Crown Crafts (CRWS) Announces Earnings Results

Crown Crafts (NASDAQ:CRWS) released its quarterly earnings data on Wednesday. The textile maker reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01), MarketWatch Earnings reports. Crown Crafts had a net margin of 5.21% and a return on equity of 10.60%.

Shares of CRWS stock opened at $5.90 on Thursday. Crown Crafts has a 52 week low of $5.40 and a 52 week high of $8.05. The company has a market capitalization of $55.98 million, a PE ratio of 10.73, a P/E/G ratio of 1.48 and a beta of 0.52. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.89 and a quick ratio of 1.15.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Friday, June 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.42%. Crown Crafts’s dividend payout ratio is presently 58.18%.

CRWS has been the subject of a number of analyst reports. ValuEngine upgraded shares of Crown Crafts from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. TheStreet lowered shares of Crown Crafts from a “b-” rating to a “c” rating in a research note on Thursday, March 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Crown Crafts has a consensus rating of “Hold” and an average target price of $7.81.

Hedge funds have recently made changes to their positions in the company. UBS Group AG grew its stake in shares of Crown Crafts by 231.4% in the first 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 period. Macquarie Group Ltd. grew its stake in shares of Crown Crafts by 71.7% in the fourth quarter. Macquarie Group Ltd. now owns 30,018 shares of the textile maker’s stock worth $194,000 after acquiring an additional 12,536 shares during the period. Bailard Inc. bought a new stake in shares of Crown Crafts in the fourth quarter worth approximately $220,000. Dimensional Fund Advisors LP bought a new stake in shares of Crown Crafts in the third quarter worth approximately $234,000. Finally, Deutsche Bank AG grew its stake in shares of Crown Crafts by 14.0% in the fourth quarter. Deutsche Bank AG now owns 64,602 shares of the textile maker’s stock worth $416,000 after acquiring an additional 7,945 shares during the period. Hedge funds and other institutional investors own 43.08% of the company’s stock.

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 crib 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 cup labels, toilet seat covers, and changing mats; and other infant, toddler, and juvenile soft goods.

Earnings History for Crown Crafts (NASDAQ:CRWS)

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