Crown Crafts (CRWS) Announces Earnings Results, Meets Expectations

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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%.

In related news, CEO Nanci Freeman sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $6.02, for a total value of $120,400.00. Following the sale, the chief executive officer now owns 179,979 shares in the company, valued at $1,083,473.58. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 25,451 shares of company stock worth $153,200. 14.21% of the stock is owned by insiders.

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 d├ęcors; 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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Earnings History for Crown Crafts (NASDAQ:CRWS)

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