Zacks: CSS Industries Inc (CSS) Receives Average Recommendation of “Hold” from Analysts
Shares of CSS Industries Inc (NYSE:CSS) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. CSS Industries’ rating score has declined by 200% in the last 90 days as a result of various analysts’ ratings changes.
Brokers have set a 12-month consensus price objective 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 assigned CSS Industries an industry rank of 162 out of 255 based on the ratings given to related companies.
Several brokerages have recently weighed in on CSS. ValuEngine upgraded CSS Industries from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research upgraded CSS Industries from a “sell” rating to a “hold” rating in a report on Monday, March 11th. Finally, DA Davidson downgraded CSS Industries from a “buy” rating to a “neutral” rating and set a $7.48 price target on the stock. in a report on Tuesday, February 12th.
CSS Industries (NYSE:CSS) last issued its quarterly earnings results on Thursday, February 7th. The specialty retailer reported $0.74 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.87). CSS Industries had a negative return on equity of 3.26% and a negative net margin of 17.50%. The business had revenue of $133.23 million during the quarter, compared to analysts’ expectations of $138.30 million. On average, research analysts anticipate that CSS Industries will post -0.2 EPS for the current year.
In other CSS Industries news, Director Rebecca C. Matthias purchased 30,032 shares of CSS Industries stock in a transaction dated Tuesday, February 12th. The shares were purchased at an average cost of $7.41 per share, for a total transaction of $222,537.12. Following the completion of the acquisition, the director now owns 134,953 shares in the company, valued at approximately $1,000,001.73. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in CSS Industries by 16.5% during the 4th quarter. BlackRock Inc. now owns 229,154 shares of the specialty retailer’s stock worth $2,055,000 after purchasing an additional 32,497 shares during the period. Macquarie Group Ltd. increased its holdings in CSS Industries by 50.3% during the 3rd quarter. Macquarie Group Ltd. now owns 13,829 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 4,629 shares during the period. Walthausen & Co. LLC increased its holdings in CSS Industries by 23.0% during the 4th quarter. Walthausen & Co. LLC now owns 328,428 shares of the specialty retailer’s stock worth $2,946,000 after purchasing an additional 61,400 shares during the period. Alambic Investment Management L.P. increased its holdings in CSS Industries by 106.6% during the 4th quarter. Alambic Investment Management L.P. now owns 49,415 shares of the specialty retailer’s stock worth $443,000 after purchasing an additional 25,501 shares during the period. Finally, Brandes Investment Partners LP increased its holdings in CSS Industries by 16.8% during the 4th quarter. Brandes Investment Partners LP now owns 53,431 shares of the specialty retailer’s stock worth $479,000 after purchasing an additional 7,700 shares during the period. Institutional investors own 72.70% of the company’s stock.
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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