Crown Crafts (CRWS) Rating Lowered to Sell at ValuEngine

ValuEngine downgraded shares of Crown Crafts (NASDAQ:CRWS) from a hold rating to a sell rating in a research note published on Thursday morning.

Separately, DA Davidson started coverage on Crown Crafts in a research report on Thursday, November 29th. They set a neutral rating and a $6.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $6.50.

CRWS stock traded up $0.01 during midday trading on Thursday, hitting $5.82. The company’s stock had a trading volume of 5,868 shares, compared to its average volume of 14,408. The company has a current ratio of 4.25, a quick ratio of 2.03 and a debt-to-equity ratio of 0.11. Crown Crafts has a 1 year low of $5.00 and a 1 year high of $7.54. The stock has a market cap of $60.15 million, a P/E ratio of 10.67 and a beta of 0.61.

Crown Crafts (NASDAQ:CRWS) last posted its quarterly earnings data on Thursday, November 8th. The textile maker reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Crown Crafts had a return on equity of 12.97% and a net margin of 5.06%. The business had revenue of $20.54 million for the quarter. As a group, analysts forecast that Crown Crafts will post 0.53 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 4th. Stockholders of record on Friday, December 14th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, December 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.50%. Crown Crafts’s dividend payout ratio is presently 59.26%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Skylands Capital LLC purchased a new position in shares of Crown Crafts during the 3rd quarter valued at $428,000. Renaissance Technologies LLC lifted its position in shares of Crown Crafts by 17.2% during the 2nd quarter. Renaissance Technologies LLC now owns 356,440 shares of the textile maker’s stock valued at $2,032,000 after buying an additional 52,340 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its position in shares of Crown Crafts by 11.2% during the 3rd quarter. North Star Investment Management Corp. now owns 743,474 shares of the textile maker’s stock valued at $4,238,000 after buying an additional 74,771 shares during the last quarter. 39.10% of the stock is currently owned by hedge funds and other institutional investors.

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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