Crown Crafts, Inc. (NASDAQ:CRWS) insider Nanci Freeman sold 15,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $5.18, for a total transaction of $77,700.00. Following the transaction, the insider now owns 157,030 shares in the company, valued at approximately $813,415.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of CRWS traded up $0.03 during mid-day trading on Friday, hitting $5.25. 19,200 shares of the company’s stock were exchanged, compared to its average volume of 36,083. The firm has a fifty day moving average of $4.64 and a two-hundred day moving average of $5.01. Crown Crafts, Inc. has a twelve month low of $4.01 and a twelve month high of $6.15. The stock has a market cap of $49.79 million, a price-to-earnings ratio of 10.50 and a beta of 0.51. The company has a quick ratio of 2.48, a current ratio of 5.02 and a debt-to-equity ratio of 0.11.
Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings results on Wednesday, August 14th. The textile maker reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Crown Crafts had a net margin of 6.57% and a return on equity of 12.49%. The company had revenue of $15.94 million for the quarter, compared to analyst estimates of $15.60 million. On average, equities analysts predict that Crown Crafts, Inc. will post 0.52 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Mid Atlantic Financial Management Inc. ADV acquired a new position in shares of Crown Crafts during the 1st quarter worth $68,000. BlackRock Inc. increased its stake in shares of Crown Crafts by 15.1% during the 2nd quarter. BlackRock Inc. now owns 35,440 shares of the textile maker’s stock worth $167,000 after purchasing an additional 4,643 shares during the last quarter. LSV Asset Management grew its stake in Crown Crafts by 4.6% in the 1st quarter. LSV Asset Management now owns 53,864 shares of the textile maker’s stock valued at $277,000 after buying an additional 2,370 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in 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 during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Crown Crafts in the 2nd quarter valued at $324,000. Institutional investors own 40.05% of the company’s stock.
Several research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Crown Crafts from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of Crown Crafts from a “strong sell” rating to a “sell” rating in a research note on Thursday.
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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