Crown Crafts (CRWS) Lifted to “Sell” at ValuEngine

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ValuEngine upgraded shares of Crown Crafts (NASDAQ:CRWS) from a strong sell rating to a sell rating in a research note released on Thursday, ValuEngine reports.

Shares of NASDAQ CRWS opened at $4.90 on Thursday. The stock has a market cap of $49.60 million, a P/E ratio of 9.07 and a beta of 0.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.48 and a current ratio of 3.46. Crown Crafts has a 12-month low of $4.01 and a 12-month high of $6.25.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.32 annualized dividend and a yield of 6.53%. Crown Crafts’s dividend payout ratio (DPR) is 59.26%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LSV Asset Management lifted its position in Crown Crafts by 4.6% during the 1st quarter. LSV Asset Management now owns 53,864 shares of the textile maker’s stock worth $277,000 after buying an additional 2,370 shares in the last quarter. Essex Investment Management Co. LLC raised its holdings in Crown Crafts by 9.4% during the 1st quarter. Essex Investment Management Co. LLC now owns 33,165 shares of the textile maker’s stock worth $171,000 after purchasing an additional 2,847 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Crown Crafts by 1.0% during the 1st quarter. Renaissance Technologies LLC now owns 310,400 shares of the textile maker’s stock worth $1,602,000 after purchasing an additional 3,200 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV bought a new stake in Crown Crafts during the 1st quarter worth about $68,000. Finally, North Star Investment Management Corp. raised its holdings in Crown Crafts by 3.1% during the 1st quarter. North Star Investment Management Corp. now owns 813,436 shares of the textile maker’s stock worth $4,197,000 after purchasing an additional 24,157 shares during the last quarter. Institutional investors and hedge funds own 38.33% of the company’s stock.

Crown Crafts Company Profile

Crown Crafts, Inc, through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; nursery and toddler accessories; room d├ęcors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods.

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