B. Riley reissued their buy rating on shares of Crown Crafts, Inc. (NASDAQ:CRWS) in a research report report published on Friday morning. B. Riley currently has a $7.50 target price on the textile maker’s stock. B. Riley also issued estimates for Crown Crafts’ FY2018 earnings at $0.52 EPS and FY2019 earnings at $0.60 EPS.
A number of other equities research analysts also recently weighed in on CRWS. FBR & Co raised Crown Crafts from a neutral rating to a buy rating and raised their target price for the company from $7.00 to $7.50 in a report on Friday, August 11th. Zacks Investment Research raised Crown Crafts from a sell rating to a buy rating and set a $6.75 price objective on the stock in a report on Tuesday, August 15th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $7.65.
Shares of Crown Crafts (CRWS) opened at $5.95 on Friday. The firm has a market capitalization of $61.02, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 2.16 and a beta of 0.34. Crown Crafts has a twelve month low of $5.40 and a twelve month high of $9.95.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend is Thursday, December 14th. Crown Crafts’s dividend payout ratio (DPR) is 68.09%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRWS. North Star Investment Management Corp. boosted its holdings in shares of Crown Crafts by 20.9% during the 2nd quarter. North Star Investment Management Corp. now owns 423,272 shares of the textile maker’s stock valued at $2,942,000 after acquiring an additional 73,206 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Crown Crafts during the 3rd quarter worth $234,000. Nationwide Fund Advisors raised its position in Crown Crafts by 185.4% during the 3rd quarter. Nationwide Fund Advisors now owns 40,810 shares of the textile maker’s stock worth $265,000 after purchasing an additional 26,510 shares during the last quarter. JPMorgan Chase & Co. raised its position in Crown Crafts by 3,825.5% during the 1st quarter. JPMorgan Chase & Co. now owns 23,553 shares of the textile maker’s stock worth $194,000 after purchasing an additional 22,953 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Crown Crafts during the 1st quarter worth $154,000. 43.36% of the stock is currently owned by institutional investors.
About Crown Crafts
Crown Crafts, Inc operates indirectly through its subsidiaries, Crown Crafts Infant Products, Inc, Hamco, Inc and Carousel Designs, LLC, in the infant and toddler products segment within the consumer products industry. The Company operates though the segment of infant and toddler products. These products consist of infant and toddler bedding, bibs, soft bath products, disposable products and accessories.
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