Somewhat Positive News Coverage Somewhat Unlikely to Affect Crown Crafts (CRWS) Stock Price
News stories about Crown Crafts (NASDAQ:CRWS) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Crown Crafts earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the textile maker an impact score of 45.792938834494 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
CRWS has been the subject of several recent research reports. FBR & Co reissued a “mkt perform” rating and set a $7.00 price objective on shares of Crown Crafts in a research report on Tuesday, July 11th. Zacks Investment Research raised Crown Crafts from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a research report on Friday, September 8th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Crown Crafts has an average rating of “Buy” and an average price target of $7.69.
Shares of Crown Crafts (NASDAQ:CRWS) traded down $0.11 during trading on Tuesday, reaching $5.99. The company’s stock had a trading volume of 10,794 shares, compared to its average volume of 9,296. The stock has a market capitalization of $60.30, a price-to-earnings ratio of 11.51, a P/E/G ratio of 2.10 and a beta of 0.34. Crown Crafts has a fifty-two week low of $5.40 and a fifty-two week high of $9.95.
Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings data on Thursday, August 10th. The textile maker reported $0.08 EPS for the quarter, meeting the 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%. sell-side analysts forecast that Crown Crafts will post 0.58 earnings per share for the current fiscal year.
In related news, Director Donald R. Ratajczak purchased 5,000 shares of Crown Crafts stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $5.75 per share, for a total transaction of $28,750.00. Following the completion of the acquisition, the director now directly owns 125,151 shares of the company’s stock, valued at $719,618.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company 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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