Mark Lavigne, President and CEO of Energizer Holdings (ENR), recently bought 4,000 shares. The buy came to a total cost of $86,680, and increased his position by 1%.
This marks the first insider buy since February 2024, when a company director bought 5,000 shares for just over $152,000. Otherwise, a few company insiders have been sellers of shares over the past year, with sales in the $71,000 to $148,000 range.
Overall, Energizer Holdings insiders own 9.4% of shares.
The battery manufacturer is down nearly 30% over the past year. That’s far worse than the company’s flat revenue growth, and 13% drop in earnings growth, but reflects investor fears of a slowing economy and consumer drive towards generic products rather than branded ones.
Today, shares trade at about 29 times earnings but a much more attractive 6 times forward earnings. And Energizer trades at 0.5 times its price to sales, a sign of a strong valuation here.
Action to take: Energizer is one of several oligopoly firms in the battery space. Value investors may like shares here, with shares starting to bounce off a 52-week low.
At current prices, Energizer also pays a 5.6% dividend.
For traders, the August $30 calls, last trading for about $0.35, could see high double-digit returns if the current move higher holds over the coming months.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any company mentioned in this article.