Crown Crafts (NASDAQ:CRWS) Announces Quarterly Earnings Results

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

Crown Crafts Price Performance

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

Crown Crafts Announces Dividend

The business also recently declared 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. This represents a $0.32 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend is Friday, June 14th. Crown Crafts’s dividend payout ratio is 65.31%.

Hedge Funds Weigh In On Crown Crafts

A number of institutional investors and hedge funds have recently bought and sold shares of CRWS. Synovus Financial Corp boosted 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 worth $1,136,000 after purchasing an additional 52,151 shares in the last quarter. Perritt Capital Management Inc. boosted 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 worth $141,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Empowered Funds LLC boosted 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 worth $193,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 30.23% 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 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.