Investors Buy Energizer Holdings Inc. (ENR) on Weakness
Traders bought shares of Energizer Holdings Inc. (NYSE:ENR) on weakness during trading on Wednesday. $131.35 million flowed into the stock on the tick-up and $9.95 million flowed out of the stock on the tick-down, for a money net flow of $121.40 million into the stock. Of all stocks tracked, Energizer Holdings had the 2nd highest net in-flow for the day. Energizer Holdings traded down ($0.49) for the day and closed at $51.55
Several equities research analysts have recently weighed in on the stock. Jefferies Group increased their target price on shares of Energizer Holdings from $45.00 to $50.00 and gave the stock a “hold” rating in a research note on Wednesday, May 25th. Citigroup Inc. restated a “buy” rating and issued a $49.00 price objective (up previously from $41.00) on shares of Energizer Holdings in a research report on Thursday, April 7th. Goldman Sachs Group Inc. upgraded shares of Energizer Holdings from a “neutral” rating to a “buy” rating and raised their price objective for the company from $38.00 to $49.00 in a research report on Monday, April 4th. Finally, Zacks Investment Research downgraded shares of Energizer Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $50.14.
The company has a market capitalization of $3.19 billion and a P/E ratio of 37.57. The stock’s 50-day moving average price is $48.48 and its 200 day moving average price is $41.16.
Energizer Holdings (NYSE:ENR) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.09. During the same quarter in the previous year, the business posted $1.97 EPS. The company earned $334 million during the quarter, compared to analyst estimates of $314.26 million. The company’s revenue was down 6.4% compared to the same quarter last year. Equities analysts anticipate that Energizer Holdings Inc. will post $2.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 20th. Shareholders of record on Tuesday, May 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, May 26th.
Several hedge funds and institutional investors have modified their holdings of the stock. DIAM Co. Ltd. raised its position in shares of Energizer Holdings by 15.2% in the fourth quarter. DIAM Co. Ltd. now owns 42,300 shares of the company’s stock valued at $1,500,000 after buying an additional 5,583 shares during the period. Neuberger Berman Group LLC raised its position in shares of Energizer Holdings by 14.5% in the fourth quarter. Neuberger Berman Group LLC now owns 528,237 shares of the company’s stock valued at $17,992,000 after buying an additional 66,969 shares during the period. California State Teachers Retirement System raised its position in shares of Energizer Holdings by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 118,955 shares of the company’s stock valued at $4,052,000 after buying an additional 1,851 shares during the period. Sei Investments Co. raised its position in shares of Energizer Holdings by 135.4% in the fourth quarter. Sei Investments Co. now owns 138,227 shares of the company’s stock valued at $4,708,000 after buying an additional 79,515 shares during the period. Finally, Comerica Bank raised its position in shares of Energizer Holdings by 1.0% in the fourth quarter. Comerica Bank now owns 43,930 shares of the company’s stock valued at $1,404,000 after buying an additional 453 shares during the period.
Energizer Holdings, Inc, formerly Energizer SpinCo, Inc, manufactures and markets batteries and portable lighting products. The Company is focused on household products business. The Company’s brands include Energizer and Eveready. In addition to the Energizer and Eveready brands, the Company also markets its flashlights under the Hard Case, Dolphin, and Weather Ready sub-brands.
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