Zacks: Brokerages Set $19.00 Price Target for CSS Industries Inc (CSS)

CSS Industries Inc (NYSE:CSS) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price target of $19.00 for the company and are predicting that the company will post $1.61 EPS for the current quarter, according to Zacks. Zacks has also given CSS Industries an industry rank of 221 out of 256 based on the ratings given to related companies.

A number of research firms have recently weighed in on CSS. Zacks Investment Research cut CSS Industries from a “hold” rating to a “strong sell” rating in a report on Friday, November 9th. ValuEngine raised CSS Industries from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th.

In other CSS Industries news, Director Rebecca C. Matthias purchased 10,000 shares of the firm’s stock in a transaction on Friday, December 14th. The shares were purchased at an average price of $11.00 per share, for a total transaction of $110,000.00. Following the completion of the transaction, the director now owns 101,517 shares in the company, valued at approximately $1,116,687. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. grew its position in CSS Industries by 50.3% in the third quarter. Macquarie Group Ltd. now owns 13,829 shares of the specialty retailer’s stock worth $197,000 after buying an additional 4,629 shares during the last quarter. Alambic Investment Management L.P. purchased a new position in CSS Industries during the 2nd quarter worth approximately $299,000. Ancora Advisors LLC purchased a new position in CSS Industries during the 3rd quarter worth approximately $267,000. Paloma Partners Management Co purchased a new position in CSS Industries during the 2nd quarter worth approximately $735,000. Finally, Brandes Investment Partners LP grew its position in CSS Industries by 10.0% during the 3rd quarter. Brandes Investment Partners LP now owns 45,731 shares of the specialty retailer’s stock worth $651,000 after purchasing an additional 4,173 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

CSS opened at $10.83 on Tuesday. The company has a market cap of $93.04 million, a PE ratio of 9.85, a price-to-earnings-growth ratio of 5.54 and a beta of 0.83. The company has a current ratio of 2.43, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. CSS Industries has a twelve month low of $8.76 and a twelve month high of $28.70.

CSS Industries (NYSE:CSS) last released its quarterly earnings results on Thursday, November 8th. The specialty retailer reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). The business had revenue of $112.90 million for the quarter, compared to the consensus estimate of $113.10 million. CSS Industries had a negative net margin of 14.35% and a negative return on equity of 0.04%. As a group, analysts anticipate that CSS Industries will post 0.38 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, November 29th. This represents a $0.80 annualized dividend and a yield of 7.39%. CSS Industries’s payout ratio is 72.73%.

CSS Industries Company Profile

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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