Insider Buying: Energizer Holdings Inc (NYSE:ENR) VP Buys $99,852.50 in Stock

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Energizer Holdings Inc (NYSE:ENR) VP Emily K. Boss acquired 2,750 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $36.31 per share, for a total transaction of $99,852.50. Following the completion of the transaction, the vice president now owns 26,742 shares in the company, valued at $971,002.02. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NYSE ENR opened at $35.30 on Thursday. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 11.89, a P/E/G ratio of 6.70 and a beta of 0.55. Energizer Holdings Inc has a one year low of $32.54 and a one year high of $65.06. The stock’s fifty day moving average is $39.15. The company has a quick ratio of 1.40, a current ratio of 1.88 and a debt-to-equity ratio of 6.12.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, August 6th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). The company had revenue of $647.20 million for the quarter, compared to analysts’ expectations of $673.50 million. Energizer had a return on equity of 60.51% and a net margin of 0.29%. Energizer’s revenue for the quarter was up 64.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. As a group, equities research analysts forecast that Energizer Holdings Inc will post 2.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.40%. Energizer’s payout ratio is currently 35.61%.

Several hedge funds and other institutional investors have recently modified their holdings of ENR. Invesco Ltd. boosted its position in shares of Energizer by 142.2% during the 2nd quarter. Invesco Ltd. now owns 1,778,836 shares of the company’s stock worth $68,734,000 after purchasing an additional 1,044,356 shares in the last quarter. FMR LLC boosted its position in shares of Energizer by 36.0% during the 1st quarter. FMR LLC now owns 3,062,185 shares of the company’s stock worth $137,584,000 after purchasing an additional 810,576 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Energizer by 164.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,254,284 shares of the company’s stock worth $48,466,000 after buying an additional 779,441 shares in the last quarter. Norges Bank purchased a new stake in shares of Energizer in the 4th quarter worth about $28,791,000. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Energizer in the 1st quarter worth about $15,425,000. Institutional investors own 88.16% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Citigroup upgraded shares of Energizer from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $54.00 in a research report on Tuesday, May 14th. Royal Bank of Canada reiterated a “buy” rating and issued a $70.00 price objective on shares of Energizer in a research report on Thursday, August 8th. Deutsche Bank upgraded shares of Energizer from a “hold” rating to a “buy” rating and lifted their price objective for the company from $38.00 to $52.00 in a research report on Wednesday, June 26th. ValuEngine upgraded shares of Energizer from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Bank of America reiterated an “underperform” rating and issued a $35.00 price objective (down from $40.00) on shares of Energizer in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.58.

Energizer Company Profile

Energizer Holdings, Inc manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings was founded in 2000 and is headquartered in St. Louis, MO.

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