John J. Drabik Purchases 1,000 Shares of Energizer Holdings, Inc. (NYSE:ENR) Stock

Energizer Holdings, Inc. (NYSE:ENR) EVP John J. Drabik acquired 1,000 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were bought at an average cost of $23.86 per share, with a total value of $23,860.00. Following the purchase, the executive vice president now owns 47,002 shares in the company, valued at approximately $1,121,467.72. The trade was a 2.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Energizer Stock Performance

NYSE:ENR traded down $0.04 during trading hours on Monday, reaching $23.85. 890,852 shares of the stock were exchanged, compared to its average volume of 654,939. The stock has a market capitalization of $1.72 billion, a P/E ratio of 30.19 and a beta of 0.77. The firm has a 50 day simple moving average of $27.10 and a 200-day simple moving average of $31.78. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. Energizer Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $39.52.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, May 6th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $662.90 million for the quarter, compared to the consensus estimate of $670.85 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. As a group, sell-side analysts forecast that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.03%. Energizer’s dividend payout ratio (DPR) is presently 164.38%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ENR. Truist Financial reduced their target price on Energizer from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. UBS Group reduced their price objective on Energizer from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price target on Energizer from $36.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ENR. CX Institutional bought a new position in Energizer in the 1st quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Energizer by 108.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company’s stock worth $33,000 after purchasing an additional 579 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Energizer during the fourth quarter valued at $43,000. Curat Global LLC acquired a new position in shares of Energizer during the first quarter valued at $53,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Energizer by 94.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock worth $54,000 after purchasing an additional 753 shares during the period. 93.74% of the stock is owned by institutional investors and hedge funds.

About Energizer

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.