Energizer Holdings Inc (NYSE: ENR) stock fell -2.21% on Monday to $31.47 against a previous-day closing price of $32.18. With 0.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.86 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $31.92 whereas the lowest price it dropped to was $30.96. The 52-week range on ENR shows that it touched its highest point at $37.89 and its lowest point at $27.68 during that stretch. It currently has a 1-year price target of $37.70. With its current market cap of 2.25 billion, ENR has annualized dividend of $1.23 while the current yield stands at 3.92%. Beta for the stock currently stands at 1.04.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ENR was down-trending over the past week, with a drop of -6.42%, but this was down by -1.16% over a month. Three-month performance dropped to -8.12% while six-month performance fell -9.31%. The stock lost -1.78% in the past year, while it has lost -6.20% so far this year. A look at the trailing 12-month EPS for ENR yields 1.94 with Next year EPS estimates of 3.44. For the next quarter, that number is 0.58. This implies an EPS growth rate of 3.45% for this year and 7.48% for next year. EPS is expected to grow by 8.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.97%.
Float and Shares Shorts:
At present, 71.50 million ENR shares are outstanding with a float of 66.19 million shares on hand for trading. On Oct 30, 2023, short shares totaled 4.3 million, which was 6.02% higher than short shares on Sep 28, 2023. In addition to Mr. Mark S. LaVigne as the firm’s President, CEO & Director, Mr. John J. Drabik serves as its Executive VP & CFO.
Through their ownership of 85.43% of ENR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.19% of ENR, in contrast to 30.33% held by mutual funds. Shares owned by individuals account for 2.25%. As the largest shareholder in ENR with 13.47% of the stake, BlackRock Fund Advisors holds 9,628,438 shares worth 9,628,438. A second-largest stockholder of ENR, The Vanguard Group, Inc., holds 9,093,084 shares, controlling over 12.72% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in ENR, holding 6,742,541 shares or 9.43% stake. With a 6.26% stake in ENR, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 4,472,655 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.15% of ENR stock, is the second-largest Mutual Fund holder. It holds 2,250,217 shares valued at 71.06 million. JPMorgan Mid Cap Value Fund holds 3.02% of the stake in ENR, owning 2,155,388 shares worth 68.07 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ENR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ENR analysts setting a high price target of $42.00 and a low target of $31.00, the average target price over the next 12 months is $36.00. Based on these targets, ENR could surge 33.46% to reach the target high and fall by -1.49% to reach the target low. Reaching the average price target will result in a growth of 14.39% from current levels.
Summary of Insider Activity:
Insiders traded ENR stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 443 shares were bought while 129 shares were sold. The number of buy transactions has increased to 5 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 14,687 while 989 shares were sold.