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 report issued on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, Ennis has an average rating of “Hold”.

Ennis Price Performance

NYSE EBF opened at $22.19 on Friday. The firm has a market capitalization of $561.83 million, a price-to-earnings ratio of 14.50 and a beta of 0.26. The company’s fifty day moving average is $21.88 and its two-hundred day moving average is $21.30. Ennis has a 52-week low of $16.30 and a 52-week high of $22.94.

Ennis (NYSE:EBF) last announced its quarterly earnings data on Monday, September 21st. The industrial products company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $102.01 million for the quarter, compared to analyst estimates of $99.85 million. Ennis had a net margin of 9.81% and a return on equity of 12.58%.

Ennis Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 9th will be given a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 4.7%. This is a boost from Ennis’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, October 9th. Ennis’s dividend payout ratio (DPR) is presently 68.63%.

Institutional Investors Weigh In On Ennis

Hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC bought a new position in shares of Ennis in the second quarter worth about $397,000. Corient Private Wealth LP acquired a new position in shares of Ennis during the second quarter worth approximately $232,000. Compass Financial Management LLC bought a new stake in shares of Ennis during the second quarter valued at approximately $27,000. Empowered Funds LLC bought a new stake in shares of Ennis during the second quarter valued at approximately $454,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Ennis during the second quarter valued at approximately $25,000. 74.33% of the stock is owned by institutional investors and hedge funds.

Ennis Company Profile

Ennis, Inc (NYSE: EBF) is a manufacturer and supplier of printed business products and apparel. The company produces forms, envelopes, labels, tags, checks, presentation folders, snap-apart forms and other specialty printed materials for commercial and business use.

Ennis also offers apparel and promotional products, including screen-printed and embroidered garments, as well as related products sold through distributors and resellers. Its product portfolio serves businesses, organizations and other end users that require customized print, apparel and branded merchandise.

Founded in 1909 and headquartered in Midlothian, Texas, Ennis operates primarily through a network of manufacturing and distribution facilities in the United States.