Wall Street Zen Downgrades Ennis (NYSE:EBF) to Hold

Ennis (NYSE:EBF) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings raised shares of Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Ennis Stock Performance

EBF opened at $20.32 on Friday. The stock has a market capitalization of $513.99 million, a price-to-earnings ratio of 12.24 and a beta of 0.31. The company has a fifty day moving average of $21.15 and a 200 day moving average of $19.15. Ennis has a fifty-two week low of $16.30 and a fifty-two week high of $22.36.

Ennis (NYSE:EBF) last posted its earnings results on Monday, April 20th. The industrial products company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). The company had revenue of $96.36 million for the quarter, compared to analysts’ expectations of $95.10 million. Ennis had a net margin of 10.86% and a return on equity of 14.03%.

Hedge Funds Weigh In On Ennis

Several institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its stake in shares of Ennis by 3.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,700,919 shares of the industrial products company’s stock worth $30,617,000 after buying an additional 55,500 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Ennis in the 3rd quarter worth $958,000. Alps Advisors Inc. grew its stake in shares of Ennis by 28.2% in the 3rd quarter. Alps Advisors Inc. now owns 202,004 shares of the industrial products company’s stock worth $3,693,000 after buying an additional 44,447 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of Ennis by 185.9% in the 3rd quarter. GSA Capital Partners LLP now owns 42,491 shares of the industrial products company’s stock worth $777,000 after buying an additional 27,630 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Ennis in the 3rd quarter worth $633,000. 74.33% of the stock is owned by hedge funds and other 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.