Proficio Capital Partners LLC Buys New Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Proficio Capital Partners LLC purchased a new position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,793 shares of the company's stock, valued at approximately $411,000.

A number of other hedge funds also recently bought and sold shares of the business. Inspire Investing LLC increased its stake in shares of Energizer by 166.3% during the fourth quarter. Inspire Investing LLC now owns 34,692 shares of the company's stock worth $1,210,000 after purchasing an additional 21,667 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Energizer by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company's stock worth $29,587,000 after buying an additional 19,836 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Energizer during the third quarter valued at approximately $584,000. Seizert Capital Partners LLC lifted its position in shares of Energizer by 29.0% in the third quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company's stock valued at $5,773,000 after acquiring an additional 40,891 shares in the last quarter. Finally, Clarkston Capital Partners LLC increased its position 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 purchasing an additional 533,831 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of Energizer from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Canaccord Genuity Group upped their price objective on shares of Energizer from $32.00 to $36.00 and gave the company a "hold" rating in a research note on Wednesday, November 20th. Truist Financial increased their price objective on shares of Energizer from $40.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Barclays cut Energizer from an "overweight" rating to an "equal weight" rating and boosted their target price for the stock from $34.00 to $36.00 in a report on Wednesday, November 20th. Finally, Morgan Stanley increased their price target on Energizer from $33.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $38.38.

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Energizer Trading Down 2.4 %

Shares of ENR stock traded down $0.74 during trading hours on Tuesday, hitting $30.43. The company had a trading volume of 884,377 shares, compared to its average volume of 608,356. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. The stock has a market capitalization of $2.20 billion, a PE ratio of 38.52 and a beta of 1.09. The company's fifty day moving average is $32.90 and its 200 day moving average is $33.24. Energizer Holdings, Inc. has a fifty-two week low of $26.92 and a fifty-two week high of $39.51.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. The business had revenue of $731.70 million during the quarter, compared to analyst estimates of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. Research analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 annualized dividend and a yield of 3.94%. Energizer's dividend payout ratio is presently 151.90%.

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.