Zacks: CSS Industries (CSS) Receives Consensus Rating of “Buy” from Brokerages

CSS Industries (NYSE:CSS) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a 12 month consensus target price of $27.00 for the company and are predicting that the company will post ($0.56) earnings per share for the current quarter, according to Zacks. Zacks has also given CSS Industries an industry rank of 51 out of 265 based on the ratings given to its competitors.

Several brokerages have issued reports on CSS. TheStreet downgraded shares of CSS Industries from a “b-” rating to a “c+” rating in a research note on Thursday, February 15th. DA Davidson downgraded shares of CSS Industries from a “buy” rating to a “neutral” rating in a research note on Friday, February 9th. ValuEngine downgraded shares of CSS Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research downgraded shares of CSS Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 14th.

Large investors have recently made changes to their positions in the business. California Public Employees Retirement System grew its holdings in shares of CSS Industries by 31.7% during the 3rd quarter. California Public Employees Retirement System now owns 18,834 shares of the specialty retailer’s stock valued at $543,000 after acquiring an additional 4,534 shares in the last quarter. Bailard Inc. purchased a new position in shares of CSS Industries during the 4th quarter valued at $654,000. Dupont Capital Management Corp purchased a new position in shares of CSS Industries during the 4th quarter valued at $434,000. Brandes Investment Partners LP grew its holdings in shares of CSS Industries by 19.2% during the 4th quarter. Brandes Investment Partners LP now owns 108,543 shares of the specialty retailer’s stock valued at $3,021,000 after acquiring an additional 17,493 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of CSS Industries during the 4th quarter valued at $968,000. 81.83% of the stock is currently owned by institutional investors.

NYSE:CSS traded down $0.41 during trading hours on Thursday, hitting $15.80. 480 shares of the stock traded hands, compared to its average volume of 57,217. CSS Industries has a fifty-two week low of $15.77 and a fifty-two week high of $16.44. The company has a market cap of $140.26 million, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 2.28 and a beta of 1.13.

CSS Industries Company Profile

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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