Posted by admin on May 15th, 2022
Crown Crafts, Inc. (NASDAQ:CRWS – Get Rating) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 15,300 shares, a drop of 27.8% from the April 15th total of 21,200 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 18,700 shares, the days-to-cover ratio is currently 0.8 days.
Shares of CRWS opened at $6.04 on Friday. Crown Crafts has a 1-year low of $5.96 and a 1-year high of $8.25. The company has a 50-day moving average of $6.37 and a 200 day moving average of $6.91. The firm has a market capitalization of $60.88 million, a price-to-earnings ratio of 7.84 and a beta of 0.85.
Crown Crafts (NASDAQ:CRWS – Get Rating) last posted its earnings results on Wednesday, February 9th. The textile maker reported $0.24 EPS for the quarter. The business had revenue of $22.74 million for the quarter. Crown Crafts had a net margin of 9.25% and a return on equity of 18.12%.
In other news, CEO E Randall Chestnut sold 22,717 shares of the firm’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $6.79, for a total value of $154,248.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 42,162 shares of company stock valued at $289,494 in the last 90 days. Company insiders own 11.62% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Crown Crafts by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 288,743 shares of the textile maker’s stock valued at $1,880,000 after purchasing an additional 7,491 shares during the period. Dimensional Fund Advisors LP increased its position in Crown Crafts by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 239,262 shares of the textile maker’s stock valued at $1,558,000 after purchasing an additional 2,242 shares during the period. Diamond Hill Capital Management Inc. increased its position in Crown Crafts by 24.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 22,876 shares of the textile maker’s stock valued at $149,000 after purchasing an additional 4,431 shares during the period. Skylands Capital LLC increased its position in Crown Crafts by 3.6% during the 1st quarter. Skylands Capital LLC now owns 558,484 shares of the textile maker’s stock valued at $3,636,000 after purchasing an additional 19,400 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in Crown Crafts during the 4th quarter valued at about $134,000. 40.94% of the stock is currently owned by institutional investors and hedge funds.
Separately, DA Davidson decreased their price objective on shares of Crown Crafts from $8.50 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, February 23rd.
About Crown Crafts (Get Rating)
Crown Crafts, Inc, through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods.
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