Energizer Holdings, Inc. (NYSE:ENR – Get Rating) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 4,060,000 shares, a decrease of 10.4% from the August 15th total of 4,530,000 shares. Currently, 6.1% of the company's shares are sold short. Based on an average trading volume of 615,400 shares, the days-to-cover ratio is presently 6.6 days.
Insider Activity
In other news, Director Bill G. Armstrong sold 5,000 shares of the firm's stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $32.14, for a total transaction of $160,700.00. Following the sale, the director now owns 24,065 shares of the company's stock, valued at $773,449.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Energizer news, CEO Mark Stephen Lavigne purchased 3,000 shares of the firm's stock in a transaction dated Friday, August 26th. The shares were bought at an average price of $30.49 per share, for a total transaction of $91,470.00. Following the purchase, the chief executive officer now owns 150,323 shares in the company, valued at approximately $4,583,348.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bill G. Armstrong sold 5,000 shares of the business's stock in a transaction on Friday, August 12th. The stock was sold at an average price of $32.14, for a total value of $160,700.00. Following the sale, the director now owns 24,065 shares in the company, valued at approximately $773,449.10. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by insiders.
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Institutional Trading of Energizer
Several institutional investors have recently modified their holdings of ENR. Victory Capital Management Inc. raised its stake in shares of Energizer by 252.3% in the 1st quarter. Victory Capital Management Inc. now owns 779,735 shares of the company's stock valued at $23,618,000 after acquiring an additional 558,431 shares during the period. Goldman Sachs Group Inc. raised its position in Energizer by 213.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 785,342 shares of the company's stock worth $31,492,000 after buying an additional 535,110 shares during the last quarter. Vanguard Group Inc. raised its position in Energizer by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 7,147,097 shares of the company's stock worth $219,845,000 after buying an additional 430,866 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Energizer by 10.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,799,412 shares of the company's stock valued at $116,870,000 after purchasing an additional 374,567 shares in the last quarter. Finally, Sasco Capital Inc. CT increased its holdings in shares of Energizer by 68.8% in the 1st quarter. Sasco Capital Inc. CT now owns 796,710 shares of the company's stock valued at $24,507,000 after purchasing an additional 324,810 shares in the last quarter. Institutional investors and hedge funds own 84.65% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on ENR shares. JPMorgan Chase & Co. decreased their price objective on Energizer from $33.00 to $32.00 in a report on Tuesday, August 9th. Barclays lowered their price objective on Energizer from $38.00 to $36.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 10th. Finally, Morgan Stanley downgraded Energizer from an "overweight" rating to an "equal weight" rating and set a $35.00 price target on the stock. in a research report on Wednesday, August 10th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $36.00.
Energizer Price Performance
Shares of NYSE ENR traded down $0.18 during mid-day trading on Tuesday, hitting $28.00. 575,157 shares of the company's stock traded hands, compared to its average volume of 674,279. The company's 50-day moving average is $29.60 and its two-hundred day moving average is $29.84. The company has a debt-to-equity ratio of 7.09, a current ratio of 2.12 and a quick ratio of 0.96. The company has a market capitalization of $2.00 billion, a P/E ratio of 9.43 and a beta of 0.98. Energizer has a 1 year low of $25.17 and a 1 year high of $41.62.
Energizer (NYSE:ENR – Get Rating) last issued its earnings results on Monday, August 8th. The company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). Energizer had a return on equity of 51.08% and a net margin of 7.09%. The company had revenue of $728.00 million during the quarter, compared to the consensus estimate of $747.47 million. During the same quarter in the prior year, the company earned $0.74 earnings per share. Energizer's revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Energizer will post 3.04 EPS for the current fiscal year.
Energizer Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Tuesday, August 23rd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $1.20 annualized dividend and a yield of 4.29%. Energizer's dividend payout ratio is presently 40.40%.
Energizer Company Profile
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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 batteries.
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