Crown Crafts, Inc. (NASDAQ:CRWS) Short Interest Down 42.4% in July

Crown Crafts, Inc. (NASDAQ:CRWS) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 17,112 shares, a decline of 42.4% from the June 30th total of 29,718 shares. Based on an average daily volume of 52,300 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Investors Weigh In On Crown Crafts

A number of hedge funds have recently made changes to their positions in CRWS. Institute for Wealth Management LLC. purchased a new stake in shares of Crown Crafts in the 4th quarter valued at $28,000. LPL Financial LLC bought a new stake in Crown Crafts in the fourth quarter worth $477,000. Bridgeway Capital Management LLC boosted its position in Crown Crafts by 3.0% during the third quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock valued at $373,000 after buying an additional 3,688 shares during the period. Geode Capital Management LLC boosted its position in Crown Crafts by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 106,739 shares of the textile maker’s stock valued at $296,000 after buying an additional 5,717 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Crown Crafts by 7.8% during the fourth quarter. Empowered Funds LLC now owns 56,348 shares of the textile maker’s stock valued at $156,000 after buying an additional 4,078 shares during the last quarter. 30.23% of the stock is currently owned by institutional investors.

Crown Crafts Stock Performance

CRWS remained flat at $2.95 during trading on Friday. The company had a trading volume of 84,169 shares, compared to its average volume of 37,491. The firm’s 50 day moving average is $2.88 and its 200-day moving average is $2.84. Crown Crafts has a 1-year low of $2.35 and a 1-year high of $3.17. The company has a current ratio of 3.58, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $31.74 million, a PE ratio of 16.39 and a beta of 0.65.

Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings data on Wednesday, June 24th. The textile maker reported $0.03 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.20). The firm had revenue of $22.38 million for the quarter, compared to the consensus estimate of $22.30 million. Crown Crafts had a net margin of 2.24% and a return on equity of 4.78%.

Crown Crafts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date was Thursday, June 11th. Crown Crafts’s dividend payout ratio (DPR) is presently 177.78%.

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.