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 Monday morning.

Separately, Weiss Ratings downgraded Ennis from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Ennis Stock Performance

NYSE:EBF opened at $22.25 on Monday. The firm has a market capitalization of $562.88 million, a price-to-earnings ratio of 13.32 and a beta of 0.27. Ennis has a 52-week low of $16.30 and a 52-week high of $22.40. The stock has a fifty day moving average of $21.14 and a 200 day moving average of $20.83.

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

Ennis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Friday, July 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, July 10th. Ennis’s payout ratio is presently 59.88%.

Hedge Funds Weigh In On Ennis

Several institutional investors and hedge funds have recently made changes to their positions in the business. MBM Wealth Consultants LLC purchased a new position in Ennis in the 1st quarter worth $27,000. EverSource Wealth Advisors LLC boosted its position in Ennis by 1,037.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,390 shares during the period. WealthCollab LLC grew its stake in shares of Ennis by 180.9% during the fourth quarter. WealthCollab LLC now owns 1,809 shares of the industrial products company’s stock valued at $33,000 after buying an additional 1,165 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Ennis by 56.8% during the second quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock valued at $45,000 after buying an additional 890 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Ennis in the fourth quarter worth about $51,000. Institutional investors own 74.33% of the company’s stock.

About Ennis

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.