Crown Crafts, Inc. (NASDAQ:CRWS) Declares $0.03 Quarterly Dividend

Crown Crafts, Inc. (NASDAQ:CRWS – Get Free Report) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Friday, September 11th will be given a dividend of 0.03 per share by the textile maker on Friday, October 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 11th.

Crown Crafts has decreased its dividend payment by an average of 0.1%annually over the last three years.

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Crown Crafts Trading Down 2.3%

CRWS opened at $2.97 on Thursday. Crown Crafts has a twelve month low of $2.35 and a twelve month high of $3.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 3.58. The firm has a market cap of $31.96 million, a PE ratio of 16.50 and a beta of 0.64. The firm’s fifty day moving average is $2.91 and its two-hundred day moving average is $2.85.

Crown Crafts (NASDAQ:CRWS – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The textile maker reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. Crown Crafts had a net margin of 2.24% and a return on equity of 4.78%. The company had revenue of $16.77 million during the quarter, compared to the consensus estimate of $20.90 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Crown Crafts in the 2nd quarter valued at $1,896,838,000. De Lisle Partners LLP acquired a new position in Crown Crafts in the 2nd quarter worth about $1,178,000. LPL Financial LLC acquired a new stake in shares of Crown Crafts during the fourth quarter valued at about $477,000. Deutsche Bank AG acquired a new stake in shares of Crown Crafts during the second quarter valued at about $18,742,000. Finally, Ieq Capital LLC acquired a new position in shares of Crown Crafts in the second quarter valued at approximately $6,345,000. Institutional investors own 30.23% of the company’s stock.

Crown Crafts Company Profile

(Get Free Report)

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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