Crown Crafts, Inc. (NASDAQ:CRWS) Short Interest Down 43.5% in August

Crown Crafts, Inc. (NASDAQ:CRWS) saw a significant 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. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 129,515 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Crown Crafts

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. De Lisle Partners LLP bought a new stake in shares of Crown Crafts in the second quarter valued at approximately $1,178,000. Renaissance Technologies LLC lifted its holdings in shares of Crown Crafts by 7.9% during the 1st quarter. Renaissance Technologies LLC now owns 257,342 shares of the textile maker’s stock worth $663,000 after acquiring an additional 18,800 shares during the period. LPL Financial LLC bought a new position in shares of Crown Crafts during the 4th quarter worth about $477,000. Bridgeway Capital Management LLC boosted 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 in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Crown Crafts by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 106,739 shares of the textile maker’s stock valued at $296,000 after acquiring an additional 5,717 shares in the last quarter. 30.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on CRWS. Weiss Ratings upgraded Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, June 26th. Wall Street Zen raised shares of Crown Crafts to a “strong-buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Crown Crafts has a consensus rating of “Hold”.

Crown Crafts Stock Down 0.7%

Shares of CRWS stock traded down $0.02 on Tuesday, reaching $2.80. 68,701 shares of the company’s stock traded hands, compared to its average volume of 48,311. The company has a market capitalization of $30.13 million, a P/E ratio of 5.96 and a beta of 0.64. Crown Crafts has a 12-month low of $2.35 and a 12-month high of $3.14. 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 business’s 50 day moving average price is $2.94 and its two-hundred day moving average price is $2.84.

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

Crown Crafts Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.3%. Crown Crafts’s dividend payout ratio is currently 68.09%.

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.