Investors Buy Large Volume of Energizer Put Options (ENR)

Energizer Holdings Inc (NYSE:ENR) was the recipient of unusually large options trading on Monday. Stock traders purchased 1,142 put options on the stock. This represents an increase of approximately 1,976% compared to the typical volume of 55 put options.

In related news, VP Emily K. Boss sold 7,500 shares of the stock in a transaction dated Tuesday, February 6th. The stock was 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 owns 9,708 shares in the company, valued at $543,648. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.79% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Energizer during the 3rd quarter valued at approximately $4,743,000. Bank of New York Mellon Corp grew its holdings in Energizer by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 824,888 shares of the company’s stock valued at $37,986,000 after buying an additional 18,881 shares in the last quarter. State Street Corp grew its holdings in Energizer by 1.9% during the 2nd quarter. State Street Corp now owns 1,787,608 shares of the company’s stock valued at $85,841,000 after buying an additional 33,625 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Energizer by 425.5% in the 3rd quarter. American Century Companies Inc. now owns 641,214 shares of the company’s stock valued at $29,528,000 after purchasing an additional 519,184 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Energizer by 6.1% in the 3rd quarter. Sei Investments Co. now owns 79,806 shares of the company’s stock valued at $3,675,000 after purchasing an additional 4,614 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Several research firms recently issued reports on ENR. Zacks Investment Research upgraded Energizer from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a research report on Monday, February 5th. Royal Bank of Canada reiterated a “buy” rating and set a $65.00 target price on shares of Energizer in a research report on Thursday, February 1st. Morgan Stanley increased their target price on Energizer from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. SunTrust Banks increased their target price on Energizer to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Citigroup cut Energizer from a “buy” rating to a “neutral” rating and increased their target price for the stock from $52.00 to $64.00 in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.22.

Energizer (ENR) opened at $53.35 on Wednesday. The firm has a market capitalization of $3,200.00 and a P/E ratio of 19.83. The company has a debt-to-equity ratio of 29.02, a quick ratio of 1.39 and a current ratio of 1.90. Energizer has a 1-year low of $40.64 and a 1-year high of $62.86.

Energizer (NYSE:ENR) last released its quarterly earnings results on Wednesday, January 31st. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.12. The business had revenue of $573.30 million during the quarter, compared to analysts’ expectations of $566.50 million. Energizer had a return on equity of 274.69% and a net margin of 9.40%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 EPS. equities research analysts expect that Energizer will post 3.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, February 16th. Energizer’s dividend payout ratio is presently 43.12%.

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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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