Victory Capital Management Inc. Trims Stake in Energizer Holdings, Inc. (NYSE:ENR)

Victory Capital Management Inc. lowered its position in Energizer Holdings, Inc. (NYSE:ENR – Get Rating) by 53.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 447,297 shares of the company’s stock after selling 509,249 shares during the quarter. Victory Capital Management Inc. owned about 0.63% of Energizer worth $16,595,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in ENR. Clarkston Capital Partners LLC purchased a new position in Energizer in the 3rd quarter worth about $95,137,000. Armistice Capital LLC grew its holdings in Energizer by 103.1% during the 3rd quarter. Armistice Capital LLC now owns 1,552,000 shares of the company’s stock worth $39,017,000 after acquiring an additional 788,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in Energizer by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 7,147,097 shares of the company’s stock worth $219,845,000 after acquiring an additional 430,866 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Energizer by 115.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 553,681 shares of the company’s stock worth $15,697,000 after acquiring an additional 297,086 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Energizer by 18.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,156,737 shares of the company’s stock worth $29,080,000 after acquiring an additional 182,243 shares in the last quarter. Hedge funds and other institutional investors own 88.05% of the company’s stock.

Energizer Stock Down 0.3 %

ENR stock opened at $34.70 on Tuesday. The firm has a 50 day moving average of $33.39 and a 200 day moving average of $34.17. The stock has a market capitalization of $2.48 billion, a PE ratio of -11.09 and a beta of 1.01. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 23.01. Energizer Holdings, Inc. has a 52 week low of $24.81 and a 52 week high of $37.89.

Energizer (NYSE:ENR – Get Rating) last released its earnings results on Monday, May 8th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.12. The company had revenue of $684.10 million during the quarter, compared to analysts’ expectations of $685.30 million. Energizer had a negative net margin of 7.46% and a positive return on equity of 93.37%. Energizer’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. Sell-side analysts forecast that Energizer Holdings, Inc. will post 3.15 earnings per share for the current year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Monday, May 22nd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Friday, May 19th. Energizer’s dividend payout ratio is presently -38.34%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of Energizer from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Tuesday, February 7th. UBS Group lowered their price target on shares of Energizer from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, April 6th. TheStreet upgraded shares of Energizer from a “d+” rating to a “c” rating in a report on Monday, February 6th. Barclays raised their price target on shares of Energizer from $38.00 to $42.00 in a report on Wednesday, May 10th. Finally, StockNews.com upgraded shares of Energizer from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Energizer currently has an average rating of “Hold” and an average target price of $36.50.

Energizer Company Profile

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Energizer Holdings, Inc engages in the manufacturing, marketing, and distribution of household batteries, specialty batteries, and lighting products. The firm is also involved in designing and marketing automotive appearance, performance, refrigerant, and freshener products. It operates under the Battery and Lights, and Auto Care segments.