Crown Crafts, Inc. (NASDAQ:CRWS – Get Free Report) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 22,500 shares, an increase of 100.9% from the December 31st total of 11,200 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 20,400 shares, the days-to-cover ratio is currently 1.1 days.
Crown Crafts Price Performance
Shares of CRWS remained flat at $4.50 during trading hours on Friday. 15,417 shares of the company were exchanged, compared to its average volume of 17,175. The company has a current ratio of 3.32, a quick ratio of 1.51 and a debt-to-equity ratio of 0.37. Crown Crafts has a 1-year low of $4.21 and a 1-year high of $5.97. The company’s 50 day moving average is $4.52 and its 200-day moving average is $4.67. The company has a market cap of $46.76 million, a P/E ratio of 14.06 and a beta of 0.84.
Crown Crafts (NASDAQ:CRWS – Get Free Report) last released its earnings results on Tuesday, November 12th. The textile maker reported $0.14 earnings per share (EPS) for the quarter. Crown Crafts had a return on equity of 7.57% and a net margin of 3.73%. The firm had revenue of $24.46 million during the quarter.
Crown Crafts Announces Dividend
Institutional Investors Weigh In On Crown Crafts
Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in Crown Crafts by 11.8% during the third quarter. Geode Capital Management LLC now owns 94,480 shares of the textile maker’s stock worth $454,000 after acquiring an additional 9,988 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Crown Crafts by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 242,640 shares of the textile maker’s stock worth $1,269,000 after acquiring an additional 3,596 shares during the last quarter. Lakewood Asset Management LLC lifted its position in Crown Crafts by 9.2% during the third quarter. Lakewood Asset Management LLC now owns 27,375 shares of the textile maker’s stock worth $131,000 after acquiring an additional 2,300 shares during the last quarter. Cannon Financial Strategists Inc. lifted its position in Crown Crafts by 16.7% during the third quarter. Cannon Financial Strategists Inc. now owns 22,940 shares of the textile maker’s stock worth $114,000 after acquiring an additional 3,278 shares during the last quarter. Finally, Synovus Financial Corp lifted its position in Crown Crafts by 14.7% during the third quarter. Synovus Financial Corp now owns 278,113 shares of the textile maker’s stock worth $1,335,000 after acquiring an additional 35,565 shares during the last quarter. 30.23% of the stock is currently owned by institutional investors and hedge funds.
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; dolls and plush toys; 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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