CSS Industries (CSS) Rating Lowered to Strong Sell at Zacks Investment Research

CSS Industries (NYSE:CSS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday.

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, DA Davidson began coverage on CSS Industries in a research report on Thursday, December 7th. They issued a “buy” rating and a $31.50 target price for the company.

Shares of CSS Industries (CSS) traded down $0.68 during trading hours on Wednesday, hitting $19.13. The stock had a trading volume of 61,481 shares, compared to its average volume of 54,851. CSS Industries has a 12-month low of $19.04 and a 12-month high of $30.29. The company has a market cap of $173.98, a price-to-earnings ratio of -51.70, a P/E/G ratio of 1.48 and a beta of 0.91.

CSS Industries (NYSE:CSS) last announced its earnings results on Thursday, February 8th. The specialty retailer reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.15. CSS Industries had a positive return on equity of 4.51% and a negative net margin of 0.96%. The firm had revenue of $130.64 million during the quarter, compared to analyst estimates of $134.50 million. research analysts predict that CSS Industries will post 1.38 earnings per share for the current year.

In related news, Director Rebecca C. Matthias purchased 20,100 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $20.95 per share, for a total transaction of $421,095.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in shares of CSS Industries by 17.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 38,058 shares of the specialty retailer’s stock worth $1,060,000 after buying an additional 5,755 shares during the last quarter. QS Investors LLC purchased a new stake in shares of CSS Industries in the 4th quarter worth approximately $230,000. Deutsche Bank AG grew its stake in shares of CSS Industries by 273.3% in the 4th quarter. Deutsche Bank AG now owns 55,369 shares of the specialty retailer’s stock worth $1,538,000 after buying an additional 40,535 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of CSS Industries in the 4th quarter worth approximately $1,060,000. Finally, Kennedy Capital Management Inc. grew its stake in shares of CSS Industries by 56.5% in the 4th quarter. Kennedy Capital Management Inc. now owns 98,092 shares of the specialty retailer’s stock worth $2,730,000 after buying an additional 35,400 shares during the last quarter. Institutional investors 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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