Crown Crafts, Inc. (CRWS) Shares Bought by Macquarie Group Ltd.

Macquarie Group Ltd. grew its holdings in shares of Crown Crafts, Inc. (NASDAQ:CRWS) by 71.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,018 shares of the textile maker’s stock after purchasing an additional 12,536 shares during the period. Macquarie Group Ltd.’s holdings in Crown Crafts were worth $194,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bailard Inc. bought a new position in Crown Crafts during the fourth quarter valued at about $220,000. Dimensional Fund Advisors LP bought a new position in Crown Crafts during the third quarter valued at about $234,000. North Star Investment Management Corp. boosted its stake in Crown Crafts by 4.6% during the fourth quarter. North Star Investment Management Corp. now owns 573,622 shares of the textile maker’s stock valued at $3,700,000 after buying an additional 25,368 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Crown Crafts by 185.4% during the third quarter. Nationwide Fund Advisors now owns 40,810 shares of the textile maker’s stock valued at $265,000 after buying an additional 26,510 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Crown Crafts by 14.0% during the fourth quarter. Deutsche Bank AG now owns 64,602 shares of the textile maker’s stock valued at $416,000 after buying an additional 7,945 shares in the last quarter. 42.26% of the stock is currently owned by institutional investors.

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NASDAQ:CRWS opened at $5.80 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.89 and a quick ratio of 1.15. Crown Crafts, Inc. has a 1-year low of $5.40 and a 1-year high of $8.05. The firm has a market capitalization of $59.00, a P/E ratio of 10.73, a P/E/G ratio of 1.56 and a beta of 0.53.

Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.10). Crown Crafts had a net margin of 5.21% and a return on equity of 10.60%. The company had revenue of $17.48 million during the quarter, compared to analyst estimates of $19.34 million. research analysts expect that Crown Crafts, Inc. will post 0.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 6th. Investors of record on Friday, March 16th were given a $0.08 dividend. The ex-dividend date was Thursday, March 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.52%. Crown Crafts’s dividend payout ratio (DPR) is 58.18%.

In related news, CEO Nanci Freeman sold 5,353 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $6.53, for a total value of $34,955.09. Following the completion of the transaction, the chief executive officer now owns 189,876 shares in the company, valued at approximately $1,239,890.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patricia Stensrud sold 4,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $6.47, for a total value of $25,880.00. Following the completion of the transaction, the director now owns 39,250 shares of the company’s stock, valued at approximately $253,947.50. The disclosure for this sale can be found here. Insiders sold a total of 13,093 shares of company stock valued at $85,157 in the last quarter. 14.17% of the stock is currently owned by corporate insiders.

CRWS has been the subject of several research reports. ValuEngine raised Crown Crafts from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research cut Crown Crafts from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. TheStreet cut Crown Crafts from a “b-” rating to a “c” rating in a research note on Thursday, March 29th. Finally, Roth Capital reiterated a “buy” rating on shares of Crown Crafts in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.81.

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Crown Crafts Profile

Crown Crafts, Inc operates indirectly through its subsidiaries, Crown Crafts Infant Products, Inc, Hamco, Inc and Carousel Designs, LLC, in the infant and toddler products segment within the consumer products industry. The Company operates though the segment of infant and toddler products. These products consist of infant and toddler bedding, bibs, soft bath products, disposable products and accessories.

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Institutional Ownership by Quarter for Crown Crafts (NASDAQ:CRWS)

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