CSS Industries (CSS) Coverage Initiated by Analysts at DA Davidson

DA Davidson began coverage on shares of CSS Industries (NYSE:CSS) in a report published on Thursday morning. The firm issued a buy rating and a $31.50 target price on the specialty retailer’s stock.

Separately, TheStreet downgraded CSS Industries from a b rating to a c+ rating in a report on Wednesday, August 16th.

CSS Industries (NYSE:CSS) opened at $27.31 on Thursday. CSS Industries has a twelve month low of $23.16 and a twelve month high of $30.29. The firm has a market capitalization of $248.84, a price-to-earnings ratio of 23.34 and a beta of 1.01.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.93%. CSS Industries’s payout ratio is presently 35.24%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp increased its holdings in CSS Industries by 3.4% in the 2nd quarter. Northern Trust Corp now owns 340,076 shares of the specialty retailer’s stock worth $8,896,000 after buying an additional 11,054 shares in the last quarter. Vanguard Group Inc. increased its holdings in CSS Industries by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 333,334 shares of the specialty retailer’s stock worth $8,720,000 after buying an additional 7,314 shares in the last quarter. Walthausen & Co. LLC increased its holdings in CSS Industries by 2.6% in the 2nd quarter. Walthausen & Co. LLC now owns 291,061 shares of the specialty retailer’s stock worth $7,614,000 after buying an additional 7,412 shares in the last quarter. State Street Corp increased its holdings in CSS Industries by 8.8% in the 2nd quarter. State Street Corp now owns 258,145 shares of the specialty retailer’s stock worth $6,750,000 after buying an additional 20,940 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in CSS Industries by 1.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 150,021 shares of the specialty retailer’s stock worth $4,323,000 after buying an additional 2,631 shares in the last quarter. Institutional investors own 81.83% of the company’s stock.

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CSS Industries Company Profile

CSS Industries, Inc is a consumer products company, which is engaged in the design, manufacture, procurement, distribution and sale of non-durable all occasion and seasonal social expression products, principally to mass market retailers in the United States and Canada. The Company’s occasion and seasonal products include classroom exchange Valentines, infant products, journals, buttons, gift wrap, floral accessories, craft and educational products, Easter egg dyes and novelties, memory books, scrapbooks, stickers, stationery and other items.

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