Short Interest in Energizer Holdings, Inc. (NYSE:ENR) Increases By 10.3%

Energizer Holdings, Inc. (NYSE:ENRGet Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 3,440,000 shares, an increase of 10.3% from the February 29th total of 3,120,000 shares. Based on an average daily volume of 495,400 shares, the days-to-cover ratio is presently 6.9 days. Approximately 5.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Energizer by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock valued at $297,115,000 after acquiring an additional 79,940 shares during the last quarter. BlackRock Inc. boosted its position in shares of Energizer by 2.7% during the 2nd quarter. BlackRock Inc. now owns 7,826,006 shares of the company’s stock valued at $262,797,000 after acquiring an additional 203,193 shares during the last quarter. FMR LLC boosted its position in shares of Energizer by 28.2% during the 3rd quarter. FMR LLC now owns 6,860,185 shares of the company’s stock valued at $219,800,000 after acquiring an additional 1,508,081 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Energizer by 1.5% during the 2nd quarter. State Street Corp now owns 2,388,653 shares of the company’s stock valued at $80,211,000 after acquiring an additional 35,710 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Energizer Stock Down 1.1 %

ENR stock opened at $28.38 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 19.36. The firm has a market capitalization of $2.04 billion, a PE ratio of 22.23 and a beta of 1.06. Energizer has a twelve month low of $27.58 and a twelve month high of $37.32. The stock has a 50-day simple moving average of $29.76 and a two-hundred day simple moving average of $31.08.

Energizer (NYSE:ENRGet Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $716.60 million during the quarter, compared to analyst estimates of $710.73 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. On average, equities analysts predict that Energizer will post 3.2 EPS for the current fiscal year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Tuesday, February 20th. Energizer’s payout ratio is presently 93.02%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Barclays lifted their price objective on Energizer from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Energizer presently has a consensus rating of “Hold” and a consensus price target of $35.67.

Get Our Latest Stock Analysis on Energizer

Energizer Company Profile

(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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