Energizer Holdings, Inc. (NYSE:ENR – Get Rating) saw strong growth in short-term interest in July. As of July 31, there was short interest totaling 4,720,000 shares, up 9.3% from the July 15 total of 4,320,000 shares. Based on an average daily trading volume of 652,300 shares, the short interest ratio is currently 7.2 days. Currently, 7.1% of the stock’s shares are sold short.
Wall Street analysts predict growth
Several equity research analysts have recently commented on the company. Barclays reduced its target price on Energizer from $38.00 to $36.00 and set an “overweight” rating on the stock in a Wednesday, August 10 research report. JPMorgan Chase & Co. cut its price target on Energizer from $33.00 to $32.00 in a Tuesday, August 9 report. Citigroup raised its price target on Energizer from $32.00 to $36.00 in a Tuesday, May 10 research note. Finally, Morgan Stanley downgraded Energizer from an “overweight” rating to an “equally weighted” rating and set a price target of $35.00 for the company. in a Wednesday, August 10 research report. Four investment analysts gave the stock a hold rating and one gave the stock a buy rating. According to MarketBeat, Energizer currently has an average rating of “Hold” and an average target price of $36.00.
Energizing stock up to 0.5%
ENR opened at $32.11 on Wednesday. Energizer has a 12 month minimum of $25.17 and a 12 month maximum of $41.62. The company has a market capitalization of $2.29 billion, a P/E ratio of 10.81 and a beta of 0.98. The company has a current ratio of 2.12, a quick ratio of 0.96 and a debt ratio of 7.09. The company’s 50-day moving average price is $29.00 and its 200-day moving average price is $30.75.
Energizer Inc (NYSE:ENR – Get Rating) last released quarterly earnings data on Monday, August 8. The company reported earnings per share of $0.77 for the quarter, beating the consensus estimate of $0.76 by $0.01. Energizer had a return on equity of 51.08% and a net margin of 7.09%. The company posted revenue of $728.00 million for the quarter, compared to $747.47 million expected by analysts. During the same period a year earlier, the company posted EPS of $0.74. The company’s revenue increased 0.9% year-over-year. On average, stock analysts expect Energizer to post EPS of 3.05 for the current year.
Energizer Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 13. Investors of record on Tuesday, August 23 will receive a dividend of $0.30. The ex-date of this dividend is Monday, August 22. This represents an annualized dividend of $1.20 and a yield of 3.74%. Energizer’s dividend payout ratio (DPR) is currently 40.40%.
Insider Trading at Energizer
In other Energizer news, Director Bill G. Armstrong sold 5,000 shares of the company in a trade dated Friday, August 12. The stock was sold at an average price of $32.14, for a total value of $160,700.00. Following completion of the transaction, the director now owns 24,065 shares of the company, valued at approximately $773,449.10. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. 0.71% of the shares are held by insiders.
Hedge funds weigh on Energizer
Several hedge funds and other institutional investors have recently increased or reduced their stakes in the company. First Republic Investment Management Inc. increased its stake in Energizer stock by 5.3% in Q2. First Republic Investment Management Inc. now owns 28,653 shares of the company worth $812,000 after buying 1,433 additional shares last quarter. Price T Rowe Associates Inc. ® increased its position in Energizer stock by 6.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 41,302 shares of the company worth $1,171,000 after acquiring 2,377 additional shares during the period. AQR Capital Management LLC increased its position in Energizer stock by 52.2% during the second quarter. AQR Capital Management LLC now owns 661,729 shares of the company worth $18,469,000 after acquiring an additional 227,071 shares during the period. PDT Partners LLC increased its equity stake in Energizer by 185.0% during the second quarter. PDT Partners LLC now owns 30,657 shares of the company worth $869,000 after purchasing an additional 19,902 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its equity stake in Energizer by 23.7% during the second quarter. Cubist Systematic Strategies LLC now owns 71,961 shares of the company worth $2,040,000 after purchasing an additional 13,766 shares in the last quarter. 81.69% of the shares are held by institutional investors.
About the Energizer
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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 brand names, as well as primary, rechargeable, specialty and hearing aid batteries.
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