Wunderlich lowered shares of Crown Crafts Inc. (NASDAQ:CRWS) from a buy rating to a hold rating in a report issued on Thursday morning. The brokerage currently has $7.00 target price on the stock, down from their previous target price of $11.50.

Separately, Zacks Investment Research upgraded Crown Crafts from a sell rating to a hold rating in a research note on Monday, August 15th.

Shares of Crown Crafts (NASDAQ:CRWS) remained flat at $8.75 on Thursday. 6,887 shares of the company’s stock traded hands. The company has a market capitalization of $87.75 million, a PE ratio of 13.65 and a beta of 0.85. The stock’s 50 day moving average is $9.88 and its 200 day moving average is $9.77. Crown Crafts has a 52-week low of $7.64 and a 52-week high of $10.24.

Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings data on Wednesday, November 16th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.06. The company had revenue of $15.80 million for the quarter, compared to analysts’ expectations of $20.10 million. Crown Crafts had a net margin of 8.34% and a return on equity of 15.81%. Analysts expect that Crown Crafts will post $0.68 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. LSV Asset Management raised its stake in Crown Crafts by 19.9% in the second quarter. LSV Asset Management now owns 43,422 shares of the company’s stock worth $410,000 after buying an additional 7,200 shares during the last quarter. WCM Investment Management CA raised 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 valued at $2,552,000 after buying an additional 2,335 shares during the last quarter. North Star Investment Management Corp. raised its stake in shares of Crown Crafts by 2.9% in the second quarter. North Star Investment Management Corp. now owns 129,172 shares of the company’s stock valued at $1,222,000 after buying an additional 3,629 shares during the last quarter. Northern Trust Corp raised 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 valued at $215,000 after buying an additional 82 shares during the last quarter. Finally, Synovus Financial Corp raised its stake in shares of Crown Crafts by 6.9% in the third quarter. Synovus Financial Corp now owns 107,863 shares of the company’s stock valued at $1,100,000 after buying an additional 7,000 shares during the last quarter. 46.85% of the stock is owned by institutional investors and hedge funds.

About Crown Crafts

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.

5 Day Chart for NASDAQ:CRWS

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