Posted by admin on May 18th, 2022

Crown Crafts, Inc. (NASDAQ:CRWS – Get Rating) announced a quarterly dividend on Tuesday, May 17th, Zacks reports. Stockholders of record on Friday, June 17th will be paid a dividend of 0.08 per share by the textile maker on Friday, July 8th. This represents a $0.32 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend is Thursday, June 16th.

Crown Crafts has raised its dividend payment by an average of 27.9% annually over the last three years. Crown Crafts has a payout ratio of 40.5% indicating that its dividend is sufficiently covered by earnings.

Shares of NASDAQ CRWS opened at $6.10 on Wednesday. The firm’s 50-day simple moving average is $6.35 and its 200 day simple moving average is $6.89. The company has a market cap of $61.49 million, a price-to-earnings ratio of 7.92 and a beta of 0.85. Crown Crafts has a 12-month low of $5.95 and a 12-month high of $8.25.

Separately, DA Davidson reduced their price target on shares of Crown Crafts from $8.50 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 23rd.

In related news, CEO E Randall Chestnut sold 13,300 shares of the company’s stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $6.93, for a total transaction of $92,169.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 11.62% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Crown Crafts by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 288,743 shares of the textile maker’s stock valued at $1,880,000 after acquiring an additional 7,491 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Crown Crafts by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 239,262 shares of the textile maker’s stock valued at $1,558,000 after acquiring an additional 2,242 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Crown Crafts during the 4th quarter worth approximately $134,000. Finally, CIBC World Markets Inc. bought a new stake in Crown Crafts during the 4th quarter worth approximately $73,000. 40.94% of the stock is owned by institutional investors.

Crown Crafts Company Profile (Get Rating)

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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