CSS Industries (CSS) Coverage Initiated at DA Davidson

Analysts at DA Davidson started coverage on shares of CSS Industries (NYSE:CSS) in a report issued on Thursday. The firm set a “buy” rating on the specialty retailer’s stock.

Separately, TheStreet raised shares of CSS Industries from a “c+” rating to a “b-” rating in a research report on Friday, October 6th.

CSS Industries (NYSE CSS) traded down $0.17 during trading hours on Thursday, reaching $26.73. 23,811 shares of the company were exchanged, compared to its average volume of 31,273. CSS Industries has a 1-year low of $23.16 and a 1-year high of $30.29. The company has a market capitalization of $245.29, a price-to-earnings ratio of 23.01 and a beta of 1.01.

A number of hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its holdings in 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 buying an additional 4,534 shares during the period. Wells Fargo & Company MN increased its holdings in 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 buying an additional 3,511 shares during the period. Virginia Retirement Systems ET AL bought a new position in CSS Industries in the 3rd quarter valued at about $208,000. SG Americas Securities LLC bought a new position in CSS Industries in the 3rd quarter valued at about $266,000. 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 valued at $4,323,000 after buying an additional 2,631 shares during the period. 81.83% of the stock is currently owned by hedge funds and other institutional investors.

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About CSS Industries

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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