Short Interest in Energizer Holdings, Inc. (NYSE:ENR) Drops By 13.5%

Energizer Holdings, Inc. (NYSE:ENR) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 3,000,000 shares, a drop of 13.5% from the April 30th total of 3,470,000 shares. Based on an average daily trading volume, of 526,000 shares, the days-to-cover ratio is presently 5.7 days. Currently, 4.6% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ENR shares. UBS Group boosted their target price on shares of Energizer from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Truist Financial reduced their target price on shares of Energizer from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Morgan Stanley upgraded shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price target on the stock in a research report on Wednesday, May 8th. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, Barclays dropped their price target on shares of Energizer from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Energizer presently has an average rating of “Hold” and a consensus price target of $32.57.

Hedge Funds Weigh In On Energizer

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENR. EMC Capital Management raised its position in shares of Energizer by 18.3% in the 1st quarter. EMC Capital Management now owns 8,529 shares of the company’s stock worth $251,000 after purchasing an additional 1,317 shares during the last quarter. Comerica Bank increased its holdings in Energizer by 16.0% in the 1st quarter. Comerica Bank now owns 60,595 shares of the company’s stock worth $1,784,000 after buying an additional 8,366 shares in the last quarter. Tidal Investments LLC increased its holdings in Energizer by 220.3% in the 1st quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock worth $880,000 after buying an additional 20,567 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Energizer by 5.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 47,068 shares of the company’s stock worth $1,386,000 after buying an additional 2,536 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in Energizer by 5.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,309,920 shares of the company’s stock worth $38,564,000 after buying an additional 71,595 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Energizer Price Performance

NYSE ENR traded up $0.19 on Friday, reaching $28.62. 721,572 shares of the company’s stock traded hands, compared to its average volume of 528,645. Energizer has a 12 month low of $26.92 and a 12 month high of $37.32. The company has a debt-to-equity ratio of 16.86, a current ratio of 2.03 and a quick ratio of 1.04. The stock has a 50-day simple moving average of $28.85 and a 200 day simple moving average of $30.17. The stock has a market cap of $2.05 billion, a PE ratio of 24.05 and a beta of 1.04.

Energizer (NYSE:ENR) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The business had revenue of $663.30 million for the quarter, compared to analysts’ expectations of $664.10 million. During the same period last year, the business earned $0.64 earnings per share. The business’s quarterly revenue was down 3.0% on a year-over-year basis. As a group, research analysts predict that Energizer will post 3.22 earnings per share for the current year.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Tuesday, May 21st. Energizer’s dividend payout ratio is currently 100.84%.

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.