CSS Industries Inc (NYSE:CSS) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. CSS Industries’ rating score has declined by 100% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 12-month consensus price target of $27.00 for the company and are forecasting that the company will post ($0.56) EPS for the current quarter, according to Zacks. Zacks has also given CSS Industries an industry rank of 183 out of 265 based on the ratings given to related companies.
CSS has been the subject of a number of analyst reports. DA Davidson lowered shares of CSS Industries from a “buy” rating to a “neutral” rating in a research note on Friday, February 9th. TheStreet lowered shares of CSS Industries from a “b-” rating to a “c+” rating in a research note on Thursday, February 15th. Finally, Zacks Investment Research lowered shares of CSS Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 14th.
CSS Industries (NYSE:CSS) last issued its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.15. The company had revenue of $130.64 million during the quarter, compared to analyst estimates of $134.50 million. CSS Industries had a negative net margin of 0.96% and a positive return on equity of 4.51%. analysts predict that CSS Industries will post 1.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a yield of 4.25%. CSS Industries’s dividend payout ratio is currently -216.22%.
In other news, Director Rebecca C. Matthias acquired 20,100 shares of CSS Industries stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $20.95 per share, for a total transaction of $421,095.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.90% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in CSS. Deutsche Bank AG increased its position in CSS Industries by 273.3% in the fourth quarter. Deutsche Bank AG now owns 55,369 shares of the specialty retailer’s stock worth $1,538,000 after purchasing an additional 40,535 shares during the last quarter. Renaissance Technologies LLC acquired a new position in CSS Industries during the fourth quarter worth approximately $1,060,000. Kennedy Capital Management Inc. increased its position in CSS Industries by 56.5% during the fourth quarter. Kennedy Capital Management Inc. now owns 98,092 shares of the specialty retailer’s stock worth $2,730,000 after buying an additional 35,400 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in CSS Industries during the fourth quarter worth approximately $968,000. Finally, First Manhattan Co. increased its position in CSS Industries by 18.6% during the fourth quarter. First Manhattan Co. now owns 175,605 shares of the specialty retailer’s stock worth $4,887,000 after buying an additional 27,500 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.
About CSS Industries
CSS Industries, Inc is a consumer products company, which is engaged in the design, manufacture, procurement, distribution and sale of non-durable all occasion and seasonal social expression products, principally to mass market retailers in the United States and Canada. The Company’s occasion and seasonal products include classroom exchange Valentines, infant products, journals, buttons, gift wrap, floral accessories, craft and educational products, Easter egg dyes and novelties, memory books, scrapbooks, stickers, stationery and other items.
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