Zacks: Brokerages Set $8.00 Price Target for CSS Industries Inc (CSS)

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

Brokers have set a 12 month consensus target price of $8.00 for the company and are expecting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also assigned CSS Industries an industry rank of 68 out of 256 based on the ratings given to related companies.

Several equities research analysts have issued reports on the company. Zacks Investment Research raised CSS Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. ValuEngine raised CSS Industries from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Finally, DA Davidson cut CSS Industries from a “buy” rating to a “neutral” rating and set a $7.48 target price for the company. in a research note on Tuesday, February 12th.

Hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. lifted its position in shares of CSS Industries by 50.3% during the 3rd quarter. Macquarie Group Ltd. now owns 13,829 shares of the specialty retailer’s stock valued at $197,000 after buying an additional 4,629 shares in the last quarter. BlackRock Inc. lifted its position in shares of CSS Industries by 16.5% during the 4th quarter. BlackRock Inc. now owns 229,154 shares of the specialty retailer’s stock valued at $2,055,000 after buying an additional 32,497 shares in the last quarter. Brandes Investment Partners LP lifted its position in shares of CSS Industries by 16.8% during the 4th quarter. Brandes Investment Partners LP now owns 53,431 shares of the specialty retailer’s stock valued at $479,000 after buying an additional 7,700 shares in the last quarter. Alambic Investment Management L.P. lifted its position in shares of CSS Industries by 106.6% during the 4th quarter. Alambic Investment Management L.P. now owns 49,415 shares of the specialty retailer’s stock valued at $443,000 after buying an additional 25,501 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of CSS Industries by 94.6% during the 4th quarter. Bank of America Corp DE now owns 21,134 shares of the specialty retailer’s stock valued at $190,000 after buying an additional 10,276 shares in the last quarter. 71.96% of the stock is owned by institutional investors.

CSS stock traded down $0.06 during midday trading on Tuesday, hitting $6.20. 7,269 shares of the company’s stock were exchanged, compared to its average volume of 40,271. The stock has a market cap of $54.78 million, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of 4.00 and a beta of 0.72. CSS Industries has a 1-year low of $5.68 and a 1-year high of $18.49.

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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