Crown Crafts (CRWS) Issues Earnings Results

Crown Crafts (NASDAQ:CRWS) issued its earnings results on Thursday. The textile maker reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15, MarketWatch Earnings reports. Crown Crafts had a return on equity of 12.97% and a net margin of 5.06%. The firm had revenue of $18.67 million for the quarter, compared to analysts’ expectations of $19.70 million.

CRWS traded up $0.17 during midday trading on Friday, reaching $5.67. 4,467 shares of the company were exchanged, compared to its average volume of 6,521. The company has a current ratio of 4.25, a quick ratio of 2.03 and a debt-to-equity ratio of 0.11. Crown Crafts has a one year low of $5.00 and a one year high of $7.25. The stock has a market cap of $57.19 million, a P/E ratio of 10.50 and a beta of 0.69.

A number of equities analysts have issued reports on the company. ValuEngine cut Crown Crafts from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. DA Davidson assumed coverage on Crown Crafts in a report on Thursday, November 29th. They set a “neutral” rating and a $6.50 target price on the stock.



Institutional investors and hedge funds have recently modified their holdings of the business. Skylands Capital LLC bought a new position in shares of Crown Crafts during the 3rd quarter valued at about $428,000. North Star Investment Management Corp. lifted its holdings in shares of Crown Crafts by 11.2% during the 3rd quarter. North Star Investment Management Corp. now owns 743,474 shares of the textile maker’s stock valued at $4,238,000 after purchasing an additional 74,771 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Crown Crafts by 17.2% during the 2nd quarter. Renaissance Technologies LLC now owns 356,440 shares of the textile maker’s stock valued at $2,032,000 after purchasing an additional 52,340 shares in the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in shares of Crown Crafts during the 4th quarter valued at about $164,000. Hedge funds and other institutional investors own 39.55% of the company’s stock.

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Crown Crafts Company Profile

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; 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.

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Earnings History for Crown Crafts (NASDAQ:CRWS)

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