Ennis (EBF) Now Covered by Analysts at Buckingham Research

Buckingham Research started coverage on shares of Ennis (NYSE:EBF) in a research report report published on Monday. The brokerage issued a neutral rating and a $20.00 price objective on the industrial products company’s stock.

Shares of EBF stock opened at $18.75 on Monday. Ennis has a 12 month low of $16.10 and a 12 month high of $21.50. The company has a market cap of $477.22 million, a price-to-earnings ratio of 14.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.52 and a quick ratio of 4.63.

Ennis (NYSE:EBF) last announced its earnings results on Tuesday, April 24th. The industrial products company reported $0.32 EPS for the quarter. Ennis had a net margin of 8.89% and a return on equity of 12.73%. The business had revenue of $87.09 million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 3rd. Shareholders of record on Friday, July 6th will be issued a dividend of $0.225 per share. This is a boost from Ennis’s previous quarterly dividend of $0.20. This represents a $0.90 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Thursday, July 5th.

A number of hedge funds have recently made changes to their positions in EBF. Schwab Charles Investment Management Inc. increased its stake in shares of Ennis by 8.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 239,255 shares of the industrial products company’s stock worth $4,965,000 after purchasing an additional 17,676 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Ennis by 12.4% in the fourth quarter. California Public Employees Retirement System now owns 62,303 shares of the industrial products company’s stock worth $1,293,000 after purchasing an additional 6,879 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Ennis by 13.3% in the fourth quarter. First Trust Advisors LP now owns 22,752 shares of the industrial products company’s stock worth $472,000 after purchasing an additional 2,673 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Ennis by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 2,239,316 shares of the industrial products company’s stock worth $46,466,000 after purchasing an additional 90,225 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Ennis by 1.8% in the fourth quarter. BlackRock Inc. now owns 1,742,319 shares of the industrial products company’s stock worth $36,153,000 after purchasing an additional 31,053 shares in the last quarter. 82.87% of the stock is owned by institutional investors and hedge funds.

About Ennis

Ennis, Inc designs, 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, Specialized Printed Forms, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Hoosier Data Forms, Hayes Graphics, and Independent Printing brand names.

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