CSS Industries (NYSE:CSS) Downgraded by ValuEngine

ValuEngine cut shares of CSS Industries (NYSE:CSS) from a buy rating to a hold rating in a research report released on Wednesday, September 4th, ValuEngine reports.

Shares of CSS traded up $0.02 during mid-day trading on Wednesday, reaching $4.04. The company had a trading volume of 100 shares, compared to its average volume of 19,110. The company’s 50-day moving average is $4.50 and its 200-day moving average is $5.56. The company has a market capitalization of $35.15 million, a P/E ratio of -1.58 and a beta of 1.02. CSS Industries has a twelve month low of $3.76 and a twelve month high of $15.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.66 and a quick ratio of 0.65.

CSS Industries (NYSE:CSS) last released its earnings results on Thursday, August 1st. The specialty retailer reported ($1.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by ($0.72). The firm had revenue of $57.54 million during the quarter, compared to analyst estimates of $59.40 million. CSS Industries had a negative net margin of 13.13% and a negative return on equity of 6.98%. As a group, equities analysts expect that CSS Industries will post 0.56 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Adirondack Research & Management Inc. boosted its position in shares of CSS Industries by 5.4% in the 1st quarter. Adirondack Research & Management Inc. now owns 215,237 shares of the specialty retailer’s stock worth $1,289,000 after purchasing an additional 11,023 shares during the last quarter. Bragg Financial Advisors Inc bought a new position in CSS Industries during the first quarter worth about $68,000. Bank of America Corp DE lifted its holdings in CSS Industries by 94.6% during the fourth quarter. Bank of America Corp DE now owns 21,134 shares of the specialty retailer’s stock worth $190,000 after acquiring an additional 10,276 shares in the last quarter. Alambic Investment Management L.P. lifted its holdings in CSS Industries by 55.0% during the first quarter. Alambic Investment Management L.P. now owns 76,579 shares of the specialty retailer’s stock worth $459,000 after acquiring an additional 27,164 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its holdings in CSS Industries by 12.3% during the first quarter. Brandes Investment Partners LP now owns 60,026 shares of the specialty retailer’s stock worth $359,000 after acquiring an additional 6,595 shares in the last quarter. Institutional investors and hedge funds own 61.52% 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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