Bard Associates Inc. boosted its holdings in shares of Crown Crafts, Inc. (NASDAQ:CRWS) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 181,070 shares of the textile maker’s stock after buying an additional 950 shares during the quarter. Bard Associates Inc. owned 1.80% of Crown Crafts worth $1,258,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new stake in Crown Crafts during the 1st quarter worth approximately $154,000. JPMorgan Chase & Co. lifted its holdings in Crown Crafts by 3,825.5% during the 1st quarter. JPMorgan Chase & Co. now owns 23,553 shares of the textile maker’s stock worth $194,000 after buying an additional 22,953 shares in the last quarter. Nationwide Fund Advisors acquired a new stake in Crown Crafts during the 1st quarter worth approximately $270,000. LSV Asset Management lifted its holdings in Crown Crafts by 4.4% during the 1st quarter. LSV Asset Management now owns 47,100 shares of the textile maker’s stock worth $388,000 after buying an additional 1,978 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. lifted its holdings in Crown Crafts by 8.8% during the 1st quarter. Cutter & CO Brokerage Inc. now owns 61,800 shares of the textile maker’s stock worth $509,000 after buying an additional 5,000 shares in the last quarter. Institutional investors own 41.87% of the company’s stock.
Shares of Crown Crafts, Inc. (NASDAQ CRWS) traded up 0.76% during midday trading on Monday, hitting $6.60. 974 shares of the stock were exchanged. The firm has a 50 day moving average of $6.04 and a 200 day moving average of $7.12. Crown Crafts, Inc. has a 12-month low of $5.40 and a 12-month high of $10.24. The firm has a market cap of $66.38 million, a P/E ratio of 13.47 and a beta of 0.42.
Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings data on Thursday, August 10th. The textile maker reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. Crown Crafts had a net margin of 7.79% and a return on equity of 13.46%. The company had revenue of $13.65 million during the quarter, compared to the consensus estimate of $13.49 million. Equities analysts forecast that Crown Crafts, Inc. will post $0.58 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.32 annualized dividend and a yield of 4.89%. Crown Crafts’s dividend payout ratio is currently 64.00%.
A number of equities research analysts have issued reports on the stock. FBR & Co upgraded shares of Crown Crafts from a “neutral” rating to a “buy” rating and increased their target price for the stock from $7.00 to $7.50 in a report on Friday, August 11th. Roth Capital set a $9.00 target price on shares of Crown Crafts and gave the stock a “buy” rating in a report on Saturday, June 17th. Zacks Investment Research lowered shares of Crown Crafts from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Finally, TheStreet lowered shares of Crown Crafts from a “b-” rating to a “c+” rating in a report on Friday, June 23rd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Crown Crafts presently has a consensus rating of “Buy” and a consensus price target of $7.69.
In other Crown Crafts news, Director Donald R. Ratajczak acquired 5,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $5.75 per share, for a total transaction of $28,750.00. Following the completion of the purchase, the director now directly owns 125,151 shares in the company, valued at $719,618.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 14.17% of the stock is owned by insiders.
Crown Crafts Profile
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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