Crown Crafts (NASDAQ:CRWS) Releases Earnings Results

Crown Crafts (NASDAQ:CRWS) announced its earnings results on Friday. The textile maker reported $0.10 earnings per share for the quarter, reports. Crown Crafts had a return on equity of 10.02% and a net margin of 5.44%. The firm had revenue of $22.58 million for the quarter.

Crown Crafts Price Performance

Crown Crafts stock opened at $5.23 on Friday. Crown Crafts has a 12 month low of $4.11 and a 12 month high of $5.97. The company has a current ratio of 4.13, a quick ratio of 1.74 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $5.10 and its 200 day simple moving average is $5.19. The company has a market cap of $53.56 million, a price-to-earnings ratio of 10.67 and a beta of 0.79.

Crown Crafts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.32 annualized dividend and a yield of 6.12%. Crown Crafts’s payout ratio is 65.31%.

Hedge Funds Weigh In On Crown Crafts

Several institutional investors have recently bought and sold shares of CRWS. Perritt Capital Management Inc. lifted its stake in Crown Crafts by 33.3% in the third quarter. Perritt Capital Management Inc. now owns 30,000 shares of the textile maker’s stock valued at $141,000 after purchasing an additional 7,500 shares during the last quarter. Empowered Funds LLC lifted its stake in Crown Crafts by 8.0% in the first quarter. Empowered Funds LLC now owns 37,922 shares of the textile maker’s stock valued at $193,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in Crown Crafts by 27.6% in the third quarter. Synovus Financial Corp now owns 241,220 shares of the textile maker’s stock valued at $1,136,000 after purchasing an additional 52,151 shares during the last quarter. Hedge funds and other institutional investors own 30.23% of the company’s stock.

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; dolls and plush toys; 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.