Kennedy Capital Management Inc. increased its holdings in shares of CSS Industries Inc (NYSE:CSS) by 56.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,092 shares of the specialty retailer’s stock after purchasing an additional 35,400 shares during the period. Kennedy Capital Management Inc. owned 1.08% of CSS Industries worth $2,730,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of CSS. Arrowstreet Capital Limited Partnership acquired a new stake in CSS Industries during the 4th quarter worth $968,000. First Manhattan Co. boosted its stake in CSS Industries by 18.6% during the 4th quarter. First Manhattan Co. now owns 175,605 shares of the specialty retailer’s stock worth $4,887,000 after purchasing an additional 27,500 shares during the period. Bailard Inc. acquired a new stake in CSS Industries during the 4th quarter worth $654,000. State Street Corp boosted its stake in CSS Industries by 8.8% during the 2nd quarter. State Street Corp now owns 258,145 shares of the specialty retailer’s stock worth $6,750,000 after purchasing an additional 20,940 shares during the period. Finally, Brandes Investment Partners LP boosted its stake in CSS Industries by 19.2% during the 4th quarter. Brandes Investment Partners LP now owns 108,543 shares of the specialty retailer’s stock worth $3,021,000 after purchasing an additional 17,493 shares during the period. Hedge funds and other institutional investors own 81.13% of the company’s stock.
A number of analysts recently weighed in on CSS shares. DA Davidson started coverage on shares of CSS Industries in a research note on Thursday, December 7th. They set a “buy” rating and a $31.50 price target for the company. TheStreet cut shares of CSS Industries from a “b-” rating to a “c+” rating in a research note on Thursday, February 15th. Finally, Zacks Investment Research cut shares of CSS Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 14th.
CSS Industries (NYSE:CSS) last issued its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.15. The firm had revenue of $130.64 million during the quarter, compared to analysts’ expectations of $134.50 million. CSS Industries had a negative net margin of 0.96% and a positive return on equity of 4.51%. research analysts expect that CSS Industries Inc will post 1.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a yield of 4.25%. CSS Industries’s payout ratio is currently -216.22%.
In other news, Director Rebecca C. Matthias acquired 20,100 shares of the business’s stock in a transaction on Monday, February 12th. The stock was bought at an average price of $20.95 per share, for a total transaction of $421,095.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.90% of the stock is currently owned by corporate insiders.
CSS Industries 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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