Ennis (NYSE:EBF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ennis (NYSE:EBF) from a hold rating to a buy rating in a research note released on Saturday morning.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Ennis in a research report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Ennis Trading Down 0.5%

Shares of NYSE EBF opened at $21.28 on Friday. The firm has a market capitalization of $538.38 million, a P/E ratio of 12.74 and a beta of 0.27. The firm’s 50-day moving average price is $20.77 and its 200-day moving average price is $20.54. Ennis has a 1-year low of $16.30 and a 1-year high of $22.36.

Ennis (NYSE:EBF) last issued its earnings results on Monday, June 22nd. The industrial products company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. Ennis had a return on equity of 13.89% and a net margin of 10.84%.The business had revenue of $98.61 million during the quarter, compared to analyst estimates of $98.20 million. During the same period in the previous year, the company posted $0.38 EPS.

Ennis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Friday, July 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.00 annualized dividend and a dividend yield of 4.7%. Ennis’s payout ratio is presently 59.88%.

Hedge Funds Weigh In On Ennis

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its holdings in shares of Ennis by 72.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 632,839 shares of the industrial products company’s stock valued at $11,397,000 after purchasing an additional 266,533 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Ennis by 608.4% during the 4th quarter. Royal Bank of Canada now owns 170,356 shares of the industrial products company’s stock worth $3,068,000 after buying an additional 146,307 shares in the last quarter. Almitas Capital LLC purchased a new position in shares of Ennis in the 4th quarter worth approximately $2,503,000. Creative Planning boosted its stake in shares of Ennis by 201.7% in the 3rd quarter. Creative Planning now owns 159,412 shares of the industrial products company’s stock worth $2,914,000 after buying an additional 106,575 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Ennis by 7.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,220,960 shares of the industrial products company’s stock valued at $21,989,000 after acquiring an additional 82,521 shares in the last quarter. 74.33% of the stock is currently owned by institutional investors.

Ennis Company Profile

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.