Crown Crafts, Inc. (NASDAQ:CRWS – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.84 and traded as high as $3.05. Crown Crafts shares last traded at $3.00, with a volume of 51,563 shares traded.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Crown Crafts has a consensus rating of “Hold”.
Read Our Latest Analysis on CRWS
Crown Crafts Stock Down 1.7%
Crown Crafts (NASDAQ:CRWS – Get Free Report) last released its quarterly earnings results on Wednesday, June 24th. The textile maker reported $0.03 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.20). The company had revenue of $22.38 million for the quarter, compared to the consensus estimate of $22.30 million. Crown Crafts had a net margin of 2.24% and a return on equity of 4.78%.
Crown Crafts Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.32 dividend on an annualized basis and a yield of 10.9%. Crown Crafts’s dividend payout ratio is presently 177.78%.
Institutional Investors Weigh In On Crown Crafts
Several institutional investors have recently modified their holdings of CRWS. Mariner LLC bought a new stake in shares of Crown Crafts during the fourth quarter worth approximately $28,000. Institute for Wealth Management LLC. bought a new position in Crown Crafts in the fourth quarter valued at approximately $28,000. XTX Topco Ltd acquired a new stake in Crown Crafts during the 4th quarter worth $32,000. HB Wealth Management LLC acquired a new stake in Crown Crafts during the 4th quarter worth $41,000. Finally, Weinberger Asset Management Inc bought a new stake in shares of Crown Crafts during the 4th quarter valued at $61,000. Institutional investors and hedge funds own 30.23% of the company’s stock.
About Crown Crafts
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.
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