CSS Industries (CSS) Downgraded by DA Davidson

CSS Industries (NYSE:CSS) was downgraded by research analysts at DA Davidson from a “buy” rating to a “neutral” rating in a report issued on Tuesday, The Fly reports.

Several other equities research analysts have also commented on the stock. ValuEngine lowered shares of CSS Industries from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research upgraded shares of CSS Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 8th.

Shares of CSS opened at $7.48 on Tuesday. CSS Industries has a 1-year low of $6.45 and a 1-year high of $21.34. The stock has a market cap of $60.79 million, a P/E ratio of 6.80, a P/E/G ratio of 3.62 and a beta of 0.73.

CSS Industries (NYSE:CSS) last posted its quarterly earnings results on Thursday, February 7th. The specialty retailer reported $0.74 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.87). CSS Industries had a negative net margin of 17.50% and a negative return on equity of 3.26%. The business had revenue of $133.23 million during the quarter, compared to the consensus estimate of $138.30 million. On average, equities analysts forecast that CSS Industries will post 0.38 earnings per share for the current fiscal year.

In other news, Director Rebecca C. Matthias acquired 10,000 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were purchased at an average price of $11.00 per share, with a total value of $110,000.00. Following the transaction, the director now directly owns 101,517 shares in the company, valued at $1,116,687. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in CSS. MetLife Investment Advisors LLC purchased a new stake in CSS Industries during the 4th quarter worth approximately $117,000. KBC Group NV grew its position in CSS Industries by 2.8% during the 2nd quarter. KBC Group NV now owns 6,147 shares of the specialty retailer’s stock worth $161,000 after purchasing an additional 168 shares during the last quarter. A.R.T. Advisors LLC purchased a new stake in CSS Industries during the 1st quarter worth approximately $192,000. Macquarie Group Ltd. grew its position in CSS Industries by 50.3% during the 3rd quarter. Macquarie Group Ltd. now owns 13,829 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 4,629 shares during the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new stake in CSS Industries during the 3rd quarter worth approximately $208,000. 75.11% of the stock is currently owned by institutional investors.

CSS Industries Company Profile

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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