North Star Investment Management Corp. raised its position in shares of Crown Crafts, Inc. (NASDAQ:CRWS) by 20.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 423,272 shares of the textile maker’s stock after buying an additional 73,206 shares during the period. North Star Investment Management Corp. owned about 4.21% of Crown Crafts worth $2,942,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bard Associates Inc. boosted its position in Crown Crafts by 1,659.8% in the first quarter. Bard Associates Inc. now owns 180,120 shares of the textile maker’s stock worth $1,481,000 after buying an additional 169,885 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Crown Crafts by 8.4% in the fourth quarter. Renaissance Technologies LLC now owns 287,500 shares of the textile maker’s stock valued at $2,228,000 after buying an additional 22,300 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Crown Crafts by 5.7% in the first quarter. Royce & Associates LP now owns 209,900 shares of the textile maker’s stock valued at $1,732,000 after buying an additional 11,400 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Crown Crafts by 3.3% in the first quarter. Wellington Management Group LLP now owns 901,752 shares of the textile maker’s stock valued at $7,439,000 after buying an additional 28,400 shares in the last quarter. Finally, Nationwide Fund Advisors purchased a new stake in shares of Crown Crafts during the first quarter valued at $270,000. 41.45% of the stock is owned by institutional investors and hedge funds.
Crown Crafts, Inc. (NASDAQ:CRWS) traded down 0.87% during trading on Tuesday, hitting $5.70. The stock had a trading volume of 13,504 shares. The company has a market cap of $57.32 million, a price-to-earnings ratio of 10.36 and a beta of 0.52. Crown Crafts, Inc. has a 52 week low of $5.40 and a 52 week high of $10.24. The company has a 50-day moving average of $7.42 and a 200 day moving average of $7.67.
Crown Crafts (NASDAQ:CRWS) last posted its earnings results on Wednesday, June 14th. The textile maker reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by $0.02. The firm had revenue of $17.31 million during the quarter, compared to the consensus estimate of $20.89 million. Crown Crafts had a net margin of 8.45% and a return on equity of 14.07%. On average, equities research analysts anticipate that Crown Crafts, Inc. will post $0.52 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Friday, June 16th were given a $0.08 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $0.32 annualized dividend and a yield of 5.57%. Crown Crafts’s dividend payout ratio is presently 57.14%.
Several analysts have weighed in on CRWS shares. Roth Capital set a $9.00 price objective on Crown Crafts and gave the stock a “buy” rating in a report on Saturday, June 17th. TheStreet cut Crown Crafts from a “b-” rating to a “c+” rating in a report on Friday, June 23rd. Zacks Investment Research cut Crown Crafts from a “buy” rating to a “hold” rating in a report on Monday, May 15th. Finally, FBR & Co reissued a “mkt perform” rating and set a $7.00 price objective on shares of Crown Crafts in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. Crown Crafts currently has a consensus rating of “Hold” and an average target price of $7.81.
About Crown Crafts
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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