Ennis Receives Upgrade from StockNews.com

On February 8th, 2025, StockNews.com raised their rating on Ennis, Inc. (NYSE:EBF) from a buy to a strong-buy, highlighting their positive outlook on the company in a recent research report.

Ennis Stock Performance

On the same day, shares of Ennis opened at $20.42, reflecting a decline of 1.1%. The company holds a market capitalization of approximately $531.19 million. Investors may note the company's 50-day and 200-day simple moving averages, which stand at $20.95 and $21.99, respectively. Over the last 52 weeks, the stock has fluctuated between a low of $18.88 and a high of $25.75.

Recent Earnings Results

Ennis recently reported its quarterly earnings on December 23rd. The company achieved earnings per share of $0.39, matching the market consensus. The firm also experienced a net margin of 10.35% along with a return on equity of 12.16%, indicating stable financial health.

Dividends Declared

Additionally, Ennis announced a quarterly dividend that was paid to shareholders on February 6th. Shareholders who were on record as of January 9th received a dividend of $0.25, resulting in an annualized dividend of $1.00 and a yield of 4.90%. The ex-dividend date was noted as January 10th. Currently, the company has a dividend payout ratio of 62.89%, suggesting a commitment to returning value to shareholders.

Institutional Investor Activities

Several institutional investors have made moves regarding Ennis shares recently. Unison Advisors LLC increased their holding by 1.1% in the third quarter, now owning 38,454 shares worth about $935,000. The Manufacturers Life Insurance Company raised their stake by 5.2% in the second quarter, with a current ownership of 10,786 shares valued at approximately $236,000. Similarly, GPS Wealth Strategies Group LLC increased their shares by 10.3% during the fourth quarter, bringing their total to 7,099 shares worth $150,000. Other notable increases include FMR LLC with a 34.6% increase to 3,324 shares and CWM LLC with a 30.9% increase to 5,039 shares. Overall, approximately 74.33% of Ennis's stock is held by institutional investors.

About Ennis

Ennis, Inc. is engaged in the manufacturing and selling of business forms and related products across the United States. Their diverse product line includes business stationery items such as snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, and pressure sensitive products under various brand names.

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