Crown Crafts, Inc. (NASDAQ:CRWS)‘s stock had its “buy” rating restated by research analysts at B. Riley in a report issued on Friday. They currently have a $7.50 target price on the textile maker’s stock. B. Riley’s price objective would indicate a potential upside of 23.97% from the company’s previous close. B. Riley also issued estimates for Crown Crafts’ FY2018 earnings at $0.52 EPS and FY2019 earnings at $0.60 EPS.
A number of other equities analysts also recently issued reports on CRWS. FBR & Co raised Crown Crafts from a “neutral” rating to a “buy” rating and increased their target price for the stock from $7.00 to $7.50 in a research note on Friday, August 11th. Zacks Investment Research raised Crown Crafts from a “sell” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Tuesday, August 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $7.65.
Shares of Crown Crafts (NASDAQ CRWS) remained flat at $$6.05 during mid-day trading on Friday. The company had a trading volume of 22,800 shares, compared to its average volume of 25,962. The firm has a market capitalization of $61.02, a PE ratio of 12.10, a P/E/G ratio of 2.16 and a beta of 0.34. Crown Crafts has a fifty-two week low of $5.40 and a fifty-two week high of $9.95.
Crown Crafts (NASDAQ:CRWS) last issued its earnings results on Thursday, August 10th. The textile maker reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $13.65 million during the quarter, compared to the consensus estimate of $13.49 million. Crown Crafts had a return on equity of 12.93% and a net margin of 7.29%. equities research analysts expect that Crown Crafts will post 0.56 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP purchased a new position in Crown Crafts in the 3rd quarter valued at approximately $234,000. Macquarie Group Ltd. purchased a new position in Crown Crafts in the 3rd quarter valued at approximately $114,000. Nationwide Fund Advisors increased its stake in Crown Crafts by 185.4% in the 3rd quarter. Nationwide Fund Advisors now owns 40,810 shares of the textile maker’s stock valued at $265,000 after purchasing an additional 26,510 shares in the last quarter. Vanguard Group Inc. increased its stake in Crown Crafts by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 380,694 shares of the textile maker’s stock valued at $2,627,000 after purchasing an additional 1,706 shares in the last quarter. Finally, Bard Associates Inc. increased its stake in Crown Crafts by 0.5% in the 2nd quarter. Bard Associates Inc. now owns 181,070 shares of the textile maker’s stock valued at $1,258,000 after purchasing an additional 950 shares in the last quarter. 43.36% of the stock is owned by hedge funds and other institutional investors.
Crown Crafts Company Profile
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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