Crown Crafts, Inc. (NASDAQ:CRWS) Short Interest Update

Crown Crafts, Inc. (NASDAQ:CRWS) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 30,017 shares, an increase of 77.8% from the August 15th total of 16,886 shares. Based on an average daily volume of 107,309 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Beacon Pointe Advisors LLC purchased a new stake in shares of Crown Crafts in the 2nd quarter valued at approximately $88,000. Empowered Funds LLC purchased a new stake in shares of Crown Crafts in the second quarter valued at $173,000. Cibc World Market Inc. acquired a new stake in shares of Crown Crafts in the second quarter worth $28,000. De Lisle Partners LLP acquired a new stake in shares of Crown Crafts in the second quarter worth $1,178,000. Finally, Deutsche Bank AG purchased a new position in shares of Crown Crafts during the second quarter valued at $82,000. 30.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CRWS shares. Wall Street Zen raised Crown Crafts to a “strong-buy” rating in a research note on Saturday, August 29th. Weiss Ratings raised shares of Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, June 26th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Crown Crafts Price Performance

Shares of CRWS traded up $0.01 during trading hours on Wednesday, hitting $2.56. 76,245 shares of the company were exchanged, compared to its average volume of 50,758. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.20 and a quick ratio of 1.40. The company has a market capitalization of $27.49 million, a PE ratio of 5.44 and a beta of 0.63. The firm has a fifty day simple moving average of $2.90 and a 200-day simple moving average of $2.82. Crown Crafts has a one year low of $2.35 and a one year high of $3.14.

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

Crown Crafts Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.12 dividend on an annualized basis and a yield of 4.7%. Crown Crafts’s dividend payout ratio is currently 25.53%.

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.