Patrick J. Moore Buys 10,000 Shares of Energizer Holdings, Inc. (NYSE:ENR) Stock

Energizer Holdings, Inc. (NYSE:ENR) Director Patrick J. Moore bought 10,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $23.10 per share, with a total value of $231,000.00. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $346,500. This represents a 200.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Energizer Trading Up 2.1%

Shares of NYSE:ENR opened at $23.67 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The company’s 50-day moving average price is $27.23 and its 200 day moving average price is $31.85. The company has a market cap of $1.71 billion, a PE ratio of 29.96 and a beta of 0.77. Energizer Holdings, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $39.52.

Energizer (NYSE:ENR) last announced its quarterly 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). Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm had revenue of $662.90 million during the quarter, compared to analyst estimates of $670.85 million. During the same quarter in the previous year, the business posted $0.72 EPS. Energizer’s revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 5.07%. Energizer’s dividend payout ratio (DPR) is presently 164.38%.

Wall Street Analyst Weigh In

A number of research firms have commented on ENR. Canaccord Genuity Group decreased their price objective on shares of Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price target on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. UBS Group lowered their price objective on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. Finally, Truist Financial decreased their target price on Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Energizer presently has an average rating of “Hold” and a consensus target price of $31.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ENR. Barclays PLC grew its position in Energizer by 100.9% in the 3rd quarter. Barclays PLC now owns 139,890 shares of the company’s stock valued at $4,443,000 after buying an additional 70,254 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Energizer by 48.9% in the third quarter. Tidal Investments LLC now owns 13,659 shares of the company’s stock valued at $434,000 after acquiring an additional 4,487 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Energizer by 4.6% in the third quarter. Principal Financial Group Inc. now owns 861,755 shares of the company’s stock valued at $27,369,000 after acquiring an additional 37,713 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares during the period. Finally, Ritholtz Wealth Management bought a new stake in Energizer during the fourth quarter worth approximately $306,000. 93.74% of the stock is owned by institutional investors and hedge funds.

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.