective on Energizer from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, Barclays lowered Energizer from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th.

Energizer Stock Down 1.7 %

Shares of Energizer stock traded down $0.54 during trading on Thursday, reaching $30.96. The company's stock had a trading volume of 459,824 shares, compared to its average volume of 523,957. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 39.19 and a beta of 1.06. Energizer has a 1-year low of $26.92 and a 1-year high of $39.51. The company has a 50-day simple moving average of $34.60 and a two-hundred day simple moving average of $33.11.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, topping 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 return on equity of 168.16% and a net margin of 2.02%. The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 EPS. As a group, equities analysts forecast that Energizer will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.30 dividend. The ex-dividend date is Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.88%. Energizer's dividend payout ratio is presently 151.90%.

Insider Activity at Energizer

In related news, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total value of $71,148.66. Following the completion of the transaction, the executive vice president now owns 5,758 shares in the company, valued at $207,115.26. The trade was a 25.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction dated 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 sale, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. 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 90 days. Corporate insiders own 0.98% of the company's stock.

Institutional Investors Weigh In On Energizer

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Energizer by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company's stock worth $27,000 after buying an additional 356 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Energizer in the third quarter valued at approximately $30,000. Quarry LP purchased a new stake in shares of Energizer in the third quarter valued at approximately $39,000. Prospera Private Wealth LLC purchased a new position in Energizer in the third quarter worth approximately $42,000. Finally, Smartleaf Asset Management LLC grew its position in Energizer by 94.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock worth $54,000 after acquiring an additional 753 shares during the period. 93.74% of the stock is currently owned by institutional investors and hedge funds.

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.