Crown Crafts, Inc. (CRWS) Director Sells $25,880.00 in Stock

Crown Crafts, Inc. (NASDAQ:CRWS) Director Patricia Stensrud sold 4,000 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Crown Crafts, Inc. (NASDAQ CRWS) traded down $0.10 on Wednesday, hitting $6.55. The company had a trading volume of 16,260 shares, compared to its average volume of 18,212. The company has a current ratio of 2.89, a quick ratio of 1.15 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $65.56, a price-to-earnings ratio of 19.85, a P/E/G ratio of 2.89 and a beta of 0.41. Crown Crafts, Inc. has a fifty-two week low of $5.40 and a fifty-two week high of $8.70.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Friday, March 16th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Thursday, March 15th. Crown Crafts’s payout ratio is currently 96.97%.

A number of brokerages have recently weighed in on CRWS. Zacks Investment Research cut Crown Crafts from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. ValuEngine cut Crown Crafts from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Roth Capital restated a “buy” rating on shares of Crown Crafts in a research report on Thursday, February 8th. Finally, B. Riley restated a “buy” rating and issued a $7.50 price target on shares of Crown Crafts in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.81.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG boosted its stake in shares of 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 acquiring an additional 7,945 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Crown Crafts by 6.2% during the fourth quarter. Renaissance Technologies LLC now owns 304,529 shares of the textile maker’s stock valued at $1,964,000 after acquiring an additional 17,729 shares during the last quarter. Bailard Inc. acquired a new stake in shares of Crown Crafts during the fourth quarter valued at $220,000. North Star Investment Management Corp. boosted its stake in shares of 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 acquiring an additional 25,368 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Crown Crafts by 7.6% during the third quarter. Synovus Financial Corp now owns 118,863 shares of the textile maker’s stock valued at $773,000 after acquiring an additional 8,400 shares during the last quarter. 41.74% of the stock is currently owned by institutional investors and hedge funds.

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About Crown Crafts

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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