Crown Crafts (NASDAQ:CRWS) issued its earnings results on Thursday. The textile maker reported $0.18 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.18, MarketWatch Earnings reports. The firm had revenue of $20.54 million for the quarter. Crown Crafts had a return on equity of 10.27% and a net margin of 3.84%.
NASDAQ CRWS traded up $0.03 during trading hours on Friday, reaching $5.93. The stock had a trading volume of 2,808 shares, compared to its average volume of 17,724. The firm has a market cap of $51.96 million, a P/E ratio of 10.98 and a beta of 0.61. Crown Crafts has a 52-week low of $5.00 and a 52-week 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 company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Friday, December 14th will be given a $0.08 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 5.40%. Crown Crafts’s dividend payout ratio is currently 59.26%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Skylands Capital LLC purchased a new stake in Crown Crafts in the third quarter valued at approximately $428,000. North Star Investment Management Corp. lifted its holdings in Crown Crafts by 11.2% in the third quarter. North Star Investment Management Corp. now owns 743,474 shares of the textile maker’s stock valued at $4,238,000 after acquiring an additional 74,771 shares during the period. Renaissance Technologies LLC lifted its holdings in Crown Crafts by 17.2% in the second quarter. Renaissance Technologies LLC now owns 356,440 shares of the textile maker’s stock valued at $2,032,000 after acquiring an additional 52,340 shares during the period. Ariel Investments LLC acquired a new position in Crown Crafts in the second quarter valued at approximately $898,000. Finally, UBS Group AG lifted its holdings in Crown Crafts by 231.4% in the first quarter. UBS Group AG now owns 20,987 shares of the textile maker’s stock valued at $124,000 after acquiring an additional 14,655 shares during the period. Hedge funds and other institutional investors own 38.64% of the company’s stock.
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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; 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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