Stock Worth Mentioning: After Touching 52-Week Low, Is Crown Crafts, Inc.’s Near-Term Analysis Negative?

Stock Worth Mentioning: After Touching 52 Week Low, Is Crown Crafts, Inc.'s Near Term Analysis Negative?

The stock of Crown Crafts, Inc. (NASDAQ:CRWS) hit a new 52-week low and has $7.30 target or 4.00% below today’s $7.60 share price. The 5 months bearish chart indicates high risk for the $70.50 million company. The 1-year low was reported on Nov, 22 by Barchart.com. If the $7.30 price target is reached, the company will be worth $2.82M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 56,593 shares traded hands or 236.04% up from the average. Crown Crafts, Inc. (NASDAQ:CRWS) has declined 13.51% since April 20, 2016 and is downtrending. It has underperformed by 18.07% the S&P500.

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 Q2 2016. Its up 1.68, from 1.82 in 2016Q1. The ratio improved, 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.
Bank & Trust Of Ny Mellon Corp accumulated 12,886 shares or 0% of the stock. The Maryland-based Park Circle has invested 0.07% in Crown Crafts, Inc. (NASDAQ:CRWS). The Illinois-based Ariel Invests has invested 0.07% in Crown Crafts, Inc. (NASDAQ:CRWS). Goldman Sachs Gru Inc has invested 0% of its portfolio in Crown Crafts, Inc. (NASDAQ:CRWS). Hodges Cap Management holds 0.05% of its portfolio in Crown Crafts, Inc. (NASDAQ:CRWS) for 118,000 shares. Nationwide Fund owns 32,392 shares or 0% of their US portfolio. Ativo Mngmt Limited Liability Corp has invested 0.28% of its portfolio in Crown Crafts, Inc. (NASDAQ:CRWS). Dalton Greiner Hartman Maher And accumulated 0.12% or 208,322 shares. First Manhattan Communication has 47,495 shares for 0% of their US portfolio. Wellington Management Grp Limited Liability Partnership accumulated 0% or 848,052 shares. Ny State Common Retirement Fund, a New York-based fund reported 77,498 shares. Acadian Asset Management Limited Com reported 1,071 shares or 0% of all its holdings. Wells Fargo And Mn has 242,603 shares for 0% of their US portfolio. California Employees Retirement System has 38,475 shares for 0% of their US portfolio. Diker Lc reported 29,950 shares or 0.11% of all its holdings.

More news for Crown Crafts, Inc. (NASDAQ:CRWS) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on February 16, 2011. Seekingalpha.com‘s article titled: “Crown Crafts: A Dividend Portfolio Staple” and published on November 01, 2016 is yet another important article.

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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