CSS Industries Inc (NYSE:CSS) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price objective of $19.00 for the company and are anticipating that the company will post $0.37 earnings per share for the current quarter, according to Zacks. Zacks has also given CSS Industries an industry rank of 103 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of CSS Industries from a “strong sell” rating to a “hold” rating in a report on Monday, August 6th.
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 was paid on Friday, September 14th. Investors of record on Friday, August 31st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend was Thursday, August 30th. CSS Industries’s dividend payout ratio is currently 72.73%.
In related news, CEO Christopher J. Munyan purchased 2,000 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was acquired at an average price of $13.85 per share, with a total value of $27,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 84,208 shares in the company, valued at approximately $1,166,280.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders purchased 6,747 shares of company stock valued at $96,267. 5.10% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the stock. A.R.T. Advisors LLC bought a new position in CSS Industries in the first quarter valued at approximately $192,000. Alambic Investment Management L.P. bought a new position in shares of CSS Industries during the second quarter worth $299,000. Schwab Charles Investment Management Inc. boosted its position in shares of CSS Industries by 32.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 21,530 shares of the specialty retailer’s stock worth $377,000 after purchasing an additional 5,300 shares in the last quarter. LMR Partners LLP bought a new position in shares of CSS Industries during the second quarter worth $415,000. Finally, Marquette Asset Management LLC bought a new position in shares of CSS Industries during the second quarter worth $455,000. 73.49% of the stock is owned by institutional investors and hedge funds.
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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