Zacks Investment Research upgraded shares of CSS Industries (NYSE:CSS) from a strong sell rating to a hold rating in a research note released on Tuesday.

According to Zacks, “CSS Industries, Inc. is a consumer products company primarily engaged in the manufacture and sale to mass market retailers of seasonal, social expression products, including gift wrap, gift bags, boxed greeting cards, gift tags, tissue paper, paper and vinyl decorations, seasonal candles, classroom exchange Valentines, decorative ribbons and bows, Halloween masks, costumes, make-ups and novelties and Easter egg dyes and novelties. CSS provides its retail customers the opportunity to use a single vendor for much of their seasonal product requirements. “

Separately, ValuEngine raised shares of CSS Industries from a sell rating to a hold rating in a report on Tuesday, November 13th.

NYSE:CSS traded up $0.04 during mid-day trading on Tuesday, hitting $11.13. The company’s stock had a trading volume of 2,718 shares, compared to its average volume of 42,506. CSS Industries has a 1 year low of $8.76 and a 1 year high of $28.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 2.43. The firm has a market cap of $98.96 million, a price-to-earnings ratio of 10.12, a PEG ratio of 5.89 and a beta of 0.83.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Friday, November 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 7.19%. The ex-dividend date of this dividend was Thursday, November 29th. CSS Industries’s payout ratio is currently 72.73%.

In other news, Director Rebecca C. Matthias bought 10,000 shares of the stock in a transaction dated Friday, December 14th. The shares were acquired at an average cost 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSS. Walthausen & Co. LLC acquired a new position in shares of CSS Industries during the 3rd quarter worth about $3,800,000. Renaissance Technologies LLC raised its position in shares of 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 last quarter. Millennium Management LLC raised its position in shares of CSS Industries by 216.4% during the 2nd quarter. Millennium Management LLC now owns 214,206 shares of the specialty retailer’s stock worth $3,620,000 after purchasing an additional 146,508 shares during the last quarter. Paloma Partners Management Co acquired a new stake in CSS Industries in the 2nd quarter valued at about $735,000. Finally, Ancora Advisors LLC acquired a new stake in CSS Industries in the 3rd quarter valued at about $267,000. Hedge funds and other institutional investors own 75.67% 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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