Ennis (NYSE:EBF) Sets New 1-Year High – What’s Next?

Shares of Ennis, Inc. (NYSE:EBF) hit a new 52-week high on Monday . The company traded as high as $21.74 and last traded at $21.3940, with a volume of 321 shares changing hands. The stock had previously closed at $21.32.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EBF. Wall Street Zen raised Ennis from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ennis in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Ennis currently has a consensus rating of “Hold”.

Ennis Stock Performance

The company has a market cap of $548.23 million, a P/E ratio of 13.06 and a beta of 0.35. The firm’s 50-day simple moving average is $20.54 and its 200 day simple moving average is $18.70.

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Monday, April 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, April 13th. This represents a $1.00 dividend on an annualized basis and a yield of 4.6%. Ennis’s dividend payout ratio (DPR) is presently 60.24%.

Institutional Trading of Ennis

Hedge funds have recently made changes to their positions in the business. Unison Advisors LLC boosted its stake in shares of Ennis by 1.4% during the 3rd quarter. Unison Advisors LLC now owns 45,087 shares of the industrial products company’s stock worth $824,000 after acquiring an additional 603 shares during the period. Cetera Investment Advisers lifted its holdings in Ennis by 4.6% during the 2nd quarter. Cetera Investment Advisers now owns 14,417 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 633 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Ennis by 0.4% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 177,963 shares of the industrial products company’s stock worth $3,253,000 after purchasing an additional 723 shares during the period. Franklin Resources Inc. increased its holdings in shares of Ennis by 4.5% in the third quarter. Franklin Resources Inc. now owns 20,294 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 874 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Ennis by 56.8% in the second quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 890 shares during the period. 74.33% of the stock is owned by institutional investors and hedge funds.

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.