Crown Crafts (CRWS) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Crown Crafts (NASDAQ:CRWS) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

According to Zacks, “Crown Crafts, Inc. operates, both directly and indirectly through its subsidiaries, in two principal business segments within the textile industry: Adult Home Furnishing and Juvenile Products, and Infant Products. Adult Home Furnishing and Juvenile Products consists of Bedroom Products, Throws and Decorative Home Accessories, and Juvenile Products. The Infant Products segment consists of infant bedding, bibs, infant soft goods and accessories. “

CRWS has been the topic of a number of other reports. ValuEngine downgraded Crown Crafts from a buy rating to a hold rating in a research note on Friday. B. Riley reissued a buy rating and issued a $7.50 price objective on shares of Crown Crafts in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Crown Crafts presently has a consensus rating of Hold and a consensus target price of $7.81.

Crown Crafts (CRWS) opened at $7.18 on Friday. The company has a market capitalization of $72.62, a PE ratio of 15.28, a price-to-earnings-growth ratio of 2.39 and a beta of 0.41. Crown Crafts has a twelve month low of $5.40 and a twelve month high of $8.70.

Crown Crafts (NASDAQ:CRWS) last announced its earnings results on Thursday, November 9th. The textile maker reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). The company had revenue of $16.46 million for the quarter, compared to analyst estimates of $17.08 million. Crown Crafts had a return on equity of 12.93% and a net margin of 7.29%. equities research analysts predict that Crown Crafts will post 0.6 EPS for the current year.

Several large investors have recently made changes to their positions in CRWS. Macquarie Group Ltd. acquired a new position in shares of Crown Crafts in the 3rd quarter valued at about $114,000. Dimensional Fund Advisors LP acquired a new position in shares of Crown Crafts in the 3rd quarter valued at about $234,000. Nationwide Fund Advisors lifted its stake in shares of Crown Crafts by 185.4% in the 3rd quarter. Nationwide Fund Advisors now owns 40,810 shares of the textile maker’s stock valued at $265,000 after purchasing an additional 26,510 shares during the period. Synovus Financial Corp lifted its stake in shares of Crown Crafts by 7.6% in the 3rd quarter. Synovus Financial Corp now owns 118,863 shares of the textile maker’s stock valued at $773,000 after purchasing an additional 8,400 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Crown Crafts by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 380,694 shares of the textile maker’s stock valued at $2,627,000 after purchasing an additional 1,706 shares during the period. 42.25% of the stock is currently owned by institutional investors.

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Crown Crafts Company Profile

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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