Crown Crafts (NASDAQ:CRWS) Stock Bumped Down to “Buy” by Wall Street Zen

Wall Street Zen cut shares of Crown Crafts (NASDAQ:CRWS) 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 shares of 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Crown Crafts Stock Up 3.7%

Shares of Crown Crafts stock traded up $0.09 on Friday, hitting $2.52. 77,028 shares of the company’s stock traded hands, compared to its average volume of 45,090. Crown Crafts has a 52-week low of $2.30 and a 52-week high of $3.14. The company has a quick ratio of 1.40, a current ratio of 3.20 and a debt-to-equity ratio of 0.19. The stock has a market cap of $27.12 million, a P/E ratio of 5.25 and a beta of 0.68. The firm’s 50-day moving average is $2.49 and its 200 day moving average is $2.76.

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

Crown Crafts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, December 11th will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, December 11th. This represents a $0.12 annualized dividend and a yield of 4.8%. Crown Crafts’s dividend payout ratio (DPR) is 25.53%.

Hedge Funds Weigh In On Crown Crafts

A number of hedge funds have recently added to or reduced their stakes in CRWS. Empowered Funds LLC grew its position in shares of Crown Crafts by 13.2% during the third quarter. Empowered Funds LLC now owns 68,935 shares of the textile maker’s stock worth $172,000 after acquiring an additional 8,020 shares during the last quarter. Beacon Pointe Advisors LLC bought a new stake in Crown Crafts in the 2nd quarter valued at about $88,000. Cibc World Market Inc. bought a new stake in Crown Crafts in the 2nd quarter valued at about $28,000. De Lisle Partners LLP acquired a new position in Crown Crafts during the 2nd quarter valued at about $1,178,000. Finally, Deutsche Bank AG acquired a new position in Crown Crafts during the 2nd quarter valued at about $82,000. Institutional investors and hedge funds own 30.23% of the company’s stock.

About Crown Crafts

Crown Crafts, Inc. designs, markets and distributes products for infants and young children. Its offerings include bedding, blankets, bibs, bath products, diaper bags and developmental toys. The company sells products under a portfolio of proprietary and licensed brands, including NoJo, Sassy and Manhattan Toy. Its products are distributed through a range of retail channels, including online retailers and specialty and mass-market stores. Crown Crafts has operated in the juvenile-products industry for decades and serves customers primarily in the United States.