Energizer Holdings Inc (NYSE:ENR) was the target of unusually large options trading activity on Monday. Stock investors bought 1,142 put options on the company. This represents an increase of 1,976% compared to the average daily volume of 55 put options.
In other news, VP Emily K. Boss sold 7,500 shares of Energizer stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $56.00, for a total transaction of $420,000.00. Following the completion of the sale, the vice president now directly owns 9,708 shares in the company, valued at $543,648. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.79% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in shares of Energizer by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 3,804,646 shares of the company’s stock worth $174,519,000 after acquiring an additional 299,862 shares during the last quarter. Virtus Fund Advisers LLC lifted its position in Energizer by 23.1% during the fourth quarter. Virtus Fund Advisers LLC now owns 3,769,760 shares of the company’s stock valued at $180,873,000 after buying an additional 707,896 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Energizer by 11.3% during the third quarter. Neuberger Berman Group LLC now owns 2,993,563 shares of the company’s stock valued at $137,854,000 after buying an additional 304,730 shares in the last quarter. Franklin Resources Inc. lifted its position in Energizer by 14.8% during the fourth quarter. Franklin Resources Inc. now owns 2,412,851 shares of the company’s stock valued at $115,768,000 after buying an additional 310,878 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Energizer by 77.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,975,498 shares of the company’s stock valued at $90,972,000 after buying an additional 863,371 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors and hedge funds.
Energizer (NYSE:ENR) last released its earnings results on Wednesday, January 31st. The company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.12. Energizer had a net margin of 9.40% and a return on equity of 274.69%. The business had revenue of $573.30 million for the quarter, compared to analysts’ expectations of $566.50 million. During the same period last year, the company earned $1.51 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. research analysts expect that Energizer will post 3.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th were given a $0.29 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.16 annualized dividend and a dividend yield of 2.14%. Energizer’s dividend payout ratio is presently 43.28%.
A number of equities research analysts have recently commented on ENR shares. Morgan Stanley lifted their price target on shares of Energizer from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Deutsche Bank upgraded shares of Energizer from a “hold” rating to a “buy” rating and lowered their price target for the stock from $50.00 to $49.00 in a report on Thursday, January 4th. Zacks Investment Research upgraded shares of Energizer from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a report on Monday, February 5th. SunTrust Banks lifted their price target on shares of Energizer to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, KeyCorp set a $55.00 price target on shares of Energizer and gave the stock a “buy” rating in a report on Saturday, November 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.22.
Energizer Company Profile
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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