Crown Crafts (NASDAQ:CRWS) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Crown Crafts, Inc. (NASDAQ:CRWS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.82 and traded as high as $3.02. Crown Crafts shares last traded at $2.98, with a volume of 62,925 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, June 26th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Crown Crafts Price Performance

The company has a quick ratio of 1.53, a current ratio of 3.58 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $32.17 million, a price-to-earnings ratio of 16.61 and a beta of 0.65. The business has a 50-day simple moving average of $2.81 and a two-hundred day simple moving average of $2.82.

Crown Crafts (NASDAQ:CRWS) last released its earnings results on Wednesday, June 24th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.20). Crown Crafts had a return on equity of 4.78% and a net margin of 2.24%.The firm had revenue of $22.38 million for the quarter, compared to analyst estimates of $22.30 million.

Crown Crafts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were given a $0.08 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.32 annualized dividend and a yield of 10.7%. Crown Crafts’s payout ratio is 177.78%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bridgeway Capital Management LLC lifted its position in shares of Crown Crafts by 3.0% during the 3rd quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock valued at $373,000 after acquiring an additional 3,688 shares during the last quarter. Institute for Wealth Management LLC. bought a new stake in shares of Crown Crafts during the 4th quarter worth $28,000. HB Wealth Management LLC acquired a new position in shares of Crown Crafts in the 4th quarter worth $41,000. Weinberger Asset Management Inc acquired a new position in shares of Crown Crafts in the 4th quarter worth $61,000. Finally, Geode Capital Management LLC raised its position in shares of Crown Crafts by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 106,739 shares of the textile maker’s stock worth $296,000 after purchasing an additional 5,717 shares during the period. Institutional investors own 30.23% of the company’s stock.

About Crown Crafts

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.