Energizer (NYSE:ENR) Shares Gap Down - Here's What Happened

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $33.93, but opened at $32.29. Energizer shares last traded at $31.79, with a volume of 170,652 shares traded.

Analyst Upgrades and Downgrades

ENR has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Energizer from a "hold" rating to a "buy" rating in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on Energizer from $39.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Truist Financial boosted their target price on Energizer from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Canaccord Genuity Group lifted their price objective on Energizer from $32.00 to $36.00 and gave the stock a "hold" rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $38.00 target price on shares of Energizer in a research note on Thursday, January 30th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $38.38.

Energizer Stock Down 0.2 %

The company has a 50 day moving average of $35.47 and a 200-day moving average of $33.06. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The company has a market cap of $2.31 billion, a P/E ratio of 61.68 and a beta of 1.06.

Energizer (NYSE:ENR - Get Free Report) last issued its quarterly 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 the consensus estimate of $726.23 million. Energizer had a return on equity of 155.40% and a net margin of 1.32%. The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. On average, equities analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Thursday, February 20th. Energizer's dividend payout ratio is currently 230.77%.

Insider Buying and Selling

In other news, VP Sara B. Hampton sold 2,812 shares of the firm's 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 transaction, the vice president now directly owns 4,635 shares of the company's stock, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 approximately $207,115.26. This represents a 25.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,860 shares of company stock worth $334,694. Corporate insiders own 0.98% of the company's stock.

Hedge Funds Weigh In On Energizer

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company's stock valued at $27,000 after purchasing an additional 356 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Energizer during the 3rd quarter valued at $30,000. Quarry LP purchased a new stake in Energizer during the 3rd quarter valued at $39,000. Prospera Private Wealth LLC purchased a new position in shares of Energizer in the third quarter valued at about $42,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Energizer by 94.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock valued at $54,000 after acquiring an additional 753 shares during the period. 93.74% of the stock is currently owned by institutional investors.

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.