Energizer Holdings Inc. (ENR): Today's Featured Consumer Goods Laggard

Energizer Holdings ( ENR) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Energizer Holdings fell $7.34 (-9.4%) to $70.43 on heavy volume. Throughout the day, 2.2 million shares of Energizer Holdings exchanged hands as compared to its average daily volume of 529,100 shares. The stock ranged in price between $69.87-$72.79 after having opened the day at $71.82 as compared to the previous trading day's close of $77.77. Other company's within the Consumer Goods sector that declined today were: True Religion Apparel ( TRLG), down 16.5%, Meritor ( MTOR), down 9.6%, Heelys ( HLYS), down 6.7%, and Tumi Holdings ( TUMI), down 4.7%.

Energizer Holdings, Inc. engages in the manufacture and sale of primary batteries, portable lighting, and personal care products worldwide. It offers household and specialty batteries, including carbon zinc, alkaline, rechargeable, and lithium batteries. Energizer Holdings has a market cap of $5.11 billion and is part of the consumer non-durables industry. The company has a P/E ratio of 15.8, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 0.9% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Energizer Holdings a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Energizer Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

On the positive front, ATC Venture Group ( ATC), up 26.4%, Resolute Forest Products ( RFP), up 19.6%, Rogers Corporation ( ROG), up 13.6%, and Coldwater Creek ( CWTR), up 10.6%, were all gainers within the consumer goods sector with Green Mountain Coffee Roasters ( GMCR) being today's featured consumer goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).
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