Shares of CSS Industries Inc (NYSE:CSS) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus target price of $19.00 for the company and are predicting that the company will post $0.37 earnings per share for the current quarter, according to Zacks. Zacks has also given CSS Industries an industry rank of 67 out of 255 based on the ratings given to related companies.
CSS has been the topic of a number of analyst reports. TheStreet downgraded shares of CSS Industries from a “c” rating to a “d+” rating in a research note on Friday, June 1st. Zacks Investment Research raised shares of CSS Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, August 6th. Finally, DA Davidson raised shares of CSS Industries from a “neutral” rating to a “buy” rating and set a $31.50 target price on the stock in a research note on Monday, June 4th.
In other news, CEO Christopher J. Munyan bought 2,000 shares of CSS Industries stock in a transaction on Monday, August 6th. The shares were bought at an average cost of $14.54 per share, with a total value of $29,080.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired 4,747 shares of company stock worth $68,567 over the last ninety days. 5.10% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in CSS Industries by 0.6% during the first quarter. BlackRock Inc. now owns 591,556 shares of the specialty retailer’s stock worth $10,352,000 after purchasing an additional 3,569 shares during the period. Millennium Management LLC acquired a new stake in shares of CSS Industries during the first quarter valued at about $1,185,000. JPMorgan Chase & Co. increased its position in shares of CSS Industries by 2,016.3% during the first quarter. JPMorgan Chase & Co. now owns 40,738 shares of the specialty retailer’s stock valued at $712,000 after acquiring an additional 38,813 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of CSS Industries by 21.3% during the first quarter. Russell Investments Group Ltd. now owns 64,114 shares of the specialty retailer’s stock valued at $1,123,000 after acquiring an additional 11,241 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of CSS Industries during the fourth quarter valued at about $117,000. 77.21% of the stock is currently owned by institutional investors.
Shares of NYSE:CSS traded up $0.32 during midday trading on Friday, hitting $14.04. The company’s stock had a trading volume of 35,540 shares, compared to its average volume of 27,422. The company has a current ratio of 3.52, a quick ratio of 1.60 and a debt-to-equity ratio of 0.17. The company has a market cap of $126.86 million, a P/E ratio of 12.76, a P/E/G ratio of 6.32 and a beta of 0.84. CSS Industries has a 12-month low of $13.56 and a 12-month high of $30.29.
CSS Industries (NYSE:CSS) last posted its quarterly earnings results on Wednesday, August 1st. The specialty retailer reported ($1.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.68). The business had revenue of $64.13 million during the quarter, compared to analysts’ expectations of $68.40 million. CSS Industries had a positive return on equity of 1.11% and a negative net margin of 12.69%. analysts expect that CSS Industries will post 0.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date was Thursday, August 30th. CSS Industries’s dividend payout ratio (DPR) is presently 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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