CSS Industries (CSS) Receives Average Rating of “Buy” from Analysts

Shares of CSS Industries (NYSE:CSS) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. CSS Industries’ rating score has declined by 100% from three months ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus target price of $27.00 for the company and are forecasting that the company will post ($0.56) earnings per share for the current quarter, according to Zacks. Zacks has also assigned CSS Industries an industry rank of 130 out of 265 based on the ratings given to its competitors.

Several analysts have recently issued reports on the company. DA Davidson cut CSS Industries from a “buy” rating to a “neutral” rating in a report on Friday, February 9th. TheStreet cut CSS Industries from a “b-” rating to a “c+” rating in a report on Thursday, February 15th. Finally, Zacks Investment Research cut CSS Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 14th.

In other news, Director Rebecca C. Matthias acquired 20,100 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of $20.95 per share, with a total value of $421,095.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of CSS. MetLife Investment Advisors LLC purchased a new stake in shares of CSS Industries during the 4th quarter worth approximately $117,000. Virginia Retirement Systems ET AL purchased a new stake in shares of CSS Industries during the 3rd quarter worth approximately $208,000. QS Investors LLC purchased a new stake in shares of CSS Industries during the 4th quarter worth approximately $230,000. Wells Fargo & Company MN raised its holdings in shares of CSS Industries by 62.9% during the 3rd quarter. Wells Fargo & Company MN now owns 9,089 shares of the specialty retailer’s stock worth $262,000 after acquiring an additional 3,511 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in CSS Industries during the 3rd quarter valued at $266,000. 81.13% of the stock is currently owned by institutional investors and hedge funds.

NYSE CSS opened at $17.89 on Monday. CSS Industries has a 12 month low of $17.13 and a 12 month high of $30.29. The company has a market capitalization of $162.06, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 2.63 and a beta of 1.15.

CSS Industries (NYSE:CSS) last posted its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.15. The company had revenue of $130.64 million for the quarter, compared to analysts’ expectations of $134.50 million. CSS Industries had a positive return on equity of 4.51% and a negative net margin of 0.96%. analysts anticipate that CSS Industries will post 1.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.47%. CSS Industries’s dividend payout ratio (DPR) is 56.74%.

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About CSS Industries

CSS Industries, Inc, a consumer products company, designs, manufactures, procures, distributes, and sells seasonal, celebrations, and craft social expression products principally to mass market retailers in the United States and Canada. Its craft and celebrations consumer products include craft ribbon and buttons, sewing patterns, infant products, journals, all occasion boxed greeting cards, gift card holders, gift bags, gift wrap, floral accessories, memory books, scrapbooks, stationery, stickers, and other gift and craft items.

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