Zacks: CSS Industries Inc (NYSE:CSS) Given $4.50 Average Price Target by Analysts – Mayfield Recorder

CSS Industries Inc (NYSE:CSS) has been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Brokers have set a 12 month consensus price target of $4.50 for the company and are anticipating that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also given CSS Industries an industry rank of 193 out of 256 based on the ratings given to its competitors.

Separately, ValuEngine raised CSS Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th.

NYSE:CSS opened at $4.60 on Monday. CSS Industries has a 1 year low of $4.14 and a 1 year high of $15.27. The company has a 50 day moving average of $5.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.66 and a quick ratio of 0.65.

CSS Industries (NYSE:CSS) last issued its quarterly earnings results on Thursday, August 1st. The specialty retailer reported ($1.36) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.64) by ($0.72). CSS Industries had a negative return on equity of 6.98% and a negative net margin of 13.13%. The business had revenue of $57.54 million for the quarter, compared to the consensus estimate of $59.40 million. Research analysts expect that CSS Industries will post 0.56 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSS. BlackRock Inc. grew its stake in CSS Industries by 16.5% in the 4th quarter. BlackRock Inc. now owns 229,154 shares of the specialty retailer’s stock worth $2,055,000 after acquiring an additional 32,497 shares during the period. Bank of America Corp DE grew its stake in CSS Industries by 94.6% in the 4th quarter. Bank of America Corp DE now owns 21,134 shares of the specialty retailer’s stock worth $190,000 after acquiring an additional 10,276 shares during the period. Alambic Investment Management L.P. grew its stake in CSS Industries by 55.0% in the 1st quarter. Alambic Investment Management L.P. now owns 76,579 shares of the specialty retailer’s stock worth $459,000 after acquiring an additional 27,164 shares during the period. Brandes Investment Partners LP grew its stake in CSS Industries by 12.3% in the 1st quarter. Brandes Investment Partners LP now owns 60,026 shares of the specialty retailer’s stock worth $359,000 after acquiring an additional 6,595 shares during the period. Finally, Bragg Financial Advisors Inc purchased a new stake in CSS Industries in the 1st quarter worth approximately $68,000. Institutional investors own 62.61% of the company’s stock.

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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