Crown Crafts CEO E Randall Chestnut Buys 22,640 Shares (CRWS)
Crown Crafts (NASDAQ:CRWS) CEO E Randall Chestnut bought 22,640 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of $7.42 per share, for a total transaction of $167,988.80. Following the completion of the acquisition, the chief executive officer now directly owns 672,750 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Roth Capital raised their price target on shares of Crown Crafts (NASDAQ:CRWS) from $7.00 to $8.00 in a research note to investors on Thursday, August 15th. They now have a “buy” rating on the stock.
Crown Crafts (NASDAQ:CRWS) traded up 3.60% on Monday, hitting $7.48. The stock had a trading volume of 66,036 shares. Crown Crafts has a 1-year low of $4.80 and a 1-year high of $7.64. The stock has a 50-day moving average of $6.98 and a 200-day moving average of $6.29. The company has a market cap of $73.6 million and a P/E ratio of 14.18.
Crown Crafts (NASDAQ:CRWS) last announced its earnings results on Wednesday, August 14th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.11 by $0.03. The company had revenue of $16.61 million for the quarter, compared to the consensus estimate of $17.98 million. Analysts expect that Crown Crafts will post $0.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 4th. Stockholders of record on Friday, September 13th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Wednesday, September 11th.
Crown Crafts, Inc operates indirectly through its wholly owned subsidiaries, Crown Crafts Infant Products, Inc and Hamco, Inc, in the infant and toddler products segment within the consumer products industry.
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