Key Points
- Donald Ratajczak purchased 5,000 shares of Crown Crafts at $2.70 each (total $13,500), increasing his stake to 336,181 shares (a 1.51% ownership increase), per an SEC filing.
- Crown Crafts declared a $0.08 quarterly dividend (annualized $0.32) with an 11.7% yield; the ex-dividend date is Dec 12 and the payment date is Jan 2.
- Shares trade near $2.73 with a market cap of about $29.2M and a negative PE of -2.81, and the stock carries an average analyst rating of "Sell".
Crown Crafts, Inc. (NASDAQ:CRWS - Get Free Report) Director Donald Ratajczak bought 5,000 shares of the firm's stock in a transaction on Wednesday, November 19th. The stock was acquired at an average price of $2.70 per share, for a total transaction of $13,500.00. Following the transaction, the director owned 336,181 shares of the company's stock, valued at approximately $907,688.70. The trade was a 1.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Crown Crafts Price Performance
Shares of CRWS stock traded up $0.10 on Friday, reaching $2.73. The company had a trading volume of 46,900 shares, compared to its average volume of 31,087. The business's 50-day moving average is $2.85 and its 200 day moving average is $2.95. Crown Crafts, Inc. has a one year low of $2.35 and a one year high of $4.69. The company has a quick ratio of 1.11, a current ratio of 2.88 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $29.22 million, a PE ratio of -2.81 and a beta of 0.81.
Crown Crafts (NASDAQ:CRWS - Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The textile maker reported $0.11 earnings per share (EPS) for the quarter. Crown Crafts had a negative net margin of 11.72% and a positive return on equity of 1.85%. The business had revenue of $23.70 million during the quarter.
Crown Crafts Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date is Friday, December 12th. Crown Crafts's dividend payout ratio is presently -34.04%.
Institutional Investors Weigh In On Crown Crafts
Institutional investors have recently made changes to their positions in the stock. Beacon Pointe Advisors LLC raised its position in shares of Crown Crafts by 72.3% during the second quarter. Beacon Pointe Advisors LLC now owns 23,365 shares of the textile maker's stock worth $67,000 after acquiring an additional 9,802 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in Crown Crafts by 5.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 112,202 shares of the textile maker's stock valued at $408,000 after purchasing an additional 5,315 shares during the period. Bridgeway Capital Management LLC raised its holdings in Crown Crafts by 3.0% during the 3rd 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 last quarter. Finally, Synovus Financial Corp lifted its position in shares of Crown Crafts by 7.5% in the 3rd quarter. Synovus Financial Corp now owns 300,918 shares of the textile maker's stock worth $876,000 after purchasing an additional 21,122 shares during the period. Institutional investors own 30.23% of the company's stock.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "sell (d)" rating on shares of Crown Crafts in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Sell".
Get Our Latest Research Report on Crown Crafts
Crown Crafts Company Profile
(
Get Free Report)
Crown Crafts, Inc, through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; dolls and plush toys; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods.
Further Reading
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