Crown Crafts (CRWS) Reaches New 52-Week Low at $5.00

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

The company has a market cap of $57.40 million, a P/E ratio of 9.81 and a beta of 0.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.80 and a quick ratio of 1.66.

Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings results on Thursday, August 9th. The textile maker reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 analyst estimates of $16.38 million.

The company also recently announced a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Friday, September 14th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend was Thursday, September 13th. Crown Crafts’s payout ratio is 59.26%.

In related 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 transaction of $120,400.00. Following the transaction, the chief executive officer now owns 179,979 shares of the company’s stock, valued at approximately $1,083,473.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 25,451 shares of company stock worth $153,200. 14.21% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. lifted its stake in Crown Crafts by 11.2% during 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 lifted its stake in Crown Crafts by 17.2% during 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. Ariel Investments LLC acquired a new position in Crown Crafts during the 2nd quarter worth about $898,000. Finally, UBS Group AG lifted its stake in Crown Crafts by 231.4% during 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. 37.14% of the stock is currently owned by hedge funds and other institutional investors.

Crown Crafts Company Profile (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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