Wall Street Zen upgraded shares of Crown Crafts (NASDAQ:CRWS – Free Report) to a strong-buy rating in a report published on Saturday morning,Wall Street Zen reports.
Separately, Weiss Ratings upgraded Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.
View Our Latest Analysis on CRWS
Crown Crafts Trading Down 1.7%
Crown Crafts (NASDAQ:CRWS – Get Free Report) last announced its earnings results on Wednesday, August 12th. The textile maker reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. The firm had revenue of $16.77 million during the quarter, compared to analyst estimates of $20.90 million. Crown Crafts had a net margin of 5.99% and a return on equity of 12.79%.
Crown Crafts Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.12 annualized dividend and a dividend yield of 4.3%. Crown Crafts’s dividend payout ratio (DPR) is currently 68.09%.
Institutional Trading of Crown Crafts
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lombard Odier Asset Management Europe Ltd acquired a new stake in Crown Crafts in the second quarter valued at $21,867,000. Beacon Pointe Advisors LLC acquired a new position in shares of Crown Crafts during the 2nd quarter worth about $88,000. Empowered Funds LLC acquired a new position in shares of Crown Crafts during the 2nd quarter worth about $173,000. Proficio Capital Partners LLC bought a new stake in shares of Crown Crafts in the 2nd quarter valued at about $394,000. Finally, Corient Private Wealth LP bought a new stake in shares of Crown Crafts in the 2nd quarter valued at about $20,883,000. 30.23% of the stock is owned by institutional investors.
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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