Crown Crafts, Inc. (NASDAQ:CRWS) Short Interest Update

by · The Markets Daily

Crown Crafts, Inc. (NASDAQ:CRWSGet Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 30,017 shares, an increase of 77.8% from the August 15th total of 16,886 shares. Based on an average trading volume of 107,309 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

Analyst Ratings Changes

CRWS has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Crown Crafts to a “strong-buy” rating in a research report on Saturday, August 29th. Weiss Ratings upgraded shares of 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, Crown Crafts currently has a consensus rating of “Hold”.

View Our Latest Stock Report on CRWS

Crown Crafts Stock Up 0.6%

Shares of Crown Crafts stock traded up $0.01 during trading on Wednesday, hitting $2.56. 76,245 shares of the stock traded hands, compared to its average volume of 50,758. The stock has a market cap of $27.49 million, a P/E ratio of 5.44 and a beta of 0.63. The company has a fifty day moving average price of $2.90 and a two-hundred day moving average price of $2.82. Crown Crafts has a twelve month low of $2.35 and a twelve month high of $3.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 3.20.

Crown Crafts (NASDAQ:CRWSGet Free Report) last released its quarterly earnings data on Wednesday, August 12th. The textile maker reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. The firm had revenue of $16.77 million for the quarter, compared to the consensus estimate 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

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, September 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.7%. Crown Crafts’s dividend payout ratio (DPR) is currently 25.53%.

Institutional Investors Weigh In On Crown Crafts

Large investors have recently bought and sold shares of the business. Cibc World Market Inc. acquired a new position in Crown Crafts during the second quarter worth $28,000. GSA Capital Partners LLP acquired a new stake in shares of Crown Crafts in the second quarter worth about $34,000. Weinberger Asset Management Inc bought a new stake in shares of Crown Crafts during the 4th quarter worth about $61,000. Deutsche Bank AG acquired a new position in shares of Crown Crafts during the 2nd quarter valued at about $82,000. Finally, Beacon Pointe Advisors LLC bought a new position in shares of Crown Crafts in the 2nd quarter valued at approximately $88,000. 30.23% of the stock is currently owned by institutional investors.

Crown Crafts Company Profile

(Get Free Report)

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.

See Also