Energizer (NYSE:ENR) Shares Gap Down – Time to Sell?

Energizer Holdings, Inc. (NYSE:ENR) gapped down before the market opened on Tuesday . The stock had previously closed at $33.93, but opened at $32.29. Energizer shares last traded at $31.79, with a volume of 170,652 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Canaccord Genuity Group increased their price target on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. UBS Group lowered their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Morgan Stanley increased 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, November 20th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $38.00 price target on shares of Energizer in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Energizer has a consensus rating of “Hold” and a consensus target price of $38.38.

Energizer Trading Down 3.4 %

The firm’s 50-day moving average is $35.83 and its 200 day moving average is $33.05. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 63.04 and a beta of 1.06.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. Energizer had a net margin of 1.32% and a return on equity of 155.40%. On average, equities analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.66%. Energizer’s dividend payout ratio is currently 230.77%.

Insider Activity

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the sale, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robin Vauth sold 4,070 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total transaction of $155,311.20. Following the sale, the executive vice president now owns 9,827 shares of the company’s stock, valued at $374,998.32. This trade represents a 29.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,860 shares of company stock worth $334,694 in the last quarter. 0.98% of the stock is owned by corporate insiders.

Institutional Trading of Energizer

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE increased its stake in Energizer by 1.6% during the 3rd quarter. US Bancorp DE now owns 19,593 shares of the company’s stock valued at $622,000 after purchasing an additional 308 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after acquiring an additional 356 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Energizer by 22.4% during the 3rd quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock worth $65,000 after acquiring an additional 376 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in Energizer by 4.2% during the 4th quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock worth $335,000 after acquiring an additional 392 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in Energizer by 5.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 10,226 shares of the company’s stock worth $357,000 after acquiring an additional 485 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

About Energizer

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.