Ennis (NYSE:EBF) Upgraded by Wall Street Zen to Buy Rating

Ennis (NYSE:EBF) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Ennis in a research report on Friday, July 10th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Ennis Stock Performance

Shares of EBF opened at $21.38 on Friday. Ennis has a fifty-two week low of $16.30 and a fifty-two week high of $22.36. The company has a market capitalization of $540.91 million, a PE ratio of 12.80 and a beta of 0.27. The stock has a fifty day moving average of $20.75 and a two-hundred day moving average of $20.50.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EBF. Goldman Sachs Group Inc. lifted its position in Ennis by 72.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 632,839 shares of the industrial products company’s stock valued at $11,397,000 after buying an additional 266,533 shares in the last quarter. Royal Bank of Canada increased its position in shares of Ennis by 608.4% in the fourth quarter. Royal Bank of Canada now owns 170,356 shares of the industrial products company’s stock worth $3,068,000 after acquiring an additional 146,307 shares in the last quarter. Almitas Capital LLC purchased a new position in shares of Ennis in the 4th quarter valued at $2,503,000. Creative Planning raised its stake in shares of Ennis by 201.7% in the 3rd quarter. Creative Planning now owns 159,412 shares of the industrial products company’s stock valued at $2,914,000 after acquiring an additional 106,575 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Ennis by 7.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,220,960 shares of the industrial products company’s stock valued at $21,989,000 after acquiring an additional 82,521 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

About Ennis

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.