Crown Crafts (CRWS) Receiving Somewhat Positive Media Coverage, Analysis Shows
News articles about Crown Crafts (NASDAQ:CRWS) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Crown Crafts earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news stories about the textile maker an impact score of 45.9497104640989 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
CRWS has been the subject of several recent research reports. FBR & Co reaffirmed a “mkt perform” rating and set a $7.00 price target on shares of Crown Crafts in a report on Tuesday, July 11th. Zacks Investment Research raised Crown Crafts from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a report on Friday, September 8th. TheStreet downgraded Crown Crafts from a “b-” rating to a “c+” rating in a report on Friday, June 23rd. Finally, Roth Capital set a $9.00 target price on Crown Crafts and gave the company a “buy” rating in a report on Saturday, June 17th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Crown Crafts has an average rating of “Buy” and a consensus price target of $7.69.
Crown Crafts (NASDAQ CRWS) remained flat at $6.60 during midday trading on Wednesday. 18,878 shares of the company’s stock were exchanged. The company has a 50-day moving average of $6.09 and a 200-day moving average of $7.10. Crown Crafts has a 12-month low of $5.40 and a 12-month high of $10.24. The firm has a market capitalization of $66.38 million, a P/E ratio of 13.47 and a beta of 0.42.
Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings data on Thursday, August 10th. The textile maker reported $0.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The business had revenue of $13.65 million during the quarter, compared to analyst estimates of $13.49 million. Crown Crafts had a return on equity of 13.46% and a net margin of 7.79%. Equities analysts predict that Crown Crafts will post $0.58 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.85%. The ex-dividend date is Thursday, September 14th. Crown Crafts’s dividend payout ratio is 64.00%.
In related news, Director Donald R. Ratajczak bought 5,000 shares of Crown Crafts stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $5.75 per share, with a total value of $28,750.00. Following the completion of the acquisition, the director now directly owns 125,151 shares in the company, valued at approximately $719,618.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 14.17% of the company’s stock.
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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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