News headlines about Crown Crafts (NASDAQ:CRWS) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Crown Crafts earned a news impact score of 0.04 on Accern’s scale. Accern also assigned news stories about the textile maker an impact score of 45.1311193758673 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Crown Crafts stock traded up $0.02 during trading hours on Thursday, reaching $5.77. The company’s stock had a trading volume of 1,532 shares, compared to its average volume of 13,872. Crown Crafts has a one year low of $5.40 and a one year high of $8.05. The company has a quick ratio of 1.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.06. The company has a market cap of $58.24, a PE ratio of 10.49, a price-to-earnings-growth ratio of 1.54 and a beta of 0.53.
Crown Crafts (NASDAQ:CRWS) last issued its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.10). The firm had revenue of $17.48 million for the quarter, compared to the consensus estimate of $19.34 million. Crown Crafts had a net margin of 5.21% and a return on equity of 10.60%. sell-side analysts expect that Crown Crafts will post 0.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 6th. Investors of record on Friday, March 16th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, March 15th. This represents a $0.32 annualized dividend and a yield of 5.55%. Crown Crafts’s payout ratio is 58.18%.
A number of analysts have recently weighed in on the stock. Roth Capital restated a “buy” rating on shares of Crown Crafts in a report on Thursday, February 8th. TheStreet downgraded shares of Crown Crafts from a “b-” rating to a “c” rating in a report on Thursday, March 29th. ValuEngine downgraded shares of Crown Crafts from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Zacks Investment Research downgraded shares of Crown Crafts from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.81.
In related news, Director Patricia Stensrud sold 4,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $6.47, for a total transaction of $25,880.00. Following the transaction, the director now directly owns 39,250 shares in the company, valued at approximately $253,947.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nanci Freeman sold 5,353 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $6.53, for a total transaction of $34,955.09. Following the transaction, the chief executive officer now owns 189,876 shares in the company, valued at $1,239,890.28. The disclosure for this sale can be found here. Insiders have sold a total of 13,093 shares of company stock worth $85,157 over the last quarter. 14.17% of the stock is currently owned by insiders.
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About Crown Crafts
Crown Crafts, Inc operates indirectly through its subsidiaries, Crown Crafts Infant Products, Inc, Hamco, Inc and Carousel Designs, LLC, in the infant and toddler products segment within the consumer products industry. The Company operates though the segment of infant and toddler products. These products consist of infant and toddler bedding, bibs, soft bath products, disposable products and accessories.
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