Kennedy Capital Management Inc. Has $2.73 Million Holdings in CSS Industries Inc (CSS)
Kennedy Capital Management Inc. grew its position in shares of CSS Industries Inc (NYSE:CSS) by 56.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 98,092 shares of the specialty retailer’s stock after buying an additional 35,400 shares during the period. Kennedy Capital Management Inc.’s holdings in CSS Industries were worth $2,730,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. Virginia Retirement Systems ET AL purchased a new position in shares of CSS Industries in the 3rd quarter valued at about $208,000. The Manufacturers Life Insurance Company increased its holdings in shares of CSS Industries by 15.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,836 shares of the specialty retailer’s stock valued at $232,000 after purchasing an additional 1,211 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of CSS Industries by 62.9% in the 3rd quarter. Wells Fargo & Company MN now owns 9,089 shares of the specialty retailer’s stock valued at $262,000 after purchasing an additional 3,511 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of CSS Industries in the 3rd quarter valued at about $266,000. Finally, California Public Employees Retirement System increased its holdings in shares of CSS Industries by 26.5% in the 2nd quarter. California Public Employees Retirement System now owns 14,300 shares of the specialty retailer’s stock valued at $374,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.
CSS Industries Inc (NYSE CSS) opened at $18.82 on Wednesday. The stock has a market cap of $173.46, a PE ratio of 13.30, a PEG ratio of 3.49 and a beta of 1.17. CSS Industries Inc has a twelve month low of $18.07 and a twelve month high of $30.29.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.80 annualized dividend and a yield of 4.25%. CSS Industries’s dividend payout ratio (DPR) is currently -216.22%.
In other CSS Industries news, Director Rebecca C. Matthias bought 20,100 shares of the company’s stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $20.95 per share, for a total transaction of $421,095.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.90% of the company’s stock.
A number of equities analysts have recently issued reports on CSS shares. Zacks Investment Research downgraded shares of CSS Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 14th. TheStreet downgraded shares of CSS Industries from a “b-” rating to a “c+” rating in a report on Thursday, February 15th. Finally, DA Davidson started coverage on shares of CSS Industries in a report on Thursday, December 7th. They issued a “buy” rating and a $31.50 price target for the company.
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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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