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

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. “

Shares of NYSE CSS opened at $12.55 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.43 and a quick ratio of 1.60. The firm has a market capitalization of $114.60 million, a P/E ratio of 11.41, a P/E/G ratio of 5.90 and a beta of 0.77. CSS Industries has a 12-month low of $12.52 and a 12-month high of $29.34.

CSS Industries (NYSE:CSS) last announced its earnings results on Thursday, November 8th. The specialty retailer reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.05). The business had revenue of $112.90 million for the quarter, compared to analyst estimates of $113.10 million. CSS Industries had a negative net margin of 14.35% and a negative return on equity of 0.04%. On average, analysts forecast that CSS Industries will post 0.38 earnings per share for the current year.

In other CSS Industries news, CEO Christopher J. Munyan bought 2,000 shares of the stock in a transaction dated Friday, September 14th. The stock was bought at an average cost of $13.85 per share, for a total transaction of $27,700.00. Following the completion of the purchase, the chief executive officer now directly owns 84,208 shares of the company’s stock, valued at $1,166,280.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.10% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of CSS Industries by 0.6% during the first quarter. BlackRock Inc. now owns 591,556 shares of the specialty retailer’s stock valued at $10,352,000 after acquiring an additional 3,569 shares in the last quarter. Brandes Investment Partners LP grew its stake in shares of CSS Industries by 10.0% during the third quarter. Brandes Investment Partners LP now owns 45,731 shares of the specialty retailer’s stock valued at $651,000 after acquiring an additional 4,173 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of CSS Industries by 21.3% during the first quarter. Russell Investments Group Ltd. now owns 64,114 shares of the specialty retailer’s stock valued at $1,123,000 after acquiring an additional 11,241 shares in the last quarter. Alambic Investment Management L.P. acquired a new stake in shares of CSS Industries during the second quarter valued at about $299,000. Finally, LMR Partners LLP acquired a new stake in shares of CSS Industries during the second quarter valued at about $415,000. Institutional investors own 73.43% of the company’s stock.

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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