Millennium Management LLC increased its position in CSS Industries Inc (NYSE:CSS) by 216.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 214,206 shares of the specialty retailer’s stock after acquiring an additional 146,508 shares during the period. Millennium Management LLC’s holdings in CSS Industries were worth $3,620,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CSS. A.R.T. Advisors LLC acquired a new position in CSS Industries during the 1st quarter valued at about $192,000. Alambic Investment Management L.P. acquired a new position in CSS Industries during the 2nd quarter valued at about $299,000. Schwab Charles Investment Management Inc. increased its stake 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 valued at $377,000 after buying an additional 5,300 shares during the period. LMR Partners LLP acquired a new position in CSS Industries during the 2nd quarter valued at about $415,000. Finally, Marquette Asset Management LLC acquired a new position in CSS Industries during the 2nd quarter valued at about $455,000. 73.50% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised shares of CSS Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, August 6th.

CSS Industries stock opened at $13.42 on Friday. The stock has a market cap of $121.20 million, a price-to-earnings ratio of 42.87, a P/E/G ratio of 6.04 and a beta of 0.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.60 and a current ratio of 3.52. CSS Industries Inc has a 52 week low of $12.90 and a 52 week high of $30.29.

CSS Industries (NYSE:CSS) last released its earnings results on Wednesday, August 1st. The specialty retailer reported ($1.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.68). The company had revenue of $64.13 million for the quarter, compared to analyst estimates of $68.40 million. CSS Industries had a negative net margin of 12.69% and a positive return on equity of 1.11%. As a group, research analysts forecast that CSS Industries Inc will post 0.44 earnings per share for the current year.

In other CSS Industries news, CEO Christopher J. Munyan acquired 2,000 shares of the stock in a transaction dated Monday, August 6th. The shares were bought at an average price of $14.54 per share, with a total value of $29,080.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have acquired 6,747 shares of company stock worth $96,267. 5.10% of the stock is owned by corporate insiders.

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.

Further Reading: Earnings Per Share

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Institutional Ownership by Quarter for CSS Industries (NYSE:CSS)

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