Energizer (NYSE:ENR) Trading Down 6.5% – What’s Next?

Energizer Holdings, Inc. (NYSE:ENR) dropped 6.5% during trading on Tuesday . The company traded as low as $20.55 and last traded at $20.37. Approximately 312,615 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 1,168,878 shares. The stock had previously closed at $21.78.

Analysts Set New Price Targets

ENR has been the subject of a number of research reports. UBS Group raised their target price on shares of Energizer from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energizer in a report on Wednesday, June 24th. JPMorgan Chase & Co. increased their price objective on Energizer from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Morgan Stanley reissued a “negative” rating and set a $21.00 price objective on shares of Energizer in a research note on Tuesday, August 4th. Finally, Canaccord Genuity Group set a $18.00 target price on Energizer in a report on Wednesday, August 5th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Energizer presently has an average rating of “Reduce” and a consensus price target of $21.83.

Energizer Stock Down 5.1%

The business’s 50 day simple moving average is $21.49 and its 200 day simple moving average is $19.87. The company has a market capitalization of $1.41 billion, a PE ratio of 17.51 and a beta of 0.75. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 16.22.

Energizer (NYSE:ENR) last released its earnings results on Tuesday, August 4th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.08). Energizer had a return on equity of 122.63% and a net margin of 2.73%.The firm had revenue of $734.10 million during the quarter, compared to analysts’ expectations of $720.29 million. During the same period last year, the business earned $2.13 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. Energizer has set its Q4 2026 guidance at 1.250-1.350 EPS and its FY 2026 guidance at 3.600-3.600 EPS. As a group, analysts forecast that Energizer Holdings, Inc. will post 3.31 EPS for the current year.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.8%. The ex-dividend date is Wednesday, August 19th. Energizer’s payout ratio is presently 101.69%.

Insider Transactions at Energizer

In other Energizer news, major shareholder Aqua Capital, Ltd. bought 60,000 shares of Energizer stock in a transaction dated Thursday, July 23rd. The stock was bought at an average price of $20.25 per share, for a total transaction of $1,215,000.00. Following the completion of the acquisition, the insider directly owned 7,940,000 shares of the company’s stock, valued at approximately $160,785,000. This trade represents a 0.76% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have acquired 375,686 shares of company stock worth $7,665,050. 1.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ENR. Cibc World Market Inc. acquired a new stake in Energizer during the 2nd quarter worth about $12,710,000. Northwestern Mutual Wealth Management Co. grew its stake in Energizer by 148,623.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,794,522 shares of the company’s stock valued at $55,583,000 after acquiring an additional 2,792,643 shares in the last quarter. Clarkston Capital Partners LLC increased its holdings in shares of Energizer by 9.7% in the 4th quarter. Clarkston Capital Partners LLC now owns 4,227,520 shares of the company’s stock valued at $84,085,000 after purchasing an additional 372,465 shares during the period. CastleKnight Management LP increased its holdings in shares of Energizer by 131.6% in the 4th quarter. CastleKnight Management LP now owns 222,118 shares of the company’s stock valued at $4,418,000 after purchasing an additional 126,218 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in shares of Energizer by 9.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,043,794 shares of the company’s stock worth $40,651,000 after purchasing an additional 178,429 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

About Energizer

Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.

Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.