Maverick Capital Ltd. Raises Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Maverick Capital Ltd. boosted its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 126.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,878 shares of the company’s stock after buying an additional 33,467 shares during the period. Maverick Capital Ltd.’s holdings in Energizer were worth $1,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of ENR. Clearstead Trust LLC boosted its position in Energizer by 307.1% during the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock valued at $32,000 after purchasing an additional 820 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Energizer in the 1st quarter valued at about $64,000. Canada Pension Plan Investment Board purchased a new position in shares of Energizer in the 2nd quarter worth approximately $65,000. SG Americas Securities LLC raised its stake in shares of Energizer by 27.7% during the 1st quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock worth $125,000 after acquiring an additional 919 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in Energizer by 2,650.0% during the second quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company’s stock valued at $135,000 after acquiring an additional 4,399 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

Wall Street Analyst Weigh In

ENR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on Energizer from $28.00 to $29.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Wednesday, August 7th. Evercore ISI dropped their price target on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Truist Financial upgraded shares of Energizer from a “hold” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $40.00 in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Energizer presently has an average rating of “Hold” and an average price target of $34.38.

Energizer Price Performance

Shares of NYSE ENR opened at $31.25 on Friday. Energizer Holdings, Inc. has a 52 week low of $26.92 and a 52 week high of $36.72. The business’s 50 day moving average price is $30.22 and its 200 day moving average price is $29.39. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. The firm has a market cap of $2.24 billion, a P/E ratio of 26.26 and a beta of 1.04.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The business had revenue of $701.40 million for the quarter, compared to the consensus estimate of $704.86 million. During the same period in the prior year, the firm earned $0.54 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. On average, sell-side analysts expect that Energizer Holdings, Inc. will post 3.27 earnings per share for the current year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.84%. Energizer’s 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.