Shares of Crown Crafts, Inc. (NASDAQ:CRWS) have earned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $7.50.
CRWS has been the subject of a number of research analyst reports. B. Riley reaffirmed a “buy” rating and set a $7.50 price objective on shares of Crown Crafts in a research note on Friday, November 10th. ValuEngine downgraded shares of Crown Crafts from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded shares of Crown Crafts from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, Roth Capital reissued a “buy” rating on shares of Crown Crafts in a research report on Thursday, February 8th.
Crown Crafts (NASDAQ:CRWS) opened at $6.60 on Monday. Crown Crafts has a one year low of $5.40 and a one year high of $8.70. The company has a current ratio of 2.89, a quick ratio of 1.15 and a debt-to-equity ratio of 0.06. The company has a market cap of $66.57, a PE ratio of 20.00, a PEG ratio of 2.93 and a beta of 0.41.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Friday, March 16th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Thursday, March 15th. Crown Crafts’s dividend payout ratio (DPR) is presently 96.97%.
In related news, Director Patricia Stensrud sold 4,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $6.47, for a total transaction of $25,880.00. Following the completion of the sale, the director now owns 39,250 shares of the company’s stock, valued at approximately $253,947.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 14.17% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. increased its position in Crown Crafts by 4.6% during the 4th quarter. North Star Investment Management Corp. now owns 573,622 shares of the textile maker’s stock worth $3,700,000 after purchasing an additional 25,368 shares in the last quarter. Vanguard Group Inc. increased its position in Crown Crafts by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 380,694 shares of the textile maker’s stock worth $2,627,000 after purchasing an additional 1,706 shares in the last quarter. Renaissance Technologies LLC increased its position in Crown Crafts by 6.2% during the 4th quarter. Renaissance Technologies LLC now owns 304,529 shares of the textile maker’s stock worth $1,964,000 after purchasing an additional 17,729 shares in the last quarter. Synovus Financial Corp increased its position in Crown Crafts by 7.6% during the 3rd quarter. Synovus Financial Corp now owns 118,863 shares of the textile maker’s stock worth $773,000 after purchasing an additional 8,400 shares in the last quarter. Finally, Deutsche Bank AG increased its position in Crown Crafts by 14.0% during the 4th quarter. Deutsche Bank AG now owns 64,602 shares of the textile maker’s stock worth $416,000 after purchasing an additional 7,945 shares in the last quarter. 41.74% of the stock is owned by hedge funds and other institutional investors.
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.
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