Crown Crafts (NASDAQ:CRWS) Cut to “Buy” at Wall Street Zen

Crown Crafts (NASDAQ:CRWS) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Crown Crafts from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Crown Crafts Price Performance

Shares of CRWS opened at $2.52 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 3.20. The firm has a market cap of $27.12 million, a PE ratio of 5.25 and a beta of 0.68. The firm’s 50 day moving average price is $2.49 and its 200 day moving average price is $2.76. Crown Crafts has a twelve month low of $2.30 and a twelve month high of $3.14.

Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings results on Thursday, November 12th. The textile maker reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The business had revenue of $19.03 million for the quarter, compared to analyst estimates of $20.90 million. Crown Crafts had a return on equity of 13.11% and a net margin of 6.55%.

Institutional Investors Weigh In On Crown Crafts

Several hedge funds have recently modified their holdings of the business. Empowered Funds LLC raised its stake in Crown Crafts by 13.2% during the 3rd quarter. Empowered Funds LLC now owns 68,935 shares of the textile maker’s stock valued at $172,000 after purchasing an additional 8,020 shares during the last quarter. Beacon Pointe Advisors LLC bought a new stake in shares of Crown Crafts in the second quarter valued at about $88,000. Cibc World Market Inc. acquired a new stake in Crown Crafts during the second quarter worth about $28,000. De Lisle Partners LLP acquired a new position in Crown Crafts in the 2nd quarter valued at approximately $1,178,000. Finally, Deutsche Bank AG bought a new stake in shares of Crown Crafts in the 2nd quarter worth approximately $82,000. 30.23% of the stock is owned by institutional investors.

About Crown Crafts

Crown Crafts, Inc. is a consumer products company that designs, markets and distributes products for infants, toddlers and young children. Its offerings include feeding and care products, bibs, bath accessories, developmental toys, activity products, nursery bedding, blankets and other nursery accessories. The company sells products through mass-market retailers, specialty stores and e-commerce channels. Crown Crafts markets products under proprietary brands such as Neat Solutions and Sassy, as well as through licensed brands and designs.