Crown Crafts, Inc. (NASDAQ:CRWS) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.64 and traded as high as $4.55. Crown Crafts shares last traded at $4.55, with a volume of 502 shares changing hands.
Separately, ValuEngine raised Zumiez from a “sell” rating to a “hold” rating in a report on Saturday, June 22nd.
The company has a quick ratio of 2.48, a current ratio of 5.02 and a debt-to-equity ratio of 0.11. The business’s fifty day simple moving average is $4.64. The stock has a market capitalization of $45.54 million, a PE ratio of 9.04 and a beta of 0.51.
Crown Crafts (NASDAQ:CRWS) last issued its quarterly earnings data on Thursday, June 13th. The textile maker reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Crown Crafts had a net margin of 6.57% and a return on equity of 12.49%. The firm had revenue of $21.72 million during the quarter, compared to analyst estimates of $20.40 million. On average, sell-side analysts anticipate that Crown Crafts, Inc. will post 0.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 7.08%. The ex-dividend date was Thursday, June 13th. Crown Crafts’s dividend payout ratio (DPR) is currently 64.00%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mid Atlantic Financial Management Inc. ADV acquired a new stake in shares of Crown Crafts during the 1st quarter worth $68,000. LSV Asset Management grew its holdings in shares of Crown Crafts by 4.6% during the 1st quarter. LSV Asset Management now owns 53,864 shares of the textile maker’s stock worth $277,000 after purchasing an additional 2,370 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Crown Crafts by 375.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 195,393 shares of the textile maker’s stock worth $1,055,000 after purchasing an additional 154,318 shares in the last quarter. Finally, North Star Investment Management Corp. grew its holdings in shares of Crown Crafts by 3.1% during the 1st quarter. North Star Investment Management Corp. now owns 813,436 shares of the textile maker’s stock worth $4,197,000 after purchasing an additional 24,157 shares in the last quarter. 37.54% of the stock is currently owned by institutional investors.
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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