ValuEngine upgraded shares of CSS Industries (NYSE:CSS) from a sell rating to a hold rating in a research note released on Tuesday morning.

Separately, Zacks Investment Research raised CSS Industries from a strong sell rating to a hold rating in a research report on Monday, August 6th.

Shares of NYSE CSS opened at $12.24 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.43 and a quick ratio of 1.30. CSS Industries has a twelve month low of $11.82 and a twelve month high of $29.34.

CSS Industries (NYSE:CSS) last announced its quarterly earnings results on Thursday, November 8th. The specialty retailer reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05). The business had revenue of $112.90 million for the quarter, compared to analyst estimates of $113.10 million. CSS Industries had a negative return on equity of 0.04% and a negative net margin of 14.35%. Equities research analysts expect that CSS Industries will post 0.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date is Thursday, November 29th. CSS Industries’s dividend payout ratio (DPR) is presently 72.73%.

In other CSS Industries news, CEO Christopher J. Munyan purchased 2,000 shares of the stock in a transaction on Friday, September 14th. The shares were purchased at an average price of $13.85 per share, with a total value of $27,700.00. Following the completion of the transaction, the chief executive officer now directly owns 84,208 shares in the company, valued at $1,166,280.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.10% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Ancora Advisors LLC bought a new stake in shares of CSS Industries during the third quarter worth approximately $267,000. Alambic Investment Management L.P. bought a new stake in shares of CSS Industries during the second quarter worth approximately $299,000. LMR Partners LLP bought a new stake in shares of CSS Industries during the second quarter worth approximately $415,000. Marquette Asset Management LLC bought a new stake in shares of CSS Industries during the second quarter worth approximately $455,000. Finally, Brandes Investment Partners LP boosted its holdings in shares of CSS Industries by 10.0% during the third quarter. Brandes Investment Partners LP now owns 45,731 shares of the specialty retailer’s stock worth $651,000 after acquiring an additional 4,173 shares during the period. Institutional investors own 75.79% of the company’s stock.

About CSS Industries

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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