CSS Industries (NYSE:CSS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday.
According to Zacks, “CSS Industries, Inc. is a consumer products company primarily engaged in the manufacture and sale to mass market retailers of seasonal, social expression products, including gift wrap, gift bags, boxed greeting cards, gift tags, tissue paper, paper and vinyl decorations, seasonal candles, classroom exchange Valentines, decorative ribbons and bows, Halloween masks, costumes, make-ups and novelties and Easter egg dyes and novelties. CSS provides its retail customers the opportunity to use a single vendor for much of their seasonal product requirements. “
Separately, DA Davidson began coverage on shares of CSS Industries in a research note on Thursday, December 7th. They issued a “buy” rating and a $31.50 price target for the company.
CSS Industries (NYSE:CSS) traded down $0.68 during trading on Wednesday, reaching $19.13. 61,481 shares of the company traded hands, compared to its average volume of 55,019. The firm has a market cap of $185.68, a P/E ratio of -51.70, a PEG ratio of 1.48 and a beta of 0.91. CSS Industries has a 12-month low of $19.04 and a 12-month high of $30.29.
CSS Industries (NYSE:CSS) last posted its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.15. The business had revenue of $130.64 million during the quarter, compared to the consensus estimate 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 1.38 EPS for the current year.
In other CSS Industries news, Director Rebecca C. Matthias purchased 20,100 shares of the company’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $20.95 per share, for a total transaction of $421,095.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CSS. Deutsche Bank AG lifted its position in shares of CSS Industries by 273.3% during the 4th 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 purchased a new stake in shares of CSS Industries during the 4th quarter worth $1,060,000. Kennedy Capital Management Inc. lifted its position in shares of CSS Industries by 56.5% during the 4th quarter. Kennedy Capital Management Inc. now owns 98,092 shares of the specialty retailer’s stock worth $2,730,000 after purchasing an additional 35,400 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of CSS Industries during the 4th quarter worth $968,000. Finally, First Manhattan Co. lifted its position in shares of CSS Industries by 18.6% during the 4th quarter. First Manhattan Co. now owns 175,605 shares of the specialty retailer’s stock worth $4,887,000 after purchasing an additional 27,500 shares during the last quarter. 82.78% of the stock is owned by institutional investors and hedge funds.
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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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