Shares of CSS Industries Inc (NYSE:CSS) have earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation. CSS Industries’ rating score has declined by 200% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a one year consensus price target of $8.00 for the company and are predicting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also given CSS Industries an industry rank of 172 out of 255 based on the ratings given to its competitors.
A number of research firms have recently commented on CSS. Zacks Investment Research raised shares of CSS Industries from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. DA Davidson lowered shares of CSS Industries from a “buy” rating to a “neutral” rating and set a $7.48 price objective on the stock. in a research note on Tuesday, February 12th. Finally, ValuEngine raised shares of CSS Industries from a “sell” rating to a “hold” rating in a research note on Monday, April 1st.
In other news, Director Rebecca C. Matthias acquired 30,032 shares of CSS Industries stock in a transaction dated Tuesday, February 12th. The shares were bought at an average cost of $7.41 per share, with a total value of $222,537.12. Following the purchase, the director now owns 134,953 shares in the company, valued at approximately $1,000,001.73. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of CSS. Bank of America Corp DE boosted its stake in CSS Industries by 94.6% during the fourth quarter. Bank of America Corp DE now owns 21,134 shares of the specialty retailer’s stock worth $190,000 after acquiring an additional 10,276 shares in the last quarter. Macquarie Group Ltd. boosted its stake in CSS Industries by 50.3% during the third quarter. Macquarie Group Ltd. now owns 13,829 shares of the specialty retailer’s stock worth $197,000 after acquiring an additional 4,629 shares in the last quarter. Alambic Investment Management L.P. boosted its stake in CSS Industries by 106.6% during the fourth quarter. Alambic Investment Management L.P. now owns 49,415 shares of the specialty retailer’s stock worth $443,000 after acquiring an additional 25,501 shares in the last quarter. Brandes Investment Partners LP boosted its stake in CSS Industries by 16.8% during the fourth quarter. Brandes Investment Partners LP now owns 53,431 shares of the specialty retailer’s stock worth $479,000 after acquiring an additional 7,700 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in CSS Industries by 16.5% during the fourth quarter. BlackRock Inc. now owns 229,154 shares of the specialty retailer’s stock worth $2,055,000 after acquiring an additional 32,497 shares in the last quarter. 72.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE CSS opened at $6.15 on Thursday. CSS Industries has a 52-week low of $5.68 and a 52-week high of $18.49. The company has a market capitalization of $54.34 million, a price-to-earnings ratio of 5.59, a price-to-earnings-growth ratio of 3.97 and a beta of 0.64.
CSS Industries (NYSE:CSS) last announced its quarterly earnings results on Thursday, February 7th. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.87). CSS Industries had a negative net margin of 17.50% and a negative return on equity of 3.26%. The business had revenue of $133.23 million during the quarter, compared to analyst estimates of $138.30 million. Equities research analysts predict that CSS Industries will post -0.2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.01%. The ex-dividend date of this dividend was Thursday, February 28th. CSS Industries’s dividend payout ratio is currently 72.73%.
About CSS Industries
CSS Industries, Inc, a consumer products company, designs, manufactures, procures, distributes, and sells seasonal, gift, and craft products principally to mass market retailers in the United States and Canada. Its craft and gift consumer products include craft ribbons and bows, trims, buttons, sewing patterns, knitting needles, needle arts, kids' crafts, infant products, journals, gift card holders, all occasion boxed greeting cards, memory books, scrapbooks, stationery, stickers, and other gift and craft items, as well as floral accessories, including pot covers, foil, waxed tissue, shred, aisle runners, corsage bags, and other paper and film products.
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