195,558 Shares in Crown Crafts, Inc. $CRWS Purchased by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Crown Crafts, Inc. (NASDAQ:CRWS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 195,558 shares of the textile maker’s stock, valued at approximately $21,867,000. Crown Crafts comprises about 0.1% of Lombard Odier Asset Management Europe Ltd’s investment portfolio, making the stock its 28th largest position. Lombard Odier Asset Management Europe Ltd owned about 1.82% of Crown Crafts at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CRWS. BlackRock Inc. bought a new position in shares of Crown Crafts in the second quarter valued at approximately $1,896,838,000. Jupiter Topco LLC bought a new stake in Crown Crafts during the 2nd quarter worth approximately $141,362,000. Bank of America Corp DE bought a new stake in Crown Crafts during the 2nd quarter worth approximately $97,640,000. De Lisle Partners LLP acquired a new stake in Crown Crafts during the 2nd quarter valued at $1,178,000. Finally, Renaissance Technologies LLC increased its holdings in Crown Crafts by 7.9% during the 1st quarter. Renaissance Technologies LLC now owns 257,342 shares of the textile maker’s stock valued at $663,000 after purchasing an additional 18,800 shares in the last quarter. 30.23% of the stock is owned by institutional investors.

Crown Crafts Stock Down 1.0%

Shares of NASDAQ CRWS opened at $2.87 on Friday. The firm has a market capitalization of $30.88 million, a PE ratio of 6.11 and a beta of 0.64. The company has a current ratio of 3.20, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. Crown Crafts, Inc. has a 1 year low of $2.35 and a 1 year high of $3.14. The firm’s 50-day moving average is $2.94 and its 200-day moving average is $2.85.

Crown Crafts (NASDAQ:CRWS) last issued its quarterly earnings results on Wednesday, August 12th. The textile maker reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. Crown Crafts had a net margin of 5.99% and a return on equity of 12.79%. The company had revenue of $16.77 million during the quarter, compared to analysts’ expectations of $20.90 million.

Crown Crafts Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, September 11th. Crown Crafts’s payout ratio is currently 68.09%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CRWS. Wall Street Zen upgraded Crown Crafts to a “strong-buy” rating in a research report on Saturday. Weiss Ratings upgraded Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Crown Crafts has an average rating of “Hold”.

Crown Crafts Company Profile

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.