Ennis (NYSE:EBF) Rating Lowered to “Buy” at StockNews.com

StockNews.com downgraded shares of Ennis (NYSE:EBF) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday morning.

Ennis Trading Down 0.6 %

Shares of EBF opened at $20.23 on Tuesday. The stock’s 50 day moving average is $22.79 and its two-hundred day moving average is $21.99. The firm has a market capitalization of $526.06 million, a PE ratio of 12.80 and a beta of 0.40. Ennis has a twelve month low of $18.88 and a twelve month high of $25.75.

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

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.00 annualized dividend and a dividend yield of 4.94%. Ennis’s dividend payout ratio is presently 63.29%.

Institutional Trading of Ennis

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its stake in shares of Ennis by 6.9% during the first quarter. Commonwealth Equity Services LLC now owns 27,579 shares of the industrial products company’s stock valued at $566,000 after buying an additional 1,792 shares during the period. BNP Paribas Financial Markets raised its holdings in Ennis by 69.4% in the first quarter. BNP Paribas Financial Markets now owns 16,109 shares of the industrial products company’s stock valued at $330,000 after buying an additional 6,600 shares during the period. Janney Montgomery Scott LLC lifted its position in Ennis by 7.3% during the first quarter. Janney Montgomery Scott LLC now owns 33,276 shares of the industrial products company’s stock valued at $682,000 after buying an additional 2,273 shares in the last quarter. Empowered Funds LLC grew its stake in Ennis by 8.9% during the first quarter. Empowered Funds LLC now owns 117,621 shares of the industrial products company’s stock worth $2,412,000 after buying an additional 9,615 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new position in Ennis in the first quarter valued at about $246,000. Hedge funds and other institutional investors own 74.33% of the company’s stock.

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.