Crown Crafts Inc. (CRWS) Issues Earnings Results
Crown Crafts Inc. (NASDAQ:CRWS) issued its quarterly earnings results on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $15.80 million for the quarter, compared to the consensus estimate of $20.10 million. Crown Crafts had a net margin of 8.53% and a return on equity of 17.28%.
Shares of Crown Crafts (NASDAQ:CRWS) opened at 9.8018 on Wednesday. Crown Crafts has a 12 month low of $7.64 and a 12 month high of $10.24. The stock’s 50 day moving average price is $9.92 and its 200-day moving average price is $9.78. The firm has a market cap of $97.96 million, a P/E ratio of 13.9826 and a beta of 0.85.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Crown Crafts by 12.0% in the second quarter. Vanguard Group Inc. now owns 242,924 shares of the company’s stock worth $2,298,000 after buying an additional 25,952 shares in the last quarter. Ativo Capital Management LLC boosted its position in shares of Crown Crafts by 99.0% in the second quarter. Ativo Capital Management LLC now owns 120,626 shares of the company’s stock worth $1,141,000 after buying an additional 60,001 shares in the last quarter. Raymond James & Associates boosted its position in shares of Crown Crafts by 9.5% in the second quarter. Raymond James & Associates now owns 47,750 shares of the company’s stock worth $452,000 after buying an additional 4,142 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Crown Crafts by 12.1% in the second quarter. Nationwide Fund Advisors now owns 32,392 shares of the company’s stock worth $306,000 after buying an additional 3,500 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Crown Crafts by 0.4% in the third quarter. Northern Trust Corp now owns 21,040 shares of the company’s stock worth $215,000 after buying an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 46.85% of the company’s stock.
Separately, Zacks Investment Research raised Crown Crafts from a “sell” rating to a “hold” rating in a research note on Thursday, September 15th.
Crown Crafts Company Profile
Crown Crafts, Inc operates indirectly through its subsidiaries, Crown Crafts Infant Products, Inc and Hamco, Inc, 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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