Short Interest in Energizer Holdings, Inc. (NYSE:ENR) Declines By 6.2%

Energizer Holdings, Inc. (NYSE:ENR) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 2,580,000 shares, a drop of 6.2% from the October 31st total of 2,750,000 shares. Based on an average daily trading volume, of 676,900 shares, the days-to-cover ratio is presently 3.8 days. Currently, 4.0% of the company’s stock are sold short.

Insider Activity

In other Energizer news, EVP Robin Vauth sold 4,070 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the completion of the sale, the executive vice president now owns 9,827 shares in the company, valued at $374,998.32. This trade represents a 29.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction on Friday, November 22nd. The stock was 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 of the company’s stock, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,860 shares of company stock worth $334,694. 0.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Energizer

Large investors have recently bought and sold shares of the stock. M&G Plc grew its position in Energizer by 33.0% during the second quarter. M&G Plc now owns 237,337 shares of the company’s stock valued at $7,120,000 after purchasing an additional 58,933 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Energizer by 220.3% during the first quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock worth $880,000 after acquiring an additional 20,567 shares in the last quarter. Seizert Capital Partners LLC boosted its position in Energizer by 29.0% during the third quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company’s stock valued at $5,773,000 after purchasing an additional 40,891 shares during the last quarter. Clarkston Capital Partners LLC increased its stake in shares of Energizer by 12.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after purchasing an additional 533,831 shares during the last quarter. Finally, Gabelli Funds LLC raised its holdings in Energizer by 6.1% during the second quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock valued at $11,363,000 after buying an additional 22,100 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ENR. Truist Financial increased their price target on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $34.00 to $36.00 in a report on Wednesday, November 20th. Canaccord Genuity Group increased their target price on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Energizer from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. Finally, Morgan Stanley increased their price objective on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $37.63.

Energizer Stock Performance

Shares of NYSE ENR opened at $38.72 on Wednesday. The stock has a 50 day simple moving average of $33.66 and a 200-day simple moving average of $31.11. 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 company has a market cap of $2.78 billion, a PE ratio of 74.46 and a beta of 1.06. Energizer has a 12-month low of $26.92 and a 12-month high of $39.51.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.10%. The ex-dividend date is Wednesday, November 27th. Energizer’s payout ratio is currently 230.77%.

Energizer Company Profile

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.