Barrington Research Reaffirms “Outperform” Rating for Cimpress (NASDAQ:CMPR)

Barrington Research reiterated their outperform rating on shares of Cimpress (NASDAQ:CMPR) in a research report sent to investors on Wednesday morning,Benzinga reports. Barrington Research currently has a $119.00 price objective on the business services provider’s stock.

A number of other brokerages have also recently weighed in on CMPR. Truist Financial dropped their price target on Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

Cimpress Trading Down 5.2 %

Shares of Cimpress stock opened at $66.48 on Wednesday. Cimpress has a 52 week low of $58.05 and a 52 week high of $104.92. The company’s 50-day moving average price is $75.23 and its two-hundred day moving average price is $81.26. The stock has a market cap of $1.67 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.68 and a beta of 2.09.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.27%. On average, equities analysts predict that Cimpress will post 4.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Cimpress

Several institutional investors and hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC boosted its position in Cimpress by 5.2% during the third quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock valued at $233,253,000 after purchasing an additional 140,899 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in Cimpress by 6.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after acquiring an additional 26,727 shares during the last quarter. Hantz Financial Services Inc. grew its position in Cimpress by 9.1% in the fourth quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock worth $11,403,000 after acquiring an additional 13,297 shares in the last quarter. Hennessy Advisors Inc. increased its stake in shares of Cimpress by 6.9% during the 4th quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock worth $7,918,000 after purchasing an additional 7,100 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Cimpress by 42.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider’s stock valued at $8,055,000 after purchasing an additional 29,484 shares in the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Cimpress Company Profile

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.