According to Zacks, “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. “
A number of other research firms have also commented on CRWS. ValuEngine upgraded Crown Crafts from a strong sell rating to a sell rating in a research note on Monday, September 30th. TheStreet upgraded Crown Crafts from a c+ rating to a b rating in a research note on Thursday, October 10th.
Crown Crafts stock opened at $6.61 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.47 and a current ratio of 3.23. The business’s 50-day simple moving average is $5.65 and its 200-day simple moving average is $5.05. The firm has a market capitalization of $66.28 million, a PE ratio of 13.22 and a beta of 0.45. Crown Crafts has a 52 week low of $4.01 and a 52 week high of $6.64.
Crown Crafts (NASDAQ:CRWS) last posted its quarterly earnings data on Wednesday, August 14th. The textile maker reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $15.94 million for the quarter, compared to analyst estimates of $15.60 million. Crown Crafts had a return on equity of 13.54% and a net margin of 7.59%. Research analysts forecast that Crown Crafts will post 0.52 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date was Thursday, September 12th. Crown Crafts’s payout ratio is 64.00%.
In other Crown Crafts news, insider Nanci Freeman sold 15,000 shares of Crown Crafts stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $5.18, for a total transaction of $77,700.00. Following the sale, the insider now directly owns 157,030 shares of the company’s stock, valued at $813,415.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.63% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. North Star Investment Management Corp. boosted its holdings in Crown Crafts by 20.4% during the second quarter. North Star Investment Management Corp. now owns 979,506 shares of the textile maker’s stock valued at $4,604,000 after purchasing an additional 166,070 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new position in shares of Crown Crafts in the 2nd quarter worth approximately $269,000. Cutter & CO Brokerage Inc. acquired a new position in shares of Crown Crafts in the 2nd quarter worth approximately $441,000. Dalton Greiner Hartman Maher & Co. acquired a new position in shares of Crown Crafts in the 3rd quarter worth approximately $308,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Crown Crafts in the 2nd quarter worth approximately $324,000. 33.69% of the stock is currently owned by institutional investors.
About Crown Crafts
Crown Crafts, Inc, through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods.
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