Crown Crafts (CRWS) Issues Quarterly Earnings Results
Crown Crafts (NASDAQ:CRWS) released its quarterly earnings data on Thursday. The textile maker reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18, MarketWatch Earnings reports. The business had revenue of $20.54 million for the quarter. Crown Crafts had a net margin of 3.84% and a return on equity of 10.27%.
NASDAQ CRWS traded up $0.03 during trading on Friday, hitting $5.93. 2,808 shares of the company’s stock traded hands, compared to its average volume of 17,724. The company has a market cap of $51.96 million, a PE ratio of 10.98 and a beta of 0.61. Crown Crafts has a 12-month low of $5.00 and a 12-month high of $7.54. The company has a quick ratio of 1.66, a current ratio of 3.80 and a debt-to-equity ratio of 0.10.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 5.40%. The ex-dividend date is Thursday, December 13th. Crown Crafts’s dividend payout ratio (DPR) is presently 59.26%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRWS. Skylands Capital LLC acquired a new stake in shares of Crown Crafts in the 3rd quarter valued at $428,000. North Star Investment Management Corp. lifted its stake in shares of Crown Crafts by 11.2% in the 3rd quarter. North Star Investment Management Corp. now owns 743,474 shares of the textile maker’s stock valued at $4,238,000 after purchasing an additional 74,771 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Crown Crafts by 17.2% in the 2nd quarter. Renaissance Technologies LLC now owns 356,440 shares of the textile maker’s stock valued at $2,032,000 after purchasing an additional 52,340 shares during the last quarter. Ariel Investments LLC acquired a new stake in shares of Crown Crafts in the 2nd quarter valued at $898,000. Finally, UBS Group AG lifted its position in Crown Crafts by 231.4% during the 1st quarter. UBS Group AG now owns 20,987 shares of the textile maker’s stock worth $124,000 after acquiring an additional 14,655 shares during the last quarter. 38.64% of the stock is currently owned by institutional investors and hedge funds.
Crown Crafts Company Profile
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; 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.
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