Crown Crafts, Inc. (NASDAQ:CRWS) has received a consensus recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $8.00.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Crown Crafts from a “hold” rating to a “buy” rating and set a $7.25 price target on the stock in a research report on Friday, September 8th. B. Riley reiterated a “buy” rating and issued a $7.50 price target on shares of Crown Crafts in a research report on Friday, November 10th. Finally, ValuEngine lowered shares of Crown Crafts from a “buy” rating to a “hold” rating in a research report on Sunday.

Crown Crafts (NASDAQ:CRWS) traded up $0.05 during mid-day trading on Friday, hitting $6.45. 12,131 shares of the stock traded hands, compared to its average volume of 12,749. The firm has a market capitalization of $65.05, a price-to-earnings ratio of 13.72, a PEG ratio of 2.15 and a beta of 0.35. Crown Crafts has a twelve month low of $5.40 and a twelve month high of $8.70.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Thursday, December 14th. Crown Crafts’s payout ratio is 68.09%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Synovus Financial Corp raised its stake in Crown Crafts by 7.6% during the third quarter. Synovus Financial Corp now owns 118,863 shares of the textile maker’s stock worth $773,000 after purchasing an additional 8,400 shares during the period. Dimensional Fund Advisors LP purchased a new position in Crown Crafts during the third quarter worth approximately $234,000. Macquarie Group Ltd. purchased a new position in Crown Crafts during the third quarter worth approximately $114,000. Nationwide Fund Advisors raised its stake in Crown Crafts by 185.4% during the third quarter. Nationwide Fund Advisors now owns 40,810 shares of the textile maker’s stock worth $265,000 after purchasing an additional 26,510 shares during the period. Finally, Vanguard Group Inc. raised its stake in Crown Crafts by 0.5% during the second quarter. Vanguard Group Inc. now owns 380,694 shares of the textile maker’s stock worth $2,627,000 after purchasing an additional 1,706 shares during the period. 42.01% of the stock is currently owned by institutional investors and hedge funds.

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About Crown Crafts

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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