Fox Run Management L.L.C. Decreases Stock Position in Energizer Holdings, Inc. (NYSE:ENR)

Fox Run Management L.L.C. decreased its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 7.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 15,482 shares of the company’s stock after selling 1,269 shares during the period. Fox Run Management L.L.C.’s holdings in Energizer were worth $540,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ENR. KLP Kapitalforvaltning AS purchased a new stake in Energizer during the 4th quarter worth approximately $488,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Energizer during the fourth quarter worth $3,782,000. American Century Companies Inc. grew its holdings in shares of Energizer by 10.6% during the fourth quarter. American Century Companies Inc. now owns 146,849 shares of the company’s stock valued at $5,124,000 after buying an additional 14,134 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Energizer by 12.9% in the 4th quarter. Teacher Retirement System of Texas now owns 60,725 shares of the company’s stock valued at $2,119,000 after acquiring an additional 6,915 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in Energizer in the 4th quarter worth $112,000. Institutional investors and hedge funds own 93.74% of the company’s stock.

Wall Street Analyst Weigh In

ENR has been the topic of several research analyst reports. UBS Group dropped their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. dropped their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $38.00 price target on shares of Energizer in a research report on Thursday, January 30th. Finally, StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.38.

Energizer Price Performance

NYSE:ENR opened at $29.30 on Wednesday. The company has a 50 day moving average price of $31.79 and a 200-day moving average price of $33.09. Energizer Holdings, Inc. has a 1-year low of $26.92 and a 1-year high of $39.52. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 37.09 and a beta of 1.09. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The business had revenue of $731.70 million during the quarter, compared to the consensus estimate of $726.23 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Thursday, February 20th. Energizer’s dividend payout ratio (DPR) is presently 151.90%.

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.