Crown Crafts (NASDAQ:CRWS) Cut to “Buy” at Wall Street Zen

Crown Crafts (NASDAQ:CRWS) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Crown Crafts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Crown Crafts Stock Up 3.7%

Shares of NASDAQ:CRWS opened at $2.52 on Friday. The firm has a market cap of $27.12 million, a PE ratio of 5.25 and a beta of 0.68. The company has a fifty day simple moving average of $2.49 and a 200 day simple moving average of $2.76. The company has a current ratio of 3.20, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. Crown Crafts has a 12-month low of $2.30 and a 12-month high of $3.14.

Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings data on Thursday, November 12th. The textile maker reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company had revenue of $19.03 million for the quarter, compared to analyst estimates of $20.90 million. Crown Crafts had a return on equity of 13.11% and a net margin of 6.55%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its position in shares of Crown Crafts by 13.2% in the third quarter. Empowered Funds LLC now owns 68,935 shares of the textile maker’s stock worth $172,000 after buying an additional 8,020 shares during the period. Beacon Pointe Advisors LLC purchased a new position in Crown Crafts during the 2nd quarter valued at about $88,000. Cibc World Market Inc. acquired a new position in shares of Crown Crafts in the 2nd quarter valued at about $28,000. De Lisle Partners LLP purchased a new stake in shares of Crown Crafts in the second quarter worth approximately $1,178,000. Finally, Deutsche Bank AG acquired a new stake in shares of Crown Crafts during the second quarter worth approximately $82,000. 30.23% of the stock is currently owned by institutional investors.

Crown Crafts Company Profile

Crown Crafts, Inc. is a consumer products company that designs, markets and distributes products for infants, toddlers and young children. Its offerings include feeding and care products, bibs, bath accessories, developmental toys, activity products, nursery bedding, blankets and other nursery accessories. The company sells products through mass-market retailers, specialty stores and e-commerce channels. Crown Crafts markets products under proprietary brands such as Neat Solutions and Sassy, as well as through licensed brands and designs.