Lombard Odier Asset Management Europe Ltd Buys Shares of 195,558 Crown Crafts, Inc. $CRWS

Lombard Odier Asset Management Europe Ltd bought a new position in shares of Crown Crafts, Inc. (NASDAQ:CRWS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 195,558 shares of the textile maker’s stock, valued at approximately $21,867,000. Crown Crafts comprises 0.1% of Lombard Odier Asset Management Europe Ltd’s holdings, making the stock its 28th largest holding.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Crown Crafts in the 2nd quarter valued at about $1,896,838,000. Jupiter Topco LLC acquired a new stake in shares of Crown Crafts in the 2nd quarter valued at approximately $141,362,000. Bank of America Corp DE bought a new position in Crown Crafts during the 2nd quarter worth approximately $97,640,000. De Lisle Partners LLP bought a new position in Crown Crafts during the 2nd quarter worth approximately $1,178,000. Finally, Corient Private Wealth LP acquired a new position in Crown Crafts during the second quarter valued at approximately $20,883,000. 30.23% of the stock is currently owned by institutional investors and hedge funds.

Crown Crafts Price Performance

CRWS stock opened at $2.87 on Friday. The stock has a 50-day moving average price of $2.94 and a two-hundred day moving average price of $2.85. Crown Crafts, Inc. has a 1 year low of $2.35 and a 1 year high of $3.14. The stock has a market cap of $30.88 million, a PE ratio of 6.11 and a beta of 0.64. The company has a current ratio of 3.20, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19.

Crown Crafts (NASDAQ:CRWS) last posted its quarterly earnings data on Wednesday, August 12th. The textile maker reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.05. The company had revenue of $16.77 million during the quarter, compared to analysts’ expectations of $20.90 million. Crown Crafts had a return on equity of 12.79% and a net margin of 5.99%.

Crown Crafts Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 11th. Crown Crafts’s dividend payout ratio (DPR) is currently 68.09%.

Wall Street Analyst Weigh In

Several brokerages have commented on CRWS. Wall Street Zen raised shares of Crown Crafts to a “strong-buy” rating in a research note on Saturday. Weiss Ratings raised shares of Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Crown Crafts Profile

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.