Crown Crafts (NASDAQ:CRWS) Upgraded to “Sell” by ValuEngine

ValuEngine upgraded shares of Crown Crafts (NASDAQ:CRWS) from a strong sell rating to a sell rating in a research report report published on Thursday, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Crown Crafts from a sell rating to a hold rating in a research report on Wednesday.

CRWS stock traded down $0.11 during midday trading on Thursday, reaching $5.14. 500 shares of the company’s stock traded hands, compared to its average volume of 27,929. Crown Crafts has a 52-week low of $4.01 and a 52-week high of $6.15. The stock has a market cap of $49.79 million, a P/E ratio of 10.28 and a beta of 0.51. The company has a current ratio of 5.02, a quick ratio of 2.48 and a debt-to-equity ratio of 0.11. The stock’s 50-day moving average is $4.63 and its 200 day moving average is $5.01.

Crown Crafts (NASDAQ:CRWS) last posted its quarterly earnings results on Wednesday, August 14th. The textile maker reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The business had revenue of $15.94 million during the quarter, compared to analyst estimates of $15.60 million. Crown Crafts had a net margin of 6.57% and a return on equity of 12.49%. As a group, research analysts expect that Crown Crafts will post 0.52 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.23%. Crown Crafts’s dividend payout ratio is 64.00%.

Large investors have recently modified their holdings of the stock. Mid Atlantic Financial Management Inc. ADV purchased a new position in Crown Crafts during the 1st quarter valued at about $68,000. BlackRock Inc. boosted its holdings in shares of Crown Crafts by 15.1% in the 2nd quarter. BlackRock Inc. now owns 35,440 shares of the textile maker’s stock valued at $167,000 after buying an additional 4,643 shares in the last quarter. Essex Investment Management Co. LLC boosted its holdings in shares of Crown Crafts by 72.3% in the 2nd quarter. Essex Investment Management Co. LLC now owns 57,140 shares of the textile maker’s stock valued at $269,000 after buying an additional 23,975 shares in the last quarter. LSV Asset Management raised its position in Crown Crafts by 4.6% during the 1st quarter. LSV Asset Management now owns 53,864 shares of the textile maker’s stock worth $277,000 after buying an additional 2,370 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Crown Crafts in the 2nd quarter worth $324,000. Hedge funds and other institutional investors own 40.05% of the company’s stock.

About Crown Crafts

Crown Crafts, Inc, through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods.

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