Crown Crafts (NASDAQ:CRWS) Stock Rating Upgraded by Wall Street Zen

Crown Crafts (NASDAQ:CRWS) was upgraded by stock analysts at Wall Street Zen to a “strong-buy” rating in a research note issued on Saturday.

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

Crown Crafts Stock Performance

Shares of CRWS stock opened at $2.87 on Friday. The firm has a 50-day moving average price of $2.94 and a 200 day moving average price of $2.84. Crown Crafts has a twelve month low of $2.35 and a twelve month high of $3.14. The company has a market capitalization of $30.88 million, a price-to-earnings ratio of 6.11 and a beta of 0.64. The company has a current ratio of 3.20, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19.

Crown Crafts (NASDAQ:CRWS) last released its earnings results on Wednesday, August 12th. The textile maker reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. The company had revenue of $16.77 million for the quarter, compared to analyst estimates of $20.90 million. Crown Crafts had a net margin of 5.99% and a return on equity of 12.79%.

Hedge Funds Weigh In On Crown Crafts

Several large investors have recently added to or reduced their stakes in the business. Cibc World Market Inc. purchased a new stake in Crown Crafts in the 2nd quarter valued at about $28,000. Mariner LLC acquired a new position in shares of Crown Crafts during the 4th quarter valued at about $28,000. XTX Topco Ltd purchased a new position in shares of Crown Crafts during the 4th quarter worth about $32,000. GSA Capital Partners LLP purchased a new position in shares of Crown Crafts during the 2nd quarter worth about $34,000. Finally, HB Wealth Management LLC acquired a new stake in shares of Crown Crafts in the fourth quarter worth approximately $41,000. 30.23% of the stock is currently owned by hedge funds and other institutional investors.

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.