ValuEngine lowered shares of Crown Crafts (NASDAQ:CRWS) from a buy rating to a hold rating in a report published on Friday.
A number of other analysts have also weighed in on CRWS. Zacks Investment Research lowered shares of Crown Crafts from a hold rating to a sell rating in a report on Tuesday, January 23rd. B. Riley reissued a buy rating and issued a $7.50 price target on shares of Crown Crafts in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $7.81.
Shares of Crown Crafts (NASDAQ CRWS) opened at $7.18 on Friday. The firm has a market cap of $72.43, a P/E ratio of 15.28, a P/E/G ratio of 2.39 and a beta of 0.41. Crown Crafts has a fifty-two week low of $5.40 and a fifty-two week high of $8.70.
Crown Crafts (NASDAQ:CRWS) last issued its quarterly earnings results on Thursday, November 9th. The textile maker reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The company had revenue of $16.46 million during the quarter, compared to analyst estimates of $17.08 million. Crown Crafts had a net margin of 7.29% and a return on equity of 12.93%. equities research analysts anticipate that Crown Crafts will post 0.6 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. acquired a new stake in Crown Crafts during the 3rd quarter worth $114,000. Dimensional Fund Advisors LP acquired a new stake in Crown Crafts during the 3rd quarter worth $234,000. Nationwide Fund Advisors grew its holdings in Crown Crafts by 185.4% during the 3rd quarter. Nationwide Fund Advisors now owns 40,810 shares of the textile maker’s stock worth $265,000 after acquiring an additional 26,510 shares during the period. Synovus Financial Corp grew its holdings 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 acquiring an additional 8,400 shares during the period. Finally, Vanguard Group Inc. grew its holdings 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 acquiring an additional 1,706 shares during the period. 42.15% of the stock is owned by hedge funds and other institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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