Card Factory plc (LON:CARD – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 87.32 ($1.13) and last traded at GBX 88 ($1.14), with a volume of 1171776 shares trading hands. The stock had previously closed at GBX 88.50 ($1.15).
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on CARD shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 185 ($2.40) price target on shares of Card Factory in a research report on Tuesday, September 24th. Berenberg Bank initiated coverage on Card Factory in a research note on Wednesday, July 3rd. They issued a “buy” rating and a GBX 154 ($2.00) price target for the company.
Check Out Our Latest Research Report on CARD
Card Factory Trading Down 0.6 %
Card Factory Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Thursday, October 31st will be issued a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date is Thursday, October 31st. This represents a yield of 0.84%. Card Factory’s dividend payout ratio is presently 5,000.00%.
Insiders Place Their Bets
In other Card Factory news, insider Pamela Powell acquired 4,766 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were acquired at an average price of GBX 104 ($1.35) per share, for a total transaction of £4,956.64 ($6,435.52). Corporate insiders own 14.41% of the company’s stock.
Card Factory Company Profile
Card Factory plc operates as a specialist retailer of cards, gifts, and celebration essentials in the United Kingdom and internationally. It operates through five segments: Cardfactory Stores, Cardfactory Online, Getting Personal, Partnerships, and Printcraft. The company provides greeting cards, celebration accessories, and gifts through cardfactory stores, cardfactory online retails, and network of third-party retail partners; and personalised cards and gifts through online retailer, as well as manufactures and sells greeting cards and personalised gifts through its stores and online businesses.
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