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Crown Crafts (NASDAQ:CRWS) was downgraded by investment analysts at Sidoti from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports.

Crown Crafts (NASDAQ:CRWS) traded down 2.47% during mid-day trading on Wednesday, hitting $7.90. 106,402 shares of the company’s stock traded hands. Crown Crafts has a 52-week low of $5.72 and a 52-week high of $9.62. The stock has a 50-day moving average of $8.33 and a 200-day moving average of $8.22. The company has a market cap of $77.9 million and a P/E ratio of 14.24.

Crown Crafts (NASDAQ:CRWS) last announced its earnings results on Wednesday, June 18th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.01. The company had revenue of $24.00 million for the quarter, compared to the consensus estimate of $24.56 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. On average, analysts predict that Crown Crafts will post $0.60 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Investors of record on Friday, June 13th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Wednesday, June 11th.

Crown Crafts, Inc operates indirectly through its wholly owned subsidiaries, Crown Crafts Infant Products, Inc and Hamco, Inc, in the infant and toddler products segment within the consumer products industry.

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