Price Action to Note: What’s Ahead for Crown Crafts, Inc. After Today’s Big Increase?

Price Action to Note: What's Ahead for Crown Crafts, Inc. After Today's Big Increase?

The stock of Crown Crafts, Inc. (NASDAQ:CRWS) is a huge mover today! The stock increased 4.58% or $0.35 on November 23, hitting $8. About 52,372 shares traded hands or 151.67% up from the average. Crown Crafts, Inc. (NASDAQ:CRWS) has declined 12.95% since April 22, 2016 and is downtrending. It has underperformed by 18.36% the S&P500.
The move comes after 8 months positive chart setup for the $76.73M company. It was reported on Nov, 24 by Barchart.com. We have $8.48 PT which if reached, will make NASDAQ:CRWS worth $4.60M more.

Analysts await Crown Crafts, Inc. (NASDAQ:CRWS) to report earnings on February, 14. They expect $0.17 earnings per share, down 19.05% or $0.04 from last year’s $0.21 per share. CRWS’s profit will be $1.63M for 11.76 P/E if the $0.17 EPS becomes a reality. After $0.10 actual earnings per share reported by Crown Crafts, Inc. for the previous quarter, Wall Street now forecasts 70.00% EPS growth.

According to Zacks Investment Research, “Crown Crafts, Inc. operates, both directly and indirectly through its subsidiaries, in two principal business segments within the textile industry: Adult Home Furnishing and Juvenile Products, and Infant Products. Adult Home Furnishing and Juvenile Products consists of Bedroom Products, Throws and Decorative Home Accessories, and Juvenile Products. The Infant Products segment consists of infant bedding, bibs, infant soft goods and accessories.”

Insitutional Activity: The institutional sentiment increased to 3.5 in 2016 Q2. Its up 1.68, from 1.82 in 2016Q1. The ratio is positive, as 5 funds sold all Crown Crafts, Inc. shares owned while 6 reduced positions. 3 funds bought stakes while 17 increased positions. They now own 4.74 million shares or 3.73% less from 4.92 million shares in 2016Q1.
Dalton Greiner Hartman Maher And Communications has 208,322 shares for 0.12% of their US portfolio. Bancorp Of Ny Mellon Corp reported 12,886 shares or 0% of all its holdings. Diker Management Limited Liability Co accumulated 0.11% or 29,950 shares. Deutsche Bancshares Ag accumulated 0% or 87,754 shares. The Illinois-based North Star Invest Mgmt Corporation has invested 0.22% in Crown Crafts, Inc. (NASDAQ:CRWS). Tower Rech Cap Ltd Liability Corporation (Trc) accumulated 0% or 300 shares. Perritt Capital Management last reported 50,000 shares in the company. Renaissance Techs Lc last reported 254,400 shares in the company. Wellington Management Llp has 848,052 shares for 0% of their US portfolio. Synovus Fincl Corporation reported 100,863 shares or 0.02% of all its holdings. Lsv Asset Management holds 0% or 43,422 shares in its portfolio. Morgan Stanley accumulated 0% or 12,540 shares. Wells Fargo & Company Mn holds 0% of its portfolio in Crown Crafts, Inc. (NASDAQ:CRWS) for 242,603 shares. Goldman Sachs Grp Inc accumulated 0% or 11,214 shares. California Public Employees Retirement Systems last reported 38,475 shares in the company.

Another recent and important Crown Crafts, Inc. (NASDAQ:CRWS) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on February 16, 2011.

CRWS Company Profile

Crown Crafts, Inc., incorporated on August 5, 2003, operates indirectly through its subsidiaries, Crown Crafts Infant Products, Inc. (CCIP) and Hamco, Inc. (Hamco), in the infant and toddler products segment within the consumer products industry. The Firm operates primarily though the segment of infant and toddler products. These products consist of infant and toddler bedding, bibs, soft bath products, disposable products and accessories. The Company’s primary focus is on infant, toddler and juvenile products, including crib; blankets and swaddle blankets; nursery and toddler accessories; room decor; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats and floor mats; disposable cup labels, toilet seat covers and changing mats, and other infant, toddler and juvenile soft goods. Sales of its products are made directly to retailers, which are primarily mass merchants, mid-tier retailers, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, Internet accounts and wholesale clubs.

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