Crown Crafts (CRWS) Posts Quarterly Earnings Results, Hits Estimates

Crown Crafts (NASDAQ:CRWS) posted its earnings results on Thursday. The textile maker reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18, MarketWatch Earnings reports. The firm had revenue of $20.54 million during the quarter. Crown Crafts had a net margin of 3.84% and a return on equity of 10.27%.

Shares of NASDAQ:CRWS traded up $0.03 during trading on Friday, hitting $5.93. 2,808 shares of the stock traded hands, compared to its average volume of 17,724. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.80 and a quick ratio of 1.66. The firm has a market cap of $51.96 million, a price-to-earnings 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 also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Stockholders 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 dividend yield of 5.40%. The ex-dividend date is Thursday, December 13th. Crown Crafts’s dividend payout ratio (DPR) is 59.26%.

In other news, CEO Nanci Freeman sold 20,000 shares of Crown Crafts stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $6.02, for a total transaction of $120,400.00. Following the completion of the transaction, the chief executive officer now directly owns 179,979 shares of the company’s stock, valued at approximately $1,083,473.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 25,451 shares of company stock valued at $153,200. Insiders own 14.21% of the company’s stock.

Several large investors have recently bought and sold shares of CRWS. Ariel Investments LLC purchased a new position in shares of Crown Crafts during the 2nd quarter valued at approximately $898,000. Skylands Capital LLC purchased a new stake in Crown Crafts in the 3rd quarter worth $428,000. North Star Investment Management Corp. increased its holdings in 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 worth $4,238,000 after acquiring an additional 74,771 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Crown Crafts by 17.2% in the 2nd quarter. Renaissance Technologies LLC now owns 356,440 shares of the textile maker’s stock worth $2,032,000 after acquiring an additional 52,340 shares in the last quarter. Finally, UBS Group AG increased its holdings in Crown Crafts by 231.4% in 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 in the last quarter. 38.64% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History for Crown Crafts (NASDAQ:CRWS)

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