Mark Stephen Lavigne Purchases 4,000 Shares of Energizer Holdings, Inc. (NYSE:ENR) Stock

Energizer Holdings, Inc. (NYSE:ENR) CEO Mark Stephen Lavigne bought 4,000 shares of the business’s stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $21.67 per share, for a total transaction of $86,680.00. Following the transaction, the chief executive officer now directly owns 277,645 shares in the company, valued at approximately $6,016,567.15. This trade represents a 1.46% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Energizer Stock Performance

Shares of ENR stock opened at $21.54 on Monday. Energizer Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $39.52. The business’s fifty day simple moving average is $27.82 and its 200-day simple moving average is $32.11. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The company has a market cap of $1.56 billion, a PE ratio of 27.27 and a beta of 0.77.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share (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 business had revenue of $662.90 million for the quarter, compared to analyst estimates of $670.85 million. During the same period in the prior year, the company earned $0.72 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 5.57%. Energizer’s dividend payout ratio (DPR) is currently 164.38%.

Analyst Ratings Changes

ENR has been the subject of several research reports. Truist Financial lowered their price target on shares of Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday. Canaccord Genuity Group reduced their price objective on shares of Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, May 7th. UBS Group dropped their target price on Energizer from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.50.

Hedge Funds Weigh In On Energizer

Several hedge funds and other institutional investors have recently modified their holdings of ENR. Inspire Investing LLC increased its stake in Energizer by 166.3% during the 4th quarter. Inspire Investing LLC now owns 34,692 shares of the company’s stock valued at $1,210,000 after purchasing an additional 21,667 shares in the last quarter. Vista Investment Partners LLC purchased a new stake in shares of Energizer during the fourth quarter valued at $553,000. Smartleaf Asset Management LLC increased its position in shares of Energizer by 94.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock valued at $54,000 after acquiring an additional 753 shares during the period. KBC Group NV raised its stake in Energizer by 5,308.0% in the 4th quarter. KBC Group NV now owns 89,664 shares of the company’s stock worth $3,128,000 after acquiring an additional 88,006 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Energizer by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock worth $35,695,000 after acquiring an additional 80,163 shares during the period. 93.74% of the stock is owned by hedge funds and other institutional investors.

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.