Schwab Charles Investment Management Inc. decreased its stake in CSS Industries (NYSE:CSS) by 10.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 16,230 shares of the specialty retailer’s stock after selling 1,970 shares during the period. Schwab Charles Investment Management Inc.’s holdings in CSS Industries were worth $452,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL acquired a new position in shares of CSS Industries in the 3rd quarter valued at $208,000. The Manufacturers Life Insurance Company boosted its position in shares of CSS Industries by 15.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,836 shares of the specialty retailer’s stock valued at $232,000 after purchasing an additional 1,211 shares during the period. Wells Fargo & Company MN boosted its position in shares of CSS Industries by 62.9% in the 3rd quarter. Wells Fargo & Company MN now owns 9,089 shares of the specialty retailer’s stock valued at $262,000 after purchasing an additional 3,511 shares during the period. SG Americas Securities LLC acquired a new position in shares of CSS Industries in the 3rd quarter valued at $266,000. Finally, California Public Employees Retirement System boosted its position in shares of CSS Industries by 31.7% in the 3rd quarter. California Public Employees Retirement System now owns 18,834 shares of the specialty retailer’s stock valued at $543,000 after purchasing an additional 4,534 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.
A number of equities analysts recently weighed in on CSS shares. Zacks Investment Research lowered CSS Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 14th. TheStreet lowered CSS Industries from a “b-” rating to a “c+” rating in a research report on Thursday, February 15th. Finally, DA Davidson lowered CSS Industries from a “buy” rating to a “neutral” rating in a research report on Friday, February 9th.
CSS Industries (NYSE:CSS) last announced its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.15. The firm had revenue of $130.64 million during the quarter, compared to the consensus estimate of $134.50 million. CSS Industries had a positive return on equity of 4.51% and a negative net margin of 0.96%. research analysts expect that CSS Industries will post 1.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.57%. The ex-dividend date was Wednesday, February 28th. CSS Industries’s dividend payout ratio is currently 56.74%.
In other CSS Industries news, Director Rebecca C. Matthias acquired 20,100 shares of CSS Industries stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $20.95 per share, with a total value of $421,095.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.90% of the stock is currently owned by corporate insiders.
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About CSS Industries
CSS Industries, Inc, a consumer products company, designs, manufactures, procures, distributes, and sells seasonal, celebrations, and craft social expression products principally to mass market retailers in the United States and Canada. Its craft and celebrations consumer products include craft ribbon and buttons, sewing patterns, infant products, journals, all occasion boxed greeting cards, gift card holders, gift bags, gift wrap, floral accessories, memory books, scrapbooks, stationery, stickers, and other gift and craft items.
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