CSS Industries (NYSE:CSS) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, February 4th.
Separately, Zacks Investment Research raised CSS Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 8th.
CSS stock traded up $0.08 during trading on Monday, hitting $6.97. 31,580 shares of the company traded hands, compared to its average volume of 64,304. The stock has a market cap of $61.62 million, a P/E ratio of 6.34 and a beta of 0.73. CSS Industries has a 1 year low of $6.45 and a 1 year high of $19.30.
CSS Industries (NYSE:CSS) last posted its quarterly earnings data on Thursday, February 7th. The specialty retailer reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.87). The business had revenue of $133.23 million during the quarter, compared to analysts’ expectations of $138.30 million. CSS Industries had a negative net margin of 17.50% and a negative return on equity of 3.26%. Research analysts anticipate that CSS Industries will post -0.2 EPS for the current year.
In other CSS Industries news, Director Rebecca C. Matthias purchased 10,000 shares of the firm’s stock in a transaction dated Friday, December 14th. The shares were acquired at an average price of $11.00 per share, with a total value of $110,000.00. Following the purchase, the director now directly owns 101,517 shares in the company, valued at approximately $1,116,687. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rebecca C. Matthias purchased 30,032 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was acquired at an average cost of $7.41 per share, for a total transaction of $222,537.12. Following the purchase, the director now owns 134,953 shares in the company, valued at $1,000,001.73. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 40,132 shares of company stock worth $333,612. Corporate insiders own 5.10% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of CSS. Renaissance Technologies LLC increased its holdings in CSS Industries by 146.9% during the 2nd quarter. Renaissance Technologies LLC now owns 278,200 shares of the specialty retailer’s stock worth $4,702,000 after purchasing an additional 165,500 shares during the period. Ancora Advisors LLC purchased a new stake in CSS Industries during the 3rd quarter worth about $267,000. Macquarie Group Ltd. increased its holdings in CSS Industries by 50.3% during the 3rd quarter. Macquarie Group Ltd. now owns 13,829 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 4,629 shares during the period. Walthausen & Co. LLC purchased a new stake in CSS Industries during the 3rd quarter worth about $3,800,000. Finally, Brandes Investment Partners LP increased its holdings in CSS Industries by 10.0% during the 3rd quarter. Brandes Investment Partners LP now owns 45,731 shares of the specialty retailer’s stock worth $651,000 after purchasing an additional 4,173 shares during the period. 74.41% of the stock is currently owned by hedge funds and other institutional investors.
CSS Industries Company Profile
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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