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.
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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.
Institutional Ownership:
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.
Analysts Ratings:
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.
