Energizer (NYSE:ENR) Sets New 1-Year High – Should You Buy?

Energizer Holdings, Inc. (NYSE:ENR) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $34.29 and last traded at $34.17, with a volume of 108873 shares. The stock had previously closed at $33.92.

Wall Street Analysts Forecast Growth

ENR has been the subject of a number of recent research reports. Evercore ISI dropped their target price on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Truist Financial raised shares of Energizer from a “hold” rating to a “buy” rating and upped their price objective for the company from $30.00 to $40.00 in a research note on Tuesday, August 27th. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Barclays upped their price target on shares of Energizer from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $35.00.

Energizer Stock Performance

The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99. The company’s 50-day moving average price is $31.55 and its 200 day moving average price is $30.43. The stock has a market capitalization of $2.45 billion, a PE ratio of 243.93 and a beta of 1.04.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.20 annualized dividend and a yield of 3.51%. Energizer’s payout ratio is 857.14%.

Hedge Funds Weigh In On Energizer

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENR. Neo Ivy Capital Management bought a new stake in shares of Energizer in the 3rd quarter worth approximately $30,000. Barclays PLC increased its holdings in shares of Energizer by 100.9% in the 3rd quarter. Barclays PLC now owns 139,890 shares of the company’s stock worth $4,443,000 after purchasing an additional 70,254 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in Energizer by 125.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 27,095 shares of the company’s stock worth $861,000 after buying an additional 15,095 shares during the last quarter. Zacks Investment Management bought a new position in Energizer during the 3rd quarter valued at about $3,910,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Energizer by 1.5% during the 3rd quarter. Wellington Management Group LLP now owns 483,503 shares of the company’s stock valued at $15,356,000 after acquiring an additional 7,164 shares during the last quarter. Hedge funds and other 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.