Energizer (NYSE:ENR) Shares Gap Up – Time to Buy?

Energizer Holdings, Inc. (NYSE:ENR)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $34.15, but opened at $35.97. Energizer shares last traded at $38.39, with a volume of 288,696 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ENR shares. Morgan Stanley raised their target price on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research note on Monday, October 14th. Truist Financial raised their price target on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday. Evercore ISI decreased their price target on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Energizer has a consensus rating of “Hold” and a consensus target price of $37.63.

Energizer Price Performance

The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99. The stock’s 50 day simple moving average is $31.99 and its two-hundred day simple moving average is $30.57. The firm has a market capitalization of $2.70 billion, a PE ratio of 269.09 and a beta of 1.04.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.19%. Energizer’s dividend payout ratio is currently 857.20%.

Insider Activity at Energizer

In related news, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value of $71,148.66. Following the completion of the sale, the executive vice president now owns 5,758 shares in the company, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Energizer

Several institutional investors have recently modified their holdings of ENR. SG Americas Securities LLC grew its stake in shares of Energizer by 27.7% in the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock worth $125,000 after acquiring an additional 919 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Energizer by 7.5% during the 1st quarter. ProShare Advisors LLC now owns 14,343 shares of the company’s stock worth $422,000 after purchasing an additional 1,001 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Energizer by 21.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,770 shares of the company’s stock worth $729,000 after purchasing an additional 4,310 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Energizer during the 1st quarter worth $297,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Energizer by 31.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,723 shares of the company’s stock worth $3,172,000 after purchasing an additional 25,732 shares during the last quarter. Institutional investors and hedge funds 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.