Insider Buying: Energizer Holdings Inc (ENR) Director Purchases 2,200 Shares of Stock
Energizer Holdings Inc (NYSE:ENR) Director John Eddy Klein bought 2,200 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was purchased at an average cost of $46.00 per share, with a total value of $101,200.00. Following the completion of the transaction, the director now directly owns 4,591 shares of the company’s stock, valued at $211,186. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of NYSE:ENR opened at $45.07 on Thursday. Energizer Holdings Inc has a 1 year low of $44.57 and a 1 year high of $65.57. The stock has a market cap of $2.69 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 2.42 and a beta of 0.63. The company has a current ratio of 1.56, a quick ratio of 1.13 and a debt-to-equity ratio of 39.84.
Energizer (NYSE:ENR) last announced its quarterly earnings results on Thursday, November 15th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. Energizer had a return on equity of 549.70% and a net margin of 5.20%. The company had revenue of $457.20 million for the quarter, compared to the consensus estimate of $459.64 million. During the same quarter in the previous year, the business earned $0.54 EPS. Energizer’s revenue was down 1.7% compared to the same quarter last year. On average, analysts expect that Energizer Holdings Inc will post 3.43 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of ENR. Bank of Montreal Can purchased a new position in shares of Energizer during the 2nd quarter worth approximately $2,444,000. Janney Montgomery Scott LLC grew its holdings in shares of Energizer by 5.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 19,047 shares of the company’s stock worth $1,199,000 after acquiring an additional 996 shares during the period. Alps Advisors Inc. grew its holdings in shares of Energizer by 18.5% during the 2nd quarter. Alps Advisors Inc. now owns 10,216 shares of the company’s stock worth $490,000 after acquiring an additional 1,595 shares during the period. Advisory Services Network LLC grew its holdings in shares of Energizer by 443.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,974 shares of the company’s stock worth $128,000 after acquiring an additional 1,611 shares during the period. Finally, Dupont Capital Management Corp grew its holdings in shares of Energizer by 12.6% during the 2nd quarter. Dupont Capital Management Corp now owns 14,009 shares of the company’s stock worth $882,000 after acquiring an additional 1,564 shares during the period. Hedge funds and other institutional investors own 93.12% of the company’s stock.
A number of analysts have issued reports on ENR shares. Jefferies Financial Group reissued a “buy” rating and issued a $80.00 target price on shares of Energizer in a research report on Monday, October 22nd. Deutsche Bank lifted their price target on Energizer from $64.00 to $68.00 and gave the company a “hold” rating in a research report on Thursday, August 16th. ValuEngine cut Energizer from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. TheStreet cut Energizer from a “b” rating to a “c+” rating in a research report on Friday, November 16th. Finally, Morgan Stanley reduced their price target on Energizer from $64.00 to $58.00 and set a “hold” rating for the company in a research report on Monday, November 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $64.60.
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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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.
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