Crown Crafts (NASDAQ:CRWS) Shares Cross Above 200-Day Moving Average – Should You Sell?

Crown Crafts, Inc. (NASDAQ:CRWS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.85 and traded as high as $2.98. Crown Crafts shares last traded at $2.98, with a volume of 30,358 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Crown Crafts in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Crown Crafts has an average rating of “Sell”.

Crown Crafts Stock Up 2.4%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.25 and a current ratio of 3.14. The business has a 50 day simple moving average of $2.76 and a 200-day simple moving average of $2.85. The firm has a market capitalization of $31.89 million, a price-to-earnings ratio of -3.17 and a beta of 0.59.

Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings data on Wednesday, November 12th. The textile maker reported $0.11 earnings per share (EPS) for the quarter. Crown Crafts had a negative net margin of 11.48% and a positive return on equity of 1.24%. The firm had revenue of $23.70 million during the quarter.

Crown Crafts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, December 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.7%. Crown Crafts’s dividend payout ratio (DPR) is currently -34.04%.

Insider Activity at Crown Crafts

In other Crown Crafts news, Director Donald R. Ratajczak acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average cost of $2.80 per share, for a total transaction of $28,000.00. Following the completion of the acquisition, the director owned 331,181 shares of the company’s stock, valued at approximately $927,306.80. The trade was a 3.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have purchased 25,000 shares of company stock worth $69,000. 11.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Crown Crafts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC lifted its stake in shares of Crown Crafts by 3.0% in the 3rd quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock valued at $373,000 after purchasing an additional 3,688 shares during the last quarter. Beacon Pointe Advisors LLC increased its position in shares of Crown Crafts by 72.3% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 23,365 shares of the textile maker’s stock worth $67,000 after purchasing an additional 9,802 shares during the last quarter. Institute for Wealth Management LLC. purchased a new stake in Crown Crafts in the 4th quarter valued at about $28,000. Finally, Synovus Financial Corp lifted its position in Crown Crafts by 7.5% in the third quarter. Synovus Financial Corp now owns 300,918 shares of the textile maker’s stock valued at $876,000 after buying an additional 21,122 shares during the last quarter. Hedge funds and other institutional investors own 30.23% of the company’s stock.

Crown Crafts Company Profile

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.