CSS Industries (NYSE:CSS) Lifted to “Buy” at ValuEngine – Riverton Roll

Posted by Amelie Mason on Aug 13th, 2019

CSS Industries (NYSE:CSS) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday, August 6th, ValuEngine reports.

Separately, Zacks Investment Research raised shares of CSS Industries from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th.

Shares of CSS opened at $4.64 on Tuesday. CSS Industries has a 12 month low of $4.14 and a 12 month high of $15.27. The business’s 50-day simple moving average is $5.06. 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 posted its earnings results on Thursday, August 1st. The specialty retailer reported ($1.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.72). CSS Industries had a negative net margin of 13.13% and a negative return on equity of 6.98%. The firm had revenue of $57.54 million during the quarter, compared to the consensus estimate of $59.40 million. As a group, sell-side analysts anticipate that CSS Industries will post 0.56 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in CSS. Bragg Financial Advisors Inc bought a new stake in shares of CSS Industries in the 1st quarter valued at about $68,000. Bank of America Corp DE grew its stake in CSS Industries by 94.6% in the 4th quarter. Bank of America Corp DE now owns 21,134 shares of the specialty retailer’s stock valued at $190,000 after buying an additional 10,276 shares during the last quarter. Brandes Investment Partners LP grew its stake in CSS Industries by 12.3% in the 1st quarter. Brandes Investment Partners LP now owns 60,026 shares of the specialty retailer’s stock valued at $359,000 after buying an additional 6,595 shares during the last quarter. Bank of New York Mellon Corp grew its stake in CSS Industries by 12.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 70,171 shares of the specialty retailer’s stock valued at $342,000 after buying an additional 7,850 shares during the last quarter. Finally, Alambic Investment Management L.P. grew its stake in CSS Industries by 55.0% in the 1st quarter. Alambic Investment Management L.P. now owns 76,579 shares of the specialty retailer’s stock valued at $459,000 after buying an additional 27,164 shares during the last quarter. 62.61% of the stock is owned by hedge funds and other institutional investors.

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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