StockNews.com Downgrades Ennis (NYSE:EBF) to Buy

StockNews.com lowered shares of Ennis (NYSE:EBF) from a strong-buy rating to a buy rating in a report issued on Wednesday.

Ennis Price Performance

Shares of EBF stock opened at $21.42 on Wednesday. Ennis has a 1-year low of $18.88 and a 1-year high of $25.75. The company has a market cap of $556.88 million, a price-to-earnings ratio of 13.54 and a beta of 0.41. The stock has a 50 day simple moving average of $21.39 and a 200-day simple moving average of $22.22.

Ennis (NYSE:EBF) last issued its quarterly earnings results on Monday, September 23rd. The industrial products company reported $0.40 EPS for the quarter. The company had revenue of $99.04 million during the quarter. Ennis had a net margin of 10.15% and a return on equity of 11.64%.

Ennis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Friday, October 11th. Ennis’s dividend payout ratio is presently 63.29%.

Institutional Investors Weigh In On Ennis

Several large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in shares of Ennis in the second quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ennis in the 2nd quarter valued at $54,000. FMR LLC lifted its holdings in Ennis by 34.6% in the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 855 shares in the last quarter. CWM LLC boosted its stake in Ennis by 97.0% during the 2nd quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 1,895 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Ennis during the third quarter worth $103,000. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

Ennis Company Profile

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.