Crown Crafts (NASDAQ:CRWS) Announces Quarterly Earnings Results

Crown Crafts (NASDAQ:CRWS) issued its earnings results on Wednesday. The textile maker reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.11), FiscalAI reports. The company had revenue of $22.38 million during the quarter, compared to analyst estimates of $16.30 million. Crown Crafts had a negative net margin of 11.10% and a positive return on equity of 2.93%.

Crown Crafts Stock Up 1.5%

CRWS opened at $2.78 on Wednesday. Crown Crafts has a 12 month low of $2.35 and a 12 month high of $3.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.43 and a quick ratio of 1.47. The stock has a market cap of $29.75 million, a P/E ratio of -3.12 and a beta of 0.65. The stock’s 50 day moving average price is $2.77 and its 200 day moving average price is $2.80.

Crown Crafts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Thursday, June 11th. Crown Crafts’s dividend payout ratio is -35.96%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Crown Crafts in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Crown Crafts currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC acquired a new position in shares of Crown Crafts during the fourth quarter valued at $477,000. Bridgeway Capital Management LLC lifted its holdings in Crown Crafts by 3.0% in the third quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock worth $373,000 after purchasing an additional 3,688 shares during the period. Geode Capital Management LLC grew its position in Crown Crafts by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 106,739 shares of the textile maker’s stock valued at $296,000 after buying an additional 5,717 shares in the last quarter. Empowered Funds LLC grew its position in Crown Crafts by 7.8% in the 4th quarter. Empowered Funds LLC now owns 56,348 shares of the textile maker’s stock valued at $156,000 after buying an additional 4,078 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Crown Crafts during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 30.23% of the company’s stock.

Crown Crafts Company Profile

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.