Energizer Sees Unusually Large Options Volume (NYSE:ENR)

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Energizer Holdings Inc (NYSE:ENR) was the recipient of unusually large options trading on Tuesday. Traders bought 2,965 put options on the stock. This is an increase of 1,006% compared to the average volume of 268 put options.

ENR has been the topic of several analyst reports. UBS Group raised Energizer from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $50.00 to $46.00 in a report on Thursday, August 22nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $70.00 target price on shares of Energizer in a report on Thursday, August 8th. Bank of America raised Energizer from an “underperform” rating to a “buy” rating and raised their target price for the stock from $35.00 to $48.00 in a report on Monday, September 9th. ValuEngine raised Energizer from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Evercore ISI reaffirmed a “buy” rating and set a $60.00 target price on shares of Energizer in a report on Wednesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $54.38.

Shares of ENR stock opened at $48.38 on Thursday. The company has a debt-to-equity ratio of 6.12, a current ratio of 1.88 and a quick ratio of 1.40. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 7.27 and a beta of 0.59. The stock has a 50 day simple moving average of $42.09 and a 200-day simple moving average of $41.48. Energizer has a 1-year low of $32.54 and a 1-year high of $58.75.

Energizer (NYSE:ENR) last announced its earnings results on Wednesday, November 13th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. Energizer had a return on equity of 60.51% and a net margin of 0.29%. The firm had revenue of $719.00 million for the quarter, compared to analyst estimates of $712.79 million. During the same quarter last year, the firm posted $0.83 EPS. The business’s revenue was up 57.3% on a year-over-year basis. Analysts anticipate that Energizer will post 2.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.48%. Energizer’s dividend payout ratio is presently 35.61%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Swiss National Bank raised its position in shares of Energizer by 13.6% during the 2nd quarter. Swiss National Bank now owns 123,525 shares of the company’s stock worth $4,773,000 after purchasing an additional 14,800 shares during the last quarter. US Bancorp DE boosted its holdings in Energizer by 7.3% in the 2nd quarter. US Bancorp DE now owns 63,760 shares of the company’s stock worth $2,463,000 after buying an additional 4,339 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Energizer in the 2nd quarter worth about $84,000. Landscape Capital Management L.L.C. acquired a new stake in Energizer in the 2nd quarter worth about $1,712,000. Finally, Point72 Asset Management L.P. increased its stake in Energizer by 1,542.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 280,600 shares of the company’s stock worth $10,842,000 after buying an additional 263,516 shares in the last quarter. 96.82% of the stock is currently owned by institutional investors and hedge funds.

About Energizer

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.

See Also: Leveraged Buyout (LBO)

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