Shares of Crown Crafts, Inc. (NASDAQ:CRWS) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus price target of $8.75 for the company and are anticipating that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Crown Crafts an industry rank of 205 out of 265 based on the ratings given to related companies.
Several equities research analysts have issued reports on the company. Zacks Investment Research raised Crown Crafts from a “sell” rating to a “hold” rating in a research note on Tuesday, January 24th. Wunderlich cut Crown Crafts from a “buy” rating to a “hold” rating and cut their target price for the stock from $11.50 to $7.00 in a research note on Thursday, November 17th.
Shares of Crown Crafts (NASDAQ:CRWS) opened at 7.65 on Friday. Crown Crafts has a 52 week low of $7.20 and a 52 week high of $10.24. The company’s 50 day moving average price is $7.79 and its 200-day moving average price is $9.23. The stock has a market capitalization of $76.72 million, a PE ratio of 11.95 and a beta of 0.75.
Crown Crafts (NASDAQ:CRWS) last posted its earnings results on Wednesday, November 16th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.06. The business had revenue of $15.80 million for the quarter, compared to analyst estimates of $20.10 million. Crown Crafts had a return on equity of 15.80% and a net margin of 8.34%. Equities research analysts predict that Crown Crafts will post $0.52 EPS for the current year.
The company also recently disclosed a dividend, which was paid on Friday, January 6th. Stockholders of record on Friday, December 16th were paid a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This is a boost from Crown Crafts’s previous dividend of $0.33. Crown Crafts’s payout ratio is presently 50.00%.
In other news, CEO Nanci Freeman sold 18,870 shares of Crown Crafts stock in a transaction on Friday, December 16th. The stock was sold at an average price of $7.32, for a total value of $138,128.40. Following the completion of the sale, the chief executive officer now directly owns 188,694 shares of the company’s stock, valued at $1,381,240.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 13.92% of the company’s stock.
Large investors have recently modified their holdings of the stock. Northern Trust Corp boosted its stake in shares of Crown Crafts by 0.4% in the third quarter. Northern Trust Corp now owns 21,040 shares of the company’s stock worth $215,000 after buying an additional 82 shares during the last quarter. North Star Investment Management Corp. boosted its stake in shares of Crown Crafts by 0.3% in the third quarter. North Star Investment Management Corp. now owns 129,576 shares of the company’s stock worth $1,322,000 after buying an additional 404 shares during the last quarter. LSV Asset Management boosted its stake in shares of Crown Crafts by 3.9% in the third quarter. LSV Asset Management now owns 45,122 shares of the company’s stock worth $456,000 after buying an additional 1,700 shares during the last quarter. WCM Investment Management CA boosted its stake in shares of Crown Crafts by 0.9% in the second quarter. WCM Investment Management CA now owns 269,733 shares of the company’s stock worth $2,552,000 after buying an additional 2,335 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Crown Crafts by 12.1% in the second quarter. Nationwide Fund Advisors now owns 32,392 shares of the company’s stock worth $306,000 after buying an additional 3,500 shares during the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.
Crown Crafts Company Profile
Crown Crafts, Inc operates indirectly through its subsidiaries, Crown Crafts Infant Products, Inc and Hamco, Inc, 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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