CSS Industries (NYSE:CSS)’s share price reached a new 52-week high and low during mid-day trading on Friday . The stock traded as low as $17.28 and last traded at $17.50, with a volume of 170400 shares trading hands. The stock had previously closed at $17.67.
Several equities analysts have recently issued reports on the stock. DA Davidson assumed coverage on shares of CSS Industries in a research note on Thursday, December 7th. They set a “buy” rating and a $31.50 price target for the company. TheStreet downgraded shares of CSS Industries from a “b-” rating to a “c+” rating in a research note on Thursday, February 15th. Finally, Zacks Investment Research downgraded shares of CSS Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 14th.
The company has a market cap of $159.59, a PE ratio of 12.41, a price-to-earnings-growth ratio of 3.21 and a beta of 1.17.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend was Wednesday, February 28th. CSS Industries’s dividend payout ratio is presently 56.74%.
In other news, Director Rebecca C. Matthias bought 20,100 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $20.95 per share, with a total value of $421,095.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.90% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in CSS Industries by 15.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,836 shares of the specialty retailer’s stock worth $232,000 after buying an additional 1,211 shares during the last quarter. Bank of New York Mellon Corp raised its stake in CSS Industries by 1.8% during the third 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 during the last quarter. Wells Fargo & Company MN raised its stake in CSS Industries by 62.9% during the third quarter. Wells Fargo & Company MN now owns 9,089 shares of the specialty retailer’s stock worth $262,000 after buying an additional 3,511 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in CSS Industries during the fourth quarter worth $117,000. Finally, California Public Employees Retirement System raised its stake in CSS Industries by 31.7% during the third quarter. California Public Employees Retirement System now owns 18,834 shares of the specialty retailer’s stock worth $543,000 after buying an additional 4,534 shares during the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.
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CSS Industries Company Profile
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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