CSS Industries (CSS) Rating Lowered to Neutral at DA Davidson

CSS Industries (NYSE:CSS) was downgraded by DA Davidson from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, February 9th.

CSS Industries (NYSE CSS) traded up $0.34 during midday trading on Friday, hitting $19.75. 76,332 shares of the company were exchanged, compared to its average volume of 59,916. The firm has a market capitalization of $180.11, a price-to-earnings ratio of -53.38, a PEG ratio of 3.62 and a beta of 0.91. CSS Industries has a fifty-two week low of $19.04 and a fifty-two week high of $30.29.

CSS Industries (NYSE:CSS) last issued its earnings results on Thursday, February 8th. The specialty retailer reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.15. CSS Industries had a negative net margin of 0.96% and a positive return on equity of 4.51%. The firm had revenue of $130.64 million during the quarter, compared to analysts’ expectations of $134.50 million. analysts anticipate that CSS Industries will post 1.09 earnings per share for the current fiscal year.

In related news, Director Rebecca C. Matthias bought 20,100 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was bought at an average price of $20.95 per share, with a total value of $421,095.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in CSS Industries by 31.7% in the 3rd quarter. California Public Employees Retirement System now owns 18,834 shares of the specialty retailer’s stock worth $543,000 after acquiring an additional 4,534 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of CSS Industries by 26.7% in the second quarter. TIAA CREF Investment Management LLC now owns 41,207 shares of the specialty retailer’s stock valued at $1,078,000 after buying an additional 8,688 shares during the period. Citigroup Inc. boosted its holdings in shares of CSS Industries by 59.7% in the second quarter. Citigroup Inc. now owns 13,870 shares of the specialty retailer’s stock valued at $363,000 after buying an additional 5,183 shares during the period. Vanguard Group Inc. boosted its holdings in CSS Industries by 2.2% during the second quarter. Vanguard Group Inc. now owns 333,334 shares of the specialty retailer’s stock worth $8,720,000 after purchasing an additional 7,314 shares during the last quarter. Finally, First Manhattan Co. boosted its holdings in CSS Industries by 18.6% during the fourth 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. Institutional investors and hedge funds own 82.78% of the company’s stock.

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CSS Industries Company Profile

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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