Crown Crafts, Inc. (NASDAQ:CRWS) Short Interest Update

Crown Crafts, Inc. (NASDAQ:CRWS) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 16,886 shares, a decrease of 43.5% from the July 30th total of 29,866 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 129,515 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

CRWS has been the topic of several analyst reports. Wall Street Zen upgraded Crown Crafts to a “strong-buy” rating in a research report on Saturday. Weiss Ratings upgraded Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Crown Crafts Price Performance

Shares of NASDAQ CRWS traded down $0.08 during midday trading on Monday, reaching $2.79. 39,241 shares of the stock traded hands, compared to its average volume of 48,125. Crown Crafts has a one year low of $2.35 and a one year high of $3.14. The stock has a market capitalization of $30.02 million, a PE ratio of 5.94 and a beta of 0.64. The company’s 50 day moving average is $2.94 and its 200 day moving average is $2.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.20 and a quick ratio of 1.40.

Crown Crafts (NASDAQ:CRWS) last posted its earnings results on Wednesday, August 12th. The textile maker reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. The firm had revenue of $16.77 million for the quarter, compared to the consensus estimate of $20.90 million. Crown Crafts had a net margin of 5.99% and a return on equity of 12.79%.

Crown Crafts Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, September 11th. Crown Crafts’s payout ratio is presently 25.53%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRWS. BlackRock Inc. bought a new stake in shares of Crown Crafts in the 2nd quarter worth about $1,896,838,000. Jupiter Topco LLC bought a new position in Crown Crafts during the 2nd quarter valued at about $141,362,000. Bank of America Corp DE bought a new position in Crown Crafts during the 2nd quarter valued at about $97,640,000. De Lisle Partners LLP purchased a new stake in Crown Crafts in the 2nd quarter worth about $1,178,000. Finally, Lombard Odier Asset Management Europe Ltd bought a new stake in Crown Crafts in the second quarter worth about $21,867,000. Institutional investors own 30.23% of the company’s stock.

Crown Crafts Company Profile

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.