Shares of Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $34.15, but opened at $35.97. Energizer shares last traded at $38.39, with a volume of 288,696 shares.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $38.00 target price on shares of Energizer in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Energizer from $29.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday, October 11th. Truist Financial raised shares of Energizer from a "hold" rating to a "buy" rating and upped their target price for the company from $30.00 to $40.00 in a report on Tuesday, August 27th. StockNews.com downgraded shares of Energizer from a "buy" rating to a "hold" rating in a research report on Monday, October 14th. Finally, Evercore ISI decreased their target price on Energizer from $42.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $35.00.
View Our Latest Stock Report on Energizer
Energizer Price Performance
The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. The stock has a 50 day simple moving average of $31.81 and a 200-day simple moving average of $30.52. The firm has a market cap of $2.67 billion, a PE ratio of 266.09 and a beta of 1.04.
Energizer Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Wednesday, November 27th. Energizer's dividend payout ratio is currently 857.20%.
Insider Buying and Selling
In other Energizer news, EVP Robin Vauth sold 1,978 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value of $71,148.66. Following the sale, 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 through the SEC website. 0.77% of the stock is owned by insiders.
Institutional Investors Weigh In On Energizer
A number of hedge funds have recently made changes to their positions in the company. Clarkston Capital Partners LLC raised its holdings in shares of Energizer by 12.6% during the 3rd 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 in the last quarter. Victory Capital Management Inc. increased its position in Energizer by 192.5% in the second 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 during the last quarter. Dimensional Fund Advisors LP raised its stake in Energizer by 38.0% during the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company's stock valued at $25,778,000 after purchasing an additional 240,402 shares in the last quarter. Verition Fund Management LLC lifted its position in Energizer by 56.5% during the third 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 during the last quarter. Finally, Zacks Investment Management purchased a new position in shares of Energizer in the 3rd quarter worth $3,910,000. 93.74% of the stock is currently owned by hedge funds and other institutional investors.
About Energizer
(
Get Free Report)
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.
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