Crown Crafts (NASDAQ:CRWS) Downgraded by ValuEngine

ValuEngine downgraded shares of Crown Crafts (NASDAQ:CRWS) from a sell rating to a strong sell rating in a research report released on Saturday morning, ValuEngine reports.

Shares of NASDAQ:CRWS opened at $4.47 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.02 and a quick ratio of 2.48. Crown Crafts has a 52-week low of $4.01 and a 52-week high of $6.15. The firm has a fifty day moving average of $4.84. The stock has a market capitalization of $44.02 million, a P/E ratio of 8.94 and a beta of 0.57.

Crown Crafts (NASDAQ:CRWS) last issued its quarterly earnings data on Thursday, June 13th. The textile maker reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Crown Crafts had a net margin of 6.57% and a return on equity of 12.49%. The company had revenue of $21.72 million during the quarter, compared to analysts’ expectations of $20.40 million. Sell-side analysts forecast that Crown Crafts will post 0.52 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a $0.08 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.32 annualized dividend and a dividend yield of 7.16%. Crown Crafts’s dividend payout ratio is currently 64.00%.

Several large investors have recently modified their holdings of the company. LSV Asset Management grew its holdings in shares of Crown Crafts by 4.6% in the first 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 during the last quarter. Mid Atlantic Financial Management Inc. ADV purchased a new stake in Crown Crafts in the first quarter worth about $68,000. North Star Investment Management Corp. lifted its stake in Crown Crafts by 3.1% in the first quarter. North Star Investment Management Corp. now owns 813,436 shares of the textile maker’s stock worth $4,197,000 after acquiring an additional 24,157 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Crown Crafts by 375.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 195,393 shares of the textile maker’s stock worth $1,055,000 after acquiring an additional 154,318 shares during the period. Institutional investors and hedge funds own 37.54% of the company’s stock.

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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