Zacks: CSS Industries Inc (CSS) Receives Average Recommendation of “Strong Buy” from Brokerages
Shares of CSS Industries Inc (NYSE:CSS) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating. CSS Industries’ rating score has improved by 50% from three months ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 12-month consensus price objective of $19.00 for the company and are predicting that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also assigned CSS Industries an industry rank of 71 out of 255 based on the ratings given to related companies.
CSS has been the subject of several recent analyst reports. DA Davidson raised shares of CSS Industries from a “neutral” rating to a “buy” rating and set a $31.50 price objective for the company in a report on Monday, June 4th. Zacks Investment Research lowered shares of CSS Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 6th. ValuEngine lowered shares of CSS Industries from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, TheStreet lowered shares of CSS Industries from a “c” rating to a “d+” rating in a report on Friday, June 1st.
Several institutional investors have recently modified their holdings of CSS. Algert Global LLC acquired a new stake in shares of CSS Industries in the first quarter valued at approximately $1,235,000. Millennium Management LLC acquired a new stake in shares of CSS Industries in the first quarter valued at approximately $1,185,000. Deutsche Bank AG increased its holdings in shares of CSS Industries by 273.3% in the fourth quarter. Deutsche Bank AG now owns 55,369 shares of the specialty retailer’s stock valued at $1,538,000 after purchasing an additional 40,535 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of CSS Industries by 2,016.3% in the first quarter. JPMorgan Chase & Co. now owns 40,738 shares of the specialty retailer’s stock valued at $712,000 after purchasing an additional 38,813 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in CSS Industries in the fourth quarter valued at approximately $1,060,000. 78.94% of the stock is owned by institutional investors and hedge funds.
CSS Industries opened at $14.36 on Thursday, according to Marketbeat.com. The company has a market cap of $132.24 million, a PE ratio of 46.77, a PEG ratio of 3.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.52 and a quick ratio of 1.60. CSS Industries has a 1-year low of $13.56 and a 1-year high of $30.29.
CSS Industries (NYSE:CSS) last posted its quarterly earnings data 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 firm had revenue of $64.13 million for the quarter, compared to analyst estimates of $68.40 million. CSS Industries had a positive return on equity of 1.11% and a negative net margin of 12.69%. equities analysts predict that CSS Industries will post 0.44 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date is Thursday, August 30th. CSS Industries’s dividend payout ratio is currently 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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