Crown Crafts Inc. (CRWS) Hits New 12-Month High at $10.06
Crown Crafts Inc. (NASDAQ:CRWS)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $10.06 and last traded at $10.05, with a volume of 17,075 shares changing hands. The stock had previously closed at $10.00.
Separately, Zacks Investment Research raised shares of Crown Crafts from a “sell” rating to a “hold” rating in a research report on Friday, July 8th.
The firm has a market cap of $100.40 million and a PE ratio of 14.78. The firm has a 50 day moving average price of $9.64 and a 200-day moving average price of $9.03.
Crown Crafts (NASDAQ:CRWS) last announced its earnings results on Thursday, June 9th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $25.10 million for the quarter. On average, equities research analysts predict that Crown Crafts Inc. will post $0.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 8th. Investors of record on Friday, June 17th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Wednesday, June 15th.
An institutional investor recently raised its position in Crown Crafts stock. Opus Capital Group LLC increased its stake in Crown Crafts Inc. (NASDAQ:CRWS) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 246,621 shares of the company’s stock after buying an additional 6,400 shares during the period. Opus Capital Group LLC owned about 2.47% of Crown Crafts worth $2,094,000 as of its most recent filing with the SEC.
Crown Crafts, Inc, operates indirectly through its wholly owned subsidiaries, Crown Crafts Infant Products, Inc (CCIP) and Hamco, Inc (Hamco), in the infant and toddler products segment within the consumer products industry. The infant and toddler products segment consists of infant and toddler bedding, bibs, soft bath products, disposable products and accessories.