CSS Industries Inc (NYSE:CSS)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $8.41 and last traded at $8.49, with a volume of 2820 shares changing hands. The stock had previously closed at $8.91.
CSS has been the subject of several research reports. ValuEngine upgraded shares of CSS Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Zacks Investment Research raised shares of CSS Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 8th.
The company has a market cap of $83.06 million, a P/E ratio of 7.72, a P/E/G ratio of 4.95 and a beta of 0.83. The company has a quick ratio of 1.30, a current ratio of 2.43 and a debt-to-equity ratio of 0.18.
CSS Industries (NYSE:CSS) last released its earnings results on Thursday, November 8th. The specialty retailer reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.05). The firm had revenue of $112.90 million during the quarter, compared to the consensus estimate of $113.10 million. CSS Industries had a negative net margin of 14.35% and a negative return on equity of 0.04%. As a group, equities analysts forecast that CSS Industries Inc will post 0.38 earnings per share for the current year.
In related news, Director Rebecca C. Matthias acquired 10,000 shares of the company’s stock in a transaction dated Friday, December 14th. The shares were bought at an average price of $11.00 per share, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in CSS. Macquarie Group Ltd. raised its stake in CSS Industries by 50.3% in the 3rd quarter. Macquarie Group Ltd. now owns 13,829 shares of the specialty retailer’s stock valued at $197,000 after acquiring an additional 4,629 shares during the period. Ancora Advisors LLC acquired a new position in CSS Industries in the 3rd quarter valued at $267,000. Alambic Investment Management L.P. grew its holdings in CSS Industries by 35.0% in the 3rd quarter. Alambic Investment Management L.P. now owns 23,914 shares of the specialty retailer’s stock valued at $340,000 after buying an additional 6,199 shares in the last quarter. Brandes Investment Partners LP grew its holdings in CSS Industries by 10.0% in the 3rd quarter. Brandes Investment Partners LP now owns 45,731 shares of the specialty retailer’s stock valued at $651,000 after buying an additional 4,173 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in CSS Industries by 216.4% in the 2nd quarter. Millennium Management LLC now owns 214,206 shares of the specialty retailer’s stock valued at $3,620,000 after buying an additional 146,508 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.
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About CSS Industries (NYSE:CSS)
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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