Zacks: Brokerages Set $5.25 Price Target for CSS Industries Inc (NYSE:CSS)

CSS Industries Inc (NYSE:CSS) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus price target of $5.25 for the company and are anticipating that the company will post ($0.64) earnings per share for the current quarter, according to Zacks. Zacks has also given CSS Industries an industry rank of 172 out of 256 based on the ratings given to related companies.

CSS has been the subject of several research reports. Zacks Investment Research downgraded shares of Great Portland Estates from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st.

Institutional investors have recently modified their holdings of the stock. Adirondack Research & Management Inc. raised its holdings in shares of CSS Industries by 5.4% during the first quarter. Adirondack Research & Management Inc. now owns 215,237 shares of the specialty retailer’s stock worth $1,289,000 after purchasing an additional 11,023 shares during the last quarter. BlackRock Inc. increased its holdings in CSS Industries by 16.5% in the fourth quarter. BlackRock Inc. now owns 229,154 shares of the specialty retailer’s stock valued at $2,055,000 after buying an additional 32,497 shares in the last quarter. Bragg Financial Advisors Inc purchased a new position in CSS Industries in the first quarter valued at $68,000. Bank of America Corp DE increased its holdings in CSS Industries by 94.6% in the fourth quarter. Bank of America Corp DE now owns 21,134 shares of the specialty retailer’s stock valued at $190,000 after buying an additional 10,276 shares in the last quarter. Finally, Alambic Investment Management L.P. increased its holdings in CSS Industries by 55.0% in the first quarter. Alambic Investment Management L.P. now owns 76,579 shares of the specialty retailer’s stock valued at $459,000 after buying an additional 27,164 shares in the last quarter. 64.21% of the stock is owned by hedge funds and other institutional investors.

CSS traded down $0.26 during trading on Friday, hitting $4.87. The stock had a trading volume of 10,380 shares, compared to its average volume of 19,246. The stock has a market cap of $43.04 million, a P/E ratio of -1.90, a PEG ratio of 1.74 and a beta of 0.96. CSS Industries has a twelve month low of $4.14 and a twelve month high of $16.04. The business’s 50 day simple moving average is $4.97.

CSS Industries (NYSE:CSS) last announced its earnings results on Thursday, May 30th. The specialty retailer reported ($1.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($1.38). The firm had revenue of $72.00 million during the quarter, compared to analyst estimates of $80.10 million. CSS Industries had a negative net margin of 14.01% and a negative return on equity of 6.48%. Research analysts predict that CSS Industries will post 0.56 EPS for the current fiscal year.

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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