Crown Crafts (NASDAQ:CRWS) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Crown Crafts (NASDAQ:CRWS) to a strong-buy rating in a research report released on Saturday morning.

Separately, Weiss Ratings upgraded shares of Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Crown Crafts Stock Down 1.0%

Shares of CRWS stock opened at $2.87 on Friday. The stock’s fifty day moving average price is $2.94 and its 200 day moving average price is $2.85. Crown Crafts has a 1-year low of $2.35 and a 1-year high of $3.14. The company has a market cap of $30.88 million, a price-to-earnings ratio of 6.11 and a beta of 0.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.20 and a quick ratio of 1.40.

Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings results on Wednesday, August 12th. The textile maker reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. The company had revenue of $16.77 million during the quarter, compared to analysts’ expectations of $20.90 million. Crown Crafts had a return on equity of 12.79% and a net margin of 5.99%.

Crown Crafts Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 11th. Crown Crafts’s dividend payout ratio is presently 68.09%.

Institutional Trading of Crown Crafts

Large investors have recently added to or reduced their stakes in the company. Cibc World Market Inc. purchased a new position in shares of Crown Crafts in the second quarter worth about $28,000. Mariner LLC acquired a new stake in shares of Crown Crafts during the fourth quarter worth about $28,000. XTX Topco Ltd purchased a new stake in Crown Crafts in the fourth quarter valued at approximately $32,000. GSA Capital Partners LLP purchased a new stake in Crown Crafts in the second quarter valued at approximately $34,000. Finally, HB Wealth Management LLC acquired a new position in Crown Crafts in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 30.23% of the company’s stock.

Crown Crafts Company Profile

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.