Crown Crafts (NASDAQ:CRWS) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Crown Crafts, Inc. (NASDAQ:CRWS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.87 and traded as high as $2.89. Crown Crafts shares last traded at $2.87, with a volume of 23,963 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Crown Crafts in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Crown Crafts has a consensus rating of “Sell”.

Crown Crafts Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 3.43 and a quick ratio of 1.47. The stock’s 50 day moving average price is $2.92 and its two-hundred day moving average price is $2.87. The firm has a market capitalization of $30.71 million, a price-to-earnings ratio of -3.22 and a beta of 0.60.

Crown Crafts (NASDAQ:CRWS) last posted its earnings results on Wednesday, February 11th. The textile maker reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $20.72 million for the quarter. Crown Crafts had a negative net margin of 11.10% and a positive return on equity of 2.93%.

Crown Crafts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 13th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Friday, March 13th. Crown Crafts’s dividend payout ratio (DPR) is currently -35.96%.

Hedge Funds Weigh In On Crown Crafts

Large investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its stake in Crown Crafts by 7.8% during the 4th quarter. Empowered Funds LLC now owns 56,348 shares of the textile maker’s stock valued at $156,000 after purchasing an additional 4,078 shares during the period. XTX Topco Ltd bought a new position in Crown Crafts in the 4th quarter worth approximately $32,000. Mariner LLC acquired a new position in shares of Crown Crafts during the fourth quarter worth approximately $28,000. LPL Financial LLC acquired a new position in shares of Crown Crafts during the fourth quarter worth approximately $477,000. Finally, Geode Capital Management LLC boosted its position in shares of Crown Crafts by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 106,739 shares of the textile maker’s stock valued at $296,000 after acquiring an additional 5,717 shares during the period. Institutional investors and hedge funds 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.