Crown Crafts, Inc. (NASDAQ:CRWS) declared a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.08 per share by the textile maker on Friday, October 6th. This represents a $0.32 annualized dividend and a yield of 4.85%. The ex-dividend date is Thursday, September 14th.
Crown Crafts (CRWS) remained flat at $6.60 during midday trading on Wednesday. 2,681 shares of the company traded hands. The company’s 50-day moving average price is $6.06 and its 200 day moving average price is $7.11. Crown Crafts has a 52 week low of $5.40 and a 52 week high of $10.24. The stock has a market capitalization of $66.38 million, a PE ratio of 13.47 and a beta of 0.42.
Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings results on Thursday, August 10th. The textile maker reported $0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $13.49 million. On average, equities analysts expect that Crown Crafts will post $0.58 earnings per share for the current year.
In related news, Director Donald R. Ratajczak bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $5.75 per share, with a total value of $28,750.00. Following the completion of the transaction, the director now owns 125,151 shares of the company’s stock, valued at $719,618.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 14.17% of the stock is currently owned by company insiders.
CRWS has been the topic of several analyst reports. Zacks Investment Research raised shares of Crown Crafts from a “sell” rating to a “buy” rating and set a $6.75 price target on the stock in a research note on Tuesday, August 15th. Roth Capital set a $9.00 target price on shares of Crown Crafts and gave the stock a “buy” rating in a research report on Saturday, June 17th. FBR & Co raised shares of Crown Crafts from a “neutral” rating to a “buy” rating and raised their target price for the stock from $7.00 to $7.50 in a research report on Friday, August 11th. Finally, TheStreet cut shares of Crown Crafts from a “b-” rating to a “c+” rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Crown Crafts has a consensus rating of “Buy” and a consensus target price of $7.69.
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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