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

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

Hedge Funds Weigh In On Crown Crafts

Several large investors have recently made changes to their positions in the business. Cibc World Market Inc. acquired a new position in shares of Crown Crafts in the 2nd quarter worth approximately $28,000. Mariner LLC acquired a new stake in Crown Crafts during the fourth quarter valued at approximately $28,000. XTX Topco Ltd bought a new stake in Crown Crafts during the fourth quarter worth approximately $32,000. GSA Capital Partners LLP bought a new stake in Crown Crafts during the second quarter worth approximately $34,000. Finally, HB Wealth Management LLC acquired a new position in Crown Crafts in the fourth quarter worth approximately $41,000. Institutional investors own 30.23% of the company’s stock.

Analysts Set New Price Targets

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

Crown Crafts Price Performance

Shares of Crown Crafts stock traded down $0.03 on Friday, hitting $2.87. The company had a trading volume of 76,163 shares, compared to its average volume of 126,161. The business has a 50-day simple moving average of $2.94 and a 200-day simple moving average of $2.85. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.20 and a quick ratio of 1.40. The company has a market cap of $30.88 million, a PE ratio of 6.11 and a beta of 0.64. Crown Crafts has a 52 week low of $2.35 and a 52 week high of $3.14.

Crown Crafts (NASDAQ:CRWS) last posted 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. The company had revenue of $16.77 million for the quarter, compared to the consensus estimate of $20.90 million. Crown Crafts had a return on equity of 12.79% and a net margin of 5.99%.

Crown Crafts Cuts Dividend

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

About Crown Crafts

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.