Crown Crafts, Inc. (NASDAQ:CRWS – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 29,866 shares, an increase of 74.5% from the July 15th total of 17,112 shares. Based on an average daily volume of 51,691 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are short sold.
Crown Crafts Stock Performance
Shares of CRWS stock traded up $0.10 on Monday, reaching $2.94. The stock had a trading volume of 159,991 shares, compared to its average volume of 44,338. The stock has a market cap of $31.69 million, a P/E ratio of 6.27 and a beta of 0.64. Crown Crafts has a 1 year low of $2.35 and a 1 year high of $3.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 3.20. The company has a 50 day simple moving average of $2.91 and a 200 day simple moving average of $2.85.
Crown Crafts (NASDAQ:CRWS – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The textile maker reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. The company had revenue of $16.77 million during the quarter, compared to analyst estimates 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
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Report on CRWS
Institutional Investors Weigh In On Crown Crafts
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Institute for Wealth Management LLC. purchased a new position in shares of Crown Crafts in the fourth quarter worth approximately $28,000. Cibc World Market Inc. purchased a new stake in Crown Crafts during the second quarter valued at approximately $28,000. Mariner LLC purchased a new stake in Crown Crafts during the fourth quarter valued at approximately $28,000. XTX Topco Ltd purchased a new stake in Crown Crafts during the fourth quarter valued at approximately $32,000. Finally, GSA Capital Partners LLP bought a new position in Crown Crafts in the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 30.23% of the company’s stock.
About Crown Crafts
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.
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