Crown Crafts, Inc. Plans Quarterly Dividend of $0.08 (NASDAQ:CRWS)
Crown Crafts, Inc. (NASDAQ:CRWS) declared a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Investors of record on Friday, September 15th will be paid 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 5.71%. The ex-dividend date of this dividend is Thursday, September 14th.
Shares of Crown Crafts (NASDAQ CRWS) remained flat at $5.60 during trading on Friday. The company’s stock had a trading volume of 99,778 shares. Crown Crafts has a 52-week low of $5.40 and a 52-week high of $10.24. The stock has a 50 day moving average price of $6.04 and a 200 day moving average price of $7.28. The firm has a market cap of $56.32 million, a price-to-earnings ratio of 10.18 and a beta of 0.47.
Crown Crafts (NASDAQ:CRWS) last issued its quarterly earnings results on Thursday, August 10th. The textile maker reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. The company had revenue of $13.65 million for the quarter, compared to the consensus estimate of $13.49 million. Crown Crafts had a return on equity of 14.07% and a net margin of 8.45%. On average, equities research analysts anticipate that Crown Crafts will post $0.52 earnings per share for the current fiscal year.
Several research analysts have commented on CRWS shares. Roth Capital set a $9.00 price target on Crown Crafts and gave the stock a “buy” rating in a research report on Saturday, June 17th. FBR & Co raised Crown Crafts from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $7.00 to $7.50 in a research report on Friday. Zacks Investment Research cut Crown Crafts from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. Finally, TheStreet cut Crown Crafts from a “b-” rating to a “c+” rating in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.94.
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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