StockNews.com Upgrades Ennis (NYSE:EBF) to “Strong-Buy”

StockNews.com upgraded shares of Ennis (NYSE:EBF) from a buy rating to a strong-buy rating in a research note released on Thursday morning.

Ennis Stock Performance

Ennis stock opened at $20.66 on Thursday. The business’s 50-day simple moving average is $21.03 and its 200-day simple moving average is $22.13. Ennis has a 52 week low of $18.88 and a 52 week high of $25.75. The firm has a market capitalization of $537.29 million, a PE ratio of 12.99 and a beta of 0.41.

Ennis (NYSE:EBF) last issued its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Ennis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.00 annualized dividend and a yield of 4.84%. Ennis’s dividend payout ratio is 62.89%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EBF. Geode Capital Management LLC grew its position in Ennis by 5.4% during the third quarter. Geode Capital Management LLC now owns 706,924 shares of the industrial products company’s stock worth $17,195,000 after buying an additional 36,187 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Ennis by 74.5% during the 2nd quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company’s stock worth $5,870,000 after purchasing an additional 114,516 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Ennis by 282.8% during the third quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company’s stock valued at $6,103,000 after purchasing an additional 185,373 shares during the period. Barclays PLC raised its stake in shares of Ennis by 35.7% in the third quarter. Barclays PLC now owns 128,298 shares of the industrial products company’s stock valued at $3,120,000 after purchasing an additional 33,748 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Ennis by 84.9% in the third quarter. Creative Planning now owns 57,093 shares of the industrial products company’s stock valued at $1,389,000 after purchasing an additional 26,207 shares in the last quarter. Institutional investors and hedge funds 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.