Crown Crafts (NASDAQ:CRWS) Downgraded to Strong Sell at ValuEngine

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

Separately, Zacks Investment Research raised Crown Crafts from a sell rating to a hold rating in a report on Wednesday, August 14th.

Shares of Crown Crafts stock traded down $0.13 during mid-day trading on Friday, reaching $5.26. 43,895 shares of the stock traded hands, compared to its average volume of 19,548. The business has a 50-day moving average of $5.07 and a 200 day moving average of $4.97. Crown Crafts has a fifty-two week low of $4.01 and a fifty-two week high of $6.15. The stock has a market capitalization of $54.54 million, a PE ratio of 9.80 and a beta of 0.44. The company has a quick ratio of 1.47, a current ratio of 3.23 and a debt-to-equity ratio of 0.02.

Crown Crafts (NASDAQ:CRWS) last announced its earnings results on Wednesday, August 14th. The textile maker reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Crown Crafts had a return on equity of 13.54% and a net margin of 7.59%. The business had revenue of $15.94 million during the quarter, compared to analysts’ expectations of $15.60 million. On average, equities research analysts expect that Crown Crafts will post 0.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.32 annualized dividend and a dividend yield of 6.08%. Crown Crafts’s dividend payout ratio is presently 64.00%.

In related news, insider Nanci Freeman sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $5.18, for a total value of $77,700.00. Following the completion of the sale, the insider now owns 157,030 shares of the company’s stock, valued at $813,415.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.63% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of CRWS. Mid Atlantic Financial Management Inc. ADV acquired a new stake in shares of Crown Crafts in the first quarter valued at approximately $68,000. BlackRock Inc. increased its holdings in shares of Crown Crafts by 15.1% in the second quarter. BlackRock Inc. now owns 35,440 shares of the textile maker’s stock valued at $167,000 after purchasing an additional 4,643 shares during the last quarter. River & Mercantile Asset Management LLP acquired a new stake in shares of Crown Crafts in the second quarter valued at approximately $269,000. LSV Asset Management increased its holdings in shares of Crown Crafts by 4.6% in the first quarter. LSV Asset Management now owns 53,864 shares of the textile maker’s stock valued at $277,000 after purchasing an additional 2,370 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Crown Crafts in the second quarter valued at approximately $324,000. 33.59% of the stock is owned by hedge funds and other institutional investors.

Crown Crafts Company Profile

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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