Crown Crafts, Inc. (CRWS) Given Buy Rating at B. Riley
Crown Crafts, Inc. (NASDAQ:CRWS)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a research report issued to clients and investors on Friday. They presently have a $7.50 price objective on the textile maker’s stock. B. Riley’s price objective indicates a potential upside of 24.79% from the stock’s previous close.
A number of other research firms have also recently commented on CRWS. Zacks Investment Research cut shares of Crown Crafts from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. FBR & Co raised shares of Crown Crafts from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $7.00 to $7.50 in a research report on Friday, August 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $7.65.
Crown Crafts (NASDAQ CRWS) traded down $0.04 during midday trading on Friday, hitting $6.01. 6,699 shares of the stock were exchanged, compared to its average volume of 25,860. Crown Crafts has a twelve month low of $5.40 and a twelve month high of $9.95. The firm has a market capitalization of $59.84, a PE ratio of 11.23, a P/E/G ratio of 2.05 and a beta of 0.34.
Crown Crafts (NASDAQ:CRWS) last posted its earnings results on Thursday, August 10th. The textile maker reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. Crown Crafts had a net margin of 7.79% and a return on equity of 13.46%. The business had revenue of $13.65 million for the quarter, compared to analysts’ expectations of $13.49 million. sell-side analysts expect that Crown Crafts will post 0.58 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently bought and sold shares of CRWS. Macquarie Group Ltd. acquired a new stake in Crown Crafts in the third quarter valued at $114,000. Goldman Sachs Group Inc. acquired a new stake in Crown Crafts in the first quarter valued at $154,000. JPMorgan Chase & Co. raised its holdings in Crown Crafts by 3,825.5% in the first quarter. JPMorgan Chase & Co. now owns 23,553 shares of the textile maker’s stock valued at $194,000 after acquiring an additional 22,953 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Crown Crafts by 185.4% in the third quarter. Nationwide Fund Advisors now owns 40,810 shares of the textile maker’s stock valued at $265,000 after acquiring an additional 26,510 shares in the last quarter. Finally, Synovus Financial Corp raised its holdings in Crown Crafts by 2.4% in the second quarter. Synovus Financial Corp now owns 110,463 shares of the textile maker’s stock valued at $768,000 after acquiring an additional 2,600 shares in the last quarter. 43.36% of the stock is currently owned by hedge funds and other institutional investors.
About Crown Crafts
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.
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