Brokerages Set Energizer Holdings, Inc. (NYSE:ENR) Target Price at $37.63

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) has earned a consensus recommendation of "Hold" from the eight research firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $37.63.

ENR has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on Energizer from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th. StockNews.com downgraded Energizer from a "buy" rating to a "hold" rating in a research report on Friday, December 20th. Barclays lowered shares of Energizer from an "overweight" rating to an "equal weight" rating and boosted their target price for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. Truist Financial raised their price target on shares of Energizer from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised shares of Energizer from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $32.00 to $39.00 in a research report on Wednesday, November 20th.

Insider Activity at Energizer

In other news, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value of $108,233.88. Following the transaction, the vice president now owns 4,635 shares of the company's stock, valued at $178,401.15. The trade was a 37.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robin Vauth sold 4,070 shares of the 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 sale, the executive vice president now directly owns 9,827 shares of the company's stock, valued at $374,998.32. The trade was a 29.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,860 shares of company stock valued at $334,694 over the last ninety days. 0.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On Energizer

Institutional investors and hedge funds have recently bought and sold shares of the company. Clarkston Capital Partners LLC grew its stake in shares of Energizer by 12.6% during the third 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. Victory Capital Management Inc. boosted its stake in Energizer by 192.5% in the 2nd quarter. Victory Capital Management Inc. now owns 372,697 shares of the company's stock worth $11,009,000 after purchasing an additional 245,285 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Energizer by 38.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company's stock worth $25,778,000 after purchasing an additional 240,402 shares during the last quarter. Verition Fund Management LLC increased its stake in Energizer by 56.5% during the 3rd quarter. Verition Fund Management LLC now owns 526,683 shares of the company's stock valued at $16,727,000 after purchasing an additional 190,195 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in shares of Energizer in the third quarter worth $3,910,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

Energizer Trading Up 1.7 %

Energizer stock traded up $0.61 during midday trading on Wednesday, reaching $35.59. The stock had a trading volume of 361,597 shares, compared to its average volume of 573,918. Energizer has a 52-week low of $26.92 and a 52-week high of $39.51. The company has a fifty day moving average of $35.26 and a 200 day moving average of $31.94. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 68.44 and a beta of 1.06. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51.

Energizer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.37%. Energizer's dividend payout ratio is presently 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.