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 report report published on Sunday morning.

Separately, Weiss Ratings raised shares of Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Ennis Trading Down 0.3%

NYSE EBF opened at $21.45 on Friday. The stock has a market capitalization of $542.56 million, a price-to-earnings ratio of 12.84 and a beta of 0.27. Ennis has a twelve month low of $16.30 and a twelve month high of $22.94. The stock has a 50-day moving average of $21.55 and a 200 day moving average of $21.08.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, June 22nd. The industrial products company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $98.61 million for the quarter, compared to analyst estimates of $98.20 million. Ennis had a return on equity of 13.89% and a net margin of 10.84%.During the same period last year, the company earned $0.38 earnings per share.

Ennis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Friday, July 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, July 10th. Ennis’s dividend payout ratio (DPR) is presently 59.88%.

Hedge Funds Weigh In On Ennis

Several institutional investors and hedge funds have recently bought and sold shares of EBF. Goldman Sachs Group Inc. increased its holdings in shares of Ennis by 34.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 363,680 shares of the industrial products company’s stock worth $7,306,000 after buying an additional 92,266 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Ennis in the 1st quarter valued at $319,000. Cetera Investment Advisers lifted its stake in shares of Ennis by 4.6% in the 2nd quarter. Cetera Investment Advisers now owns 14,417 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 633 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of Ennis by 399.6% during the 2nd quarter. Quantbot Technologies LP now owns 4,971 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 3,976 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Ennis by 18.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 68,511 shares of the industrial products company’s stock worth $1,243,000 after purchasing an additional 10,744 shares during the period. 74.33% of the stock is currently owned by institutional investors and hedge funds.

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.