ValuEngine upgraded shares of Crown Crafts (NASDAQ:CRWS) from a strong sell rating to a sell rating in a research note published on Thursday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Crown Crafts from a sell rating to a hold rating in a report on Wednesday, August 14th.

NASDAQ CRWS opened at $5.25 on Thursday. The firm’s fifty day simple moving average is $4.64 and its two-hundred day simple moving average is $5.01. The company has a current ratio of 3.23, a quick ratio of 2.48 and a debt-to-equity ratio of 0.02. Crown Crafts has a 12-month low of $4.01 and a 12-month high of $6.15. The firm has a market capitalization of $53.13 million, a P/E ratio of 10.50 and a beta of 0.51.

Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings results on Wednesday, August 14th. The textile maker reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Crown Crafts had a net margin of 7.59% and a return on equity of 13.54%. The business had revenue of $15.94 million for the quarter, compared to analyst estimates of $15.60 million. As a group, sell-side analysts predict that Crown Crafts will post 0.52 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend is Thursday, September 12th. Crown Crafts’s dividend payout ratio is currently 64.00%.

In other Crown Crafts news, insider Nanci Freeman sold 15,000 shares of Crown Crafts stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $5.18, for a total value of $77,700.00. Following the transaction, the insider now directly owns 157,030 shares of the company’s stock, valued at $813,415.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.63% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Mid Atlantic Financial Management Inc. ADV acquired a new stake in shares of Crown Crafts during the first quarter worth $68,000. BlackRock Inc. lifted its stake in shares of Crown Crafts by 15.1% during the second quarter. BlackRock Inc. now owns 35,440 shares of the textile maker’s stock worth $167,000 after buying an additional 4,643 shares during the period. Essex Investment Management Co. LLC lifted its stake in shares of Crown Crafts by 72.3% during the second quarter. Essex Investment Management Co. LLC now owns 57,140 shares of the textile maker’s stock worth $269,000 after buying an additional 23,975 shares during the period. LSV Asset Management lifted its stake in shares of Crown Crafts by 4.6% during the first quarter. LSV Asset Management now owns 53,864 shares of the textile maker’s stock worth $277,000 after buying an additional 2,370 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Crown Crafts during the second quarter worth $324,000. Institutional investors and hedge funds own 40.05% of the company’s stock.

About Crown Crafts

Crown Crafts, Inc, through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; nursery and toddler accessories; room d├ęcors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods.

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