Ennis (NYSE:EBF) Downgraded to Hold Rating by Wall Street Zen

Ennis (NYSE:EBF) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings upgraded shares of Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Ennis has a consensus rating of “Buy”.

Ennis Stock Performance

Shares of EBF opened at $21.50 on Friday. The company has a market cap of $544.08 million, a price-to-earnings ratio of 12.88 and a beta of 0.27. The stock has a fifty day moving average price of $20.62 and a two-hundred day moving average price of $20.30. Ennis has a 52-week low of $16.30 and a 52-week high of $22.36.

Ennis (NYSE:EBF) last announced its earnings results on Monday, June 22nd. The industrial products company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Ennis had a return on equity of 13.89% and a net margin of 10.84%.The company had revenue of $98.61 million for the quarter, compared to analysts’ expectations of $98.20 million. During the same quarter in the prior year, the business earned $0.38 earnings per share.

Hedge Funds Weigh In On Ennis

Hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in Ennis by 3.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,700,919 shares of the industrial products company’s stock worth $30,617,000 after purchasing an additional 55,500 shares during the last quarter. Royce & Associates LP lifted its position in Ennis by 4.1% during the 4th quarter. Royce & Associates LP now owns 1,300,634 shares of the industrial products company’s stock valued at $23,424,000 after purchasing an additional 51,634 shares during the period. American Century Companies Inc. boosted its stake in shares of Ennis by 0.3% in the 3rd quarter. American Century Companies Inc. now owns 801,901 shares of the industrial products company’s stock valued at $14,659,000 after purchasing an additional 2,453 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Ennis by 23.8% in the 1st quarter. SG Americas Securities LLC now owns 23,306 shares of the industrial products company’s stock valued at $499,000 after purchasing an additional 4,477 shares during the last quarter. Finally, DGS Capital Management LLC grew its position in shares of Ennis by 67.8% during the 1st quarter. DGS Capital Management LLC now owns 19,450 shares of the industrial products company’s stock worth $417,000 after buying an additional 7,859 shares during the period. Institutional investors own 74.33% of the company’s stock.

Ennis Company Profile

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.