Short Interest in CSS Industries Inc (NYSE:CSS) Rises By 31.3%

CSS Industries Inc (NYSE:CSS) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 41,100 shares, an increase of 31.3% from the June 30th total of 31,300 shares. Based on an average trading volume of 30,700 shares, the short-interest ratio is presently 1.3 days. Approximately 0.5% of the company’s shares are sold short.

Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of CSS Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. ValuEngine raised shares of CSS Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th.

Shares of NYSE:CSS traded down $0.15 during midday trading on Wednesday, hitting $4.68. 413 shares of the stock traded hands, compared to its average volume of 37,777. The stock has a market cap of $41.24 million, a PE ratio of -1.83 and a beta of 0.96. The stock’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 has a one year low of $4.14 and a one year high of $15.27.

CSS Industries (NYSE:CSS) last issued its quarterly earnings data on Thursday, August 1st. The specialty retailer reported ($1.36) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $59.40 million. Sell-side analysts expect that CSS Industries will post 0.56 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in CSS. BlackRock Inc. boosted its position in CSS Industries by 16.5% during the 4th quarter. BlackRock Inc. now owns 229,154 shares of the specialty retailer’s stock worth $2,055,000 after acquiring an additional 32,497 shares during the period. Bank of America Corp DE raised its stake in shares of CSS Industries by 94.6% during the 4th quarter. Bank of America Corp DE now owns 21,134 shares of the specialty retailer’s stock worth $190,000 after purchasing an additional 10,276 shares in the last quarter. Alambic Investment Management L.P. raised its stake in shares of CSS Industries by 55.0% during the 1st quarter. Alambic Investment Management L.P. now owns 76,579 shares of the specialty retailer’s stock worth $459,000 after purchasing an additional 27,164 shares in the last quarter. Brandes Investment Partners LP raised its stake in shares of CSS Industries by 12.3% during the 1st quarter. Brandes Investment Partners LP now owns 60,026 shares of the specialty retailer’s stock worth $359,000 after purchasing an additional 6,595 shares in the last quarter. Finally, Bragg Financial Advisors Inc purchased a new stake in shares of CSS Industries during the 1st quarter worth about $68,000. 62.61% of the stock is owned by institutional investors.

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.

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