Crown Crafts (CRWS) Downgraded to Strong Sell at ValuEngine

ValuEngine cut shares of Crown Crafts (NASDAQ:CRWS) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday, ValuEngine reports.

Shares of CRWS opened at $4.51 on Tuesday. Crown Crafts has a 12-month low of $4.01 and a 12-month high of $6.25. The company has a current ratio of 3.46, a quick ratio of 1.48 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $52.94 million, a P/E ratio of 8.35 and a beta of 0.57.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date is Thursday, June 13th. Crown Crafts’s dividend payout ratio is currently 59.26%.



Institutional investors and hedge funds have recently modified their holdings of the stock. Essex Investment Management Co. LLC bought a new position in shares of Crown Crafts in the 4th quarter worth $164,000. North Star Investment Management Corp. lifted its holdings in shares of Crown Crafts by 3.1% in the 1st quarter. North Star Investment Management Corp. now owns 813,436 shares of the textile maker’s stock worth $4,197,000 after purchasing an additional 24,157 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Crown Crafts by 375.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 195,393 shares of the textile maker’s stock worth $1,055,000 after purchasing an additional 154,318 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Crown Crafts by 1.0% in the 1st quarter. Renaissance Technologies LLC now owns 310,400 shares of the textile maker’s stock worth $1,602,000 after purchasing an additional 3,200 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Crown Crafts by 4.6% in the 1st quarter. LSV Asset Management now owns 53,864 shares of the textile maker’s stock worth $277,000 after purchasing an additional 2,370 shares in the last quarter. Institutional investors own 37.90% 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.

Further Reading: Fundamental Analysis and Individual Investors

To view ValuEngine’s full report, visit ValuEngine’s official website.

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