CSS Industries Inc (CSS) Shares Sold by Brandes Investment Partners LP
Brandes Investment Partners LP cut its stake in CSS Industries Inc (NYSE:CSS) by 60.5% during the second quarter, Holdings Channel reports. The firm owned 41,558 shares of the specialty retailer’s stock after selling 63,657 shares during the period. Brandes Investment Partners LP’s holdings in CSS Industries were worth $702,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of CSS. BlackRock Inc. grew its holdings in CSS Industries by 0.6% during the 1st quarter. BlackRock Inc. now owns 591,556 shares of the specialty retailer’s stock worth $10,352,000 after acquiring an additional 3,569 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in CSS Industries during the 4th quarter worth about $117,000. Schwab Charles Investment Management Inc. grew its holdings in CSS Industries by 32.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 21,530 shares of the specialty retailer’s stock worth $377,000 after acquiring an additional 5,300 shares in the last quarter. Cigna Investments Inc. New grew its holdings in CSS Industries by 94.0% during the 1st quarter. Cigna Investments Inc. New now owns 14,775 shares of the specialty retailer’s stock worth $259,000 after acquiring an additional 7,160 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new position in CSS Industries during the 1st quarter worth about $192,000. Hedge funds and other institutional investors own 77.21% of the company’s stock.
Several research analysts have issued reports on CSS shares. DA Davidson upgraded shares of CSS Industries from a “neutral” rating to a “buy” rating and set a $31.50 target price on the stock in a report on Monday, June 4th. TheStreet cut shares of CSS Industries from a “c” rating to a “d+” rating in a report on Friday, June 1st. Finally, Zacks Investment Research cut shares of CSS Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 6th.
Shares of CSS Industries stock opened at $13.76 on Wednesday. The company has a current ratio of 3.52, a quick ratio of 1.60 and a debt-to-equity ratio of 0.17. CSS Industries Inc has a 1 year low of $13.56 and a 1 year high of $30.29. The stock has a market cap of $126.58 million, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 6.31 and a beta of 0.84.
CSS Industries (NYSE:CSS) last issued its earnings results on Wednesday, August 1st. The specialty retailer reported ($1.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.68). CSS Industries had a positive return on equity of 1.11% and a negative net margin of 12.69%. The business had revenue of $64.13 million for the quarter, compared to the consensus estimate of $68.40 million. equities research analysts forecast that CSS Industries Inc will post 0.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.81%. The ex-dividend date is Thursday, August 30th. CSS Industries’s payout ratio is 72.73%.
CSS Industries 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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