Crown Crafts (CRWS) Reaches New 1-Year Low at $5.00

Crown Crafts, Inc. (NASDAQ:CRWS) hit a new 52-week low on Thursday . The stock traded as low as $5.00 and last traded at $5.20, with a volume of 100 shares. The stock had previously closed at $5.28.

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 firm has a market capitalization of $57.40 million, a price-to-earnings ratio of 9.81 and a beta of 0.57.

Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings data on Thursday, August 9th. The textile maker reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). Crown Crafts had a net margin of 3.84% and a return on equity of 10.27%. The business had revenue of $15.46 million during the quarter, compared to analysts’ expectations of $16.38 million.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Friday, September 14th were issued a $0.08 dividend. The ex-dividend date was Thursday, September 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.04%. Crown Crafts’s payout ratio is currently 59.26%.

In other news, CEO Nanci Freeman sold 20,000 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $6.02, for a total value of $120,400.00. Following the transaction, the chief executive officer now owns 179,979 shares in the company, valued at approximately $1,083,473.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 25,451 shares of company stock worth $153,200. Company insiders own 14.21% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG increased its holdings in shares of Crown Crafts by 231.4% in the 1st 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 last quarter. North Star Investment Management Corp. increased its holdings in shares of Crown Crafts by 3.4% in the 2nd quarter. North Star Investment Management Corp. now owns 668,703 shares of the textile maker’s stock valued at $3,812,000 after acquiring an additional 22,089 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Crown Crafts by 17.2% in the 2nd 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 last quarter. Finally, Ariel Investments LLC purchased a new position in shares of Crown Crafts in the 2nd quarter valued at about $898,000. Institutional investors and hedge funds own 37.14% of the company’s stock.

About Crown Crafts (NASDAQ:CRWS)

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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