Energizer (NYSE:ENR) Hits New 12-Month High – Here’s Why

Shares of Energizer Holdings, Inc. (NYSE:ENR) hit a new 52-week high on Monday . The company traded as high as $39.22 and last traded at $39.22, with a volume of 288118 shares changing hands. The stock had previously closed at $38.11.

Analysts Set New Price Targets

A number of analysts recently issued reports on ENR shares. Morgan Stanley lifted their price target on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Energizer from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. Truist Financial upped their price objective on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. Finally, StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $37.63.

Energizer Stock Performance

The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The company has a 50 day simple moving average of $33.66 and a 200-day simple moving average of $31.11. The stock has a market cap of $2.81 billion, a P/E ratio of 74.46 and a beta of 1.06.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is presently 230.77%.

Insider Activity

In related news, VP Sara B. Hampton sold 2,812 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the sale, the vice president now owns 4,635 shares in the company, valued at $178,401.15. This represents a 37.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Robin Vauth sold 4,070 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total value of $155,311.20. Following the completion of the sale, the executive vice president now owns 9,827 shares in the company, valued at $374,998.32. The trade was a 29.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,860 shares of company stock valued at $334,694. Insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Energizer

Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC lifted its stake in Energizer by 48.9% in the third quarter. Tidal Investments LLC now owns 13,659 shares of the company’s stock worth $434,000 after purchasing an additional 4,487 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in Energizer by 2.9% in the third quarter. SkyView Investment Advisors LLC now owns 18,353 shares of the company’s stock worth $583,000 after purchasing an additional 513 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Energizer in the third quarter worth about $30,000. Barclays PLC lifted its stake in Energizer by 100.9% in the third quarter. Barclays PLC now owns 139,890 shares of the company’s stock worth $4,443,000 after purchasing an additional 70,254 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its stake in Energizer by 125.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 27,095 shares of the company’s stock worth $861,000 after purchasing an additional 15,095 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

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.