North Star Investment Management Corp. increased its stake in Crown Crafts, Inc. (NASDAQ:CRWS) by 20.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 423,272 shares of the textile maker’s stock after buying an additional 73,206 shares during the period. North Star Investment Management Corp. owned 4.21% of Crown Crafts worth $2,942,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Crown Crafts by 3.3% in the first quarter. Wellington Management Group LLP now owns 901,752 shares of the textile maker’s stock worth $7,439,000 after buying an additional 28,400 shares during the period. WCM Investment Management CA increased its stake in shares of Crown Crafts by 1.2% in the first quarter. WCM Investment Management CA now owns 295,618 shares of the textile maker’s stock worth $2,431,000 after buying an additional 3,525 shares during the period. Renaissance Technologies LLC increased its stake in shares of Crown Crafts by 8.4% in the fourth quarter. Renaissance Technologies LLC now owns 287,500 shares of the textile maker’s stock worth $2,228,000 after buying an additional 22,300 shares during the period. Royce & Associates LP increased its stake in shares of Crown Crafts by 5.7% in the first quarter. Royce & Associates LP now owns 209,900 shares of the textile maker’s stock worth $1,732,000 after buying an additional 11,400 shares during the period. Finally, Bard Associates Inc. increased its stake in shares of Crown Crafts by 1,659.8% in the first quarter. Bard Associates Inc. now owns 180,120 shares of the textile maker’s stock worth $1,481,000 after buying an additional 169,885 shares during the period. Institutional investors and hedge funds own 42.18% of the company’s stock.
Shares of Crown Crafts, Inc. (CRWS) opened at 5.55 on Friday. The company has a market cap of $55.82 million, a P/E ratio of 10.09 and a beta of 0.47. Crown Crafts, Inc. has a 52-week low of $5.40 and a 52-week high of $10.24. The company has a 50-day moving average price of $6.36 and a 200-day moving average price of $7.38.
Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings results on Wednesday, June 14th. The textile maker reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.02. Crown Crafts had a net margin of 8.45% and a return on equity of 14.07%. The firm had revenue of $17.31 million for the quarter, compared to the consensus estimate of $20.89 million. On average, equities analysts predict that Crown Crafts, Inc. will post $0.52 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 16th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date was Wednesday, June 14th. Crown Crafts’s payout ratio is presently 57.14%.
ILLEGAL ACTIVITY WARNING: “North Star Investment Management Corp. Increases Position in Crown Crafts, Inc. (NASDAQ:CRWS)” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://stocknewstimes.com/2017/08/05/crown-crafts-inc-nasdaqcrws-shares-bought-by-north-star-investment-management-corp-updated-updated.html.
CRWS has been the subject of a number of research analyst reports. Roth Capital set a $9.00 price target on Crown Crafts and gave the company a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research downgraded Crown Crafts from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. FBR & Co reiterated a “mkt perform” rating and set a $7.00 price target on shares of Crown Crafts in a research report on Tuesday, July 11th. Finally, TheStreet downgraded Crown Crafts from a “b-” rating to a “c+” rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. Crown Crafts presently has an average rating of “Hold” and a consensus target price of $7.81.
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.
Receive News & Ratings for Crown Crafts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Crafts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
