Do Energizer Holdings Inc. (NYSE: ENR) Fit In A Value Investing Philosophy?


The Vanguard Group, Inc. recently announced the acquisition of new stake in Energizer Holdings Inc. (NYSE:ENR). The institutional investor has increased its shareholding in the Industrials company by 1.55% to 6.02 million shares with purchase of 92098.0 shares. This fresh investment now brings its stake to 8.79% valued currently at $263.94 million. In addition, Massachusetts Financial Services. raised its holdings by 0.3 million to 2.55 million shares. And Principal Global Investors LLC has lifted its position by 9.20% or 0.18 million shares – to 2.17 million shares.

With over 0.53 million Energizer Holdings Inc. (ENR) shares trading Wednesday and a closing price of $48.01 on the day, the dollar volume was approximately $25.56 million. The shares have shown a positive weekly performance of 1.09% and its price on 07/08/20 gained nearly 1.01%. Currently, there are 69.10M common shares owned by the public and among those 58.34M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for ENR have a consensus price objective of $48.46. The analysts have set the share’s price value over the next 12 months at a high of $60.00 and a low of $33.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Energizer Holdings Inc. stock is 2.20 for the next 12 months. The average price target is 3.5% above its last price level and an upside to the estimated low will see the stock lose -45.48% over that period. But an upside of 19.98% will see the stock hit the forecast high price target while mean target price for the stock is $49.00.

Insiders at the company have transacted a total of 53 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 35 of these insider trades were purchases, accounting for 353,874 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 156,132 shares.

The top 3 mutual fund holders in Energizer Holdings Inc. are JPMorgan Mid Cap Value Fund, Virtus Ceredex Mid Cap Value Equi, and Vanguard Total Stock Market Index. JPMorgan Mid Cap Value Fund owns 2.55 million shares of the company’s stock, all valued at over $111.72 million. The company has a total holdings of about 3.72% of the shares outstanding. Virtus Ceredex Mid Cap Value Equi sold -0.3 million shares to see its total holdings shrink to 2.0 million shares valued at over $87.76 million and representing 2.92% of the shares outstanding. Vanguard Total Stock Market Index sold 1295.0 shares to bring its total holdings to over 1.79 million shares at a value of $78.63 million. Vanguard Total Stock Market Index now owns shares totaling to 2.62% of the shares outstanding.

Shares of Energizer Holdings Inc. (NYSE: ENR) opened at $47.56, up $0.03 from a prior closing price of $47.53. However, the script later closed the day at $48.01, up 1.01%. The company’s stock has a 5-day price change of 1.09% and 51.45% over the past three months. ENR shares are trading -4.40% year to date (YTD), with the 12-month market performance up to 21.08% higher. It has a 12-month low price of $26.60 and touched a high of $53.84 over the same period. Currently, 0.53 million shares have been traded, compared to an average intraday trading volume of 780.87K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.48%, 9.03%, and 8.81% respectively.

Institutional ownership of Energizer Holdings Inc. (NYSE: ENR) shares accounts for 98.80% of the company’s 69.10M shares outstanding. Mutual fund holders own 35.50%, while other institutional holders and individual stakeholders account for 61.64% and 1.95% respectively.

It has a market capitalization of $3.20B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 35.22, while the earnings-per-share (ttm) stands at $1.36. The company has a PEG of 3.49 and a Quick Ratio of 0.90 with the debt-to-equity ratio at 8.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.89% over the week and 3.38% over the month.

Analysts forecast that Energizer Holdings Inc. (ENR) will achieve an EPS of $0.57 for the current quarter, $0.99 for the next quarter and $3.32 for 2021. The lowest estimate earnings-per-share for the quarter is $0.48 while analysts give the company a high EPS estimate of $0.65. Comparatively, EPS for the current quarter was $0.37 a year ago. Earnings per share for the fiscal year are expected to decrease by -64.00%, and 18.90% over the next financial year. EPS should grow at an annualized rate of 10.10% over the next five years, compared to -21.00% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by several brokerage firm advisors rate Energizer Holdings Inc. (ENR) as a “Moderate Buy” at a consensus score of 2.20.

Looking at the support for the ENR, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on May 18, 2020, with the firm’s price target at $41-$49. CFRA coverage for the Energizer Holdings Inc. (ENR) stock in a research note released on May 07, 2020 offered a Hold rating with a price target of. Jefferies was of a view on March 30, 2020 that the stock is Hold, while Barclays gave the stock Overweight rating on February 03, 2020 $55. JP Morgan on their part issued Neutral rating on November 25, 2019.


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