Crown Crafts (NASDAQ:CRWS) Issues Quarterly Earnings Results

Crown Crafts (NASDAQ:CRWS) released its quarterly earnings data on Wednesday. The textile maker reported $0.11 EPS for the quarter, FiscalAI reports. The firm had revenue of $23.70 million during the quarter. Crown Crafts had a negative net margin of 11.72% and a positive return on equity of 1.85%.

Crown Crafts Price Performance

Shares of CRWS traded down $0.01 during midday trading on Thursday, hitting $2.77. The company’s stock had a trading volume of 21,434 shares, compared to its average volume of 29,390. The stock has a market capitalization of $29.21 million, a price-to-earnings ratio of -2.85 and a beta of 0.81. The company has a quick ratio of 1.11, a current ratio of 2.88 and a debt-to-equity ratio of 0.31. The company’s fifty day simple moving average is $2.89 and its two-hundred day simple moving average is $2.97. Crown Crafts has a one year low of $2.35 and a one year high of $4.69.

Crown Crafts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend is Friday, December 12th. Crown Crafts’s dividend payout ratio (DPR) is currently -32.99%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Crown Crafts in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Crown Crafts

Several hedge funds have recently made changes to their positions in the business. Bailard Inc. bought a new stake in Crown Crafts during the first quarter valued at about $57,000. Diamond Hill Capital Management Inc. raised its stake in Crown Crafts by 5.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 112,202 shares of the textile maker’s stock valued at $408,000 after acquiring an additional 5,315 shares during the last quarter. Beacon Pointe Advisors LLC grew its holdings in Crown Crafts by 72.3% in the second quarter. Beacon Pointe Advisors LLC now owns 23,365 shares of the textile maker’s stock valued at $67,000 after purchasing an additional 9,802 shares during the last quarter. Finally, Synovus Financial Corp lifted its holdings in shares of Crown Crafts by 7.5% during the 3rd quarter. Synovus Financial Corp now owns 300,918 shares of the textile maker’s stock worth $876,000 after acquiring an additional 21,122 shares during the period. 30.23% of the stock is currently owned by hedge funds and other 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; dolls and plush toys; 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.