Crown Crafts, Inc. (NASDAQ:CRWS) – Equities researchers at B. Riley lowered their FY2018 EPS estimates for shares of Crown Crafts in a report issued on Friday. B. Riley analyst E. Beder now expects that the textile maker will earn $0.52 per share for the year, down from their prior estimate of $0.56. B. Riley has a “Buy” rating and a $7.50 price objective on the stock. B. Riley also issued estimates for Crown Crafts’ FY2019 earnings at $0.60 EPS.
A number of other brokerages also recently commented on CRWS. Zacks Investment Research downgraded shares of Crown Crafts from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. FBR & Co raised shares of Crown Crafts from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $7.00 to $7.50 in a research note on Friday, August 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $7.65.
Crown Crafts (CRWS) opened at $6.05 on Monday. Crown Crafts has a 52 week low of $5.40 and a 52 week high of $9.95. The company has a market cap of $61.02, a PE ratio of 12.10, a price-to-earnings-growth ratio of 2.16 and a beta of 0.34.
Crown Crafts (NASDAQ:CRWS) last posted its quarterly earnings results on Thursday, August 10th. The textile maker reported $0.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Crown Crafts had a net margin of 7.29% and a return on equity of 12.93%. The firm had revenue of $13.65 million for the quarter, compared to the consensus estimate of $13.49 million.
Hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. acquired a new stake in shares of Crown Crafts during the third quarter valued at about $114,000. Goldman Sachs Group Inc. acquired a new stake in shares of Crown Crafts during the first quarter valued at about $154,000. JPMorgan Chase & Co. increased its position in shares of Crown Crafts by 3,825.5% during the first quarter. JPMorgan Chase & Co. now owns 23,553 shares of the textile maker’s stock valued at $194,000 after acquiring an additional 22,953 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Crown Crafts by 185.4% during the third quarter. Nationwide Fund Advisors now owns 40,810 shares of the textile maker’s stock valued at $265,000 after acquiring an additional 26,510 shares during the last quarter. Finally, Synovus Financial Corp increased its position in shares of Crown Crafts by 2.4% during the second quarter. Synovus Financial Corp now owns 110,463 shares of the textile maker’s stock valued at $768,000 after acquiring an additional 2,600 shares during the last quarter. 43.36% of the stock is currently owned by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Thursday, December 14th. Crown Crafts’s dividend payout ratio (DPR) is presently 68.09%.
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.
Receive News & Ratings for Crown Crafts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Crafts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.