Crown Crafts (NASDAQ:CRWS) Share Price Crosses Above 200 Day Moving Average of $4.99

Crown Crafts, Inc. (NASDAQ:CRWS) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.99 and traded as high as $5.30. Crown Crafts shares last traded at $5.30, with a volume of 8,119 shares traded.

Crown Crafts Price Performance

The company has a current ratio of 4.13, a quick ratio of 1.74 and a debt-to-equity ratio of 0.20. The firm has a market cap of $54.27 million, a price-to-earnings ratio of 11.28 and a beta of 0.79. The company’s 50-day moving average is $5.42 and its 200-day moving average is $4.99.

Crown Crafts (NASDAQ:CRWS) last posted its quarterly earnings results on Wednesday, February 14th. The textile maker reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $23.80 million for the quarter. Crown Crafts had a net margin of 5.44% and a return on equity of 10.02%.

Crown Crafts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 6.04%. The ex-dividend date was Thursday, March 14th. Crown Crafts’s payout ratio is 68.09%.

Hedge Funds Weigh In On Crown Crafts

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Crown Crafts by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 507,114 shares of the textile maker’s stock valued at $2,515,000 after purchasing an additional 41,424 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Crown Crafts by 5.2% in the 1st quarter. Renaissance Technologies LLC now owns 322,842 shares of the textile maker’s stock valued at $1,860,000 after purchasing an additional 15,900 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Crown Crafts by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 248,780 shares of the textile maker’s stock valued at $1,438,000 after purchasing an additional 5,781 shares during the last quarter. Synovus Financial Corp raised its stake in shares of Crown Crafts by 27.6% during the third quarter. Synovus Financial Corp now owns 241,220 shares of the textile maker’s stock valued at $1,136,000 after acquiring an additional 52,151 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. raised its stake in shares of Crown Crafts by 5.0% during the third quarter. Cutter & CO Brokerage Inc. now owns 84,800 shares of the textile maker’s stock valued at $399,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors own 30.23% of the company’s stock.

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; 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.