Stock Traders Purchase Large Volume of Put Options on Energizer Holdings (ENR)
Energizer Holdings, Inc. (NYSE:ENR) was the target of some unusual options trading activity on Monday. Stock investors purchased 1,981 put options on the company. This is an increase of approximately 881% compared to the average volume of 202 put options.
ENR has been the topic of a number of analyst reports. Citigroup Inc. reissued a “buy” rating and set a $54.00 target price on shares of Energizer Holdings in a report on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Energizer Holdings in a report on Wednesday, August 16th. Off Wall Street started coverage on shares of Energizer Holdings in a report on Monday, October 30th. They issued a “sell” rating on the stock. Morgan Stanley decreased their price target on shares of Energizer Holdings from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, November 9th. Finally, Deutsche Bank AG decreased their price target on shares of Energizer Holdings from $55.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $51.88.
A number of large investors have recently made changes to their positions in ENR. BlackRock Inc. grew its position in Energizer Holdings by 29.7% in the second quarter. BlackRock Inc. now owns 6,819,769 shares of the company’s stock worth $327,486,000 after acquiring an additional 1,561,447 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Energizer Holdings by 77.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,975,498 shares of the company’s stock worth $90,972,000 after acquiring an additional 863,371 shares in the last quarter. American Century Companies Inc. grew its position in Energizer Holdings by 425.5% in the third quarter. American Century Companies Inc. now owns 641,214 shares of the company’s stock worth $29,528,000 after acquiring an additional 519,184 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new position in Energizer Holdings in the third quarter worth $23,581,000. Finally, First Trust Advisors LP grew its position in Energizer Holdings by 213.3% in the second quarter. First Trust Advisors LP now owns 577,410 shares of the company’s stock worth $27,727,000 after acquiring an additional 393,139 shares in the last quarter. Institutional investors own 94.09% of the company’s stock.
Energizer Holdings (NYSE ENR) opened at $44.97 on Thursday. The firm has a market cap of $2,730.21, a price-to-earnings ratio of 15.08, a PEG ratio of 1.49 and a beta of 0.55. Energizer Holdings has a 1-year low of $40.64 and a 1-year high of $60.07. The company has a debt-to-equity ratio of 11.50, a current ratio of 1.75 and a quick ratio of 1.21.
Energizer Holdings (NYSE:ENR) last announced its earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. Energizer Holdings had a net margin of 11.48% and a return on equity of 291.65%. The company had revenue of $465.00 million during the quarter, compared to analyst estimates of $437.36 million. During the same period in the previous year, the business earned $0.54 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. research analysts expect that Energizer Holdings will post 3.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be given a $0.29 dividend. The ex-dividend date is Wednesday, November 29th. This is a positive change from Energizer Holdings’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.58%. Energizer Holdings’s payout ratio is 34.16%.
About Energizer Holdings
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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