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

Crown Crafts, Inc. (NASDAQ:CRWS) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 16,886 shares, a drop of 43.5% from the July 30th total of 29,866 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 129,515 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Crown Crafts Stock Down 1.0%

NASDAQ:CRWS traded down $0.03 during trading hours on Friday, hitting $2.87. 76,163 shares of the company’s stock traded hands, compared to its average volume of 126,161. The stock’s fifty day moving average price is $2.94 and its two-hundred day moving average price is $2.85. The firm has a market cap of $30.88 million, a P/E ratio of 6.11 and a beta of 0.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 3.20. Crown Crafts has a twelve month low of $2.35 and a twelve month high of $3.14.

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

Crown Crafts Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 11th. Crown Crafts’s dividend payout ratio is 68.09%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRWS. Proficio Capital Partners LLC acquired a new position in Crown Crafts in the 2nd quarter valued at approximately $394,000. Haverford Trust Co acquired a new stake in shares of Crown Crafts during the 2nd quarter valued at $413,000. William Blair Investment Management LLC acquired a new stake in shares of Crown Crafts during the 2nd quarter valued at $431,000. Summit Asset Management LLC acquired a new stake in shares of Crown Crafts during the 2nd quarter valued at $503,000. Finally, Vise Technologies Inc. purchased a new position in shares of Crown Crafts during the 2nd quarter valued at $507,000. 30.23% of the stock is 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.