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

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

Ennis Price Performance

Ennis stock opened at $20.23 on Tuesday. Ennis has a 12 month low of $18.88 and a 12 month high of $25.75. The company has a fifty day moving average price of $22.79 and a two-hundred day moving average price of $21.99. The company has a market cap of $526.06 million, a PE ratio of 12.80 and a beta of 0.40.

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

Ennis Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Unison Advisors LLC lifted its holdings in Ennis by 1.1% in the 3rd quarter. Unison Advisors LLC now owns 38,454 shares of the industrial products company’s stock worth $935,000 after purchasing an additional 435 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Ennis by 5.2% during the second quarter. The Manufacturers Life Insurance Company now owns 10,786 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 534 shares during the period. EMC Capital Management grew its position in shares of Ennis by 10.9% in the first quarter. EMC Capital Management now owns 9,848 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 971 shares during the last quarter. CWM LLC increased its stake in shares of Ennis by 30.9% in the third quarter. CWM LLC now owns 5,039 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 1,190 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Ennis by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 339,928 shares of the industrial products company’s stock worth $7,441,000 after purchasing an additional 1,254 shares during the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

About Ennis

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.