Card Factory (LON:CARD) Sets New 1-Year High at $122.00

Card Factory plc (LON:CARD) shares hit a new 52-week high during trading on Monday . The stock traded as high as GBX 122 ($1.57) and last traded at GBX 120.80 ($1.55), with a volume of 3160672 shares. The stock had previously closed at GBX 114.40 ($1.47).

Wall Street Analysts Forecast Growth

CARD has been the topic of several recent research reports. Berenberg Bank initiated coverage on Card Factory in a report on Wednesday, July 3rd. They issued a “buy” rating and a GBX 154 ($1.98) price target on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 185 ($2.38) price target on shares of Card Factory in a report on Monday, July 8th.

Card Factory Trading Up 5.6 %

The firm has a fifty day moving average of GBX 97.95 and a 200-day moving average of GBX 96.96. The company has a debt-to-equity ratio of 46.23, a quick ratio of 0.20 and a current ratio of 0.60. The firm has a market cap of £417.53 million, a P/E ratio of 817.14, a P/E/G ratio of 0.84 and a beta of 2.00.

Card Factory Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 30th were given a dividend of GBX 4.50 ($0.06) per share. This represents a dividend yield of 4.47%. The ex-dividend date was Thursday, May 30th. Card Factory’s dividend payout ratio (DPR) is presently 3,571.43%.

Insider Activity

In related news, insider Darcy Willson Rymer bought 92,371 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were acquired at an average cost of GBX 97 ($1.25) per share, for a total transaction of £89,599.87 ($115,255.81). In related news, insider Matthias Seeger bought 39,226 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were acquired at an average cost of GBX 96 ($1.23) per share, for a total transaction of £37,656.96 ($48,439.62). Also, insider Darcy Willson Rymer bought 92,371 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was bought at an average price of GBX 97 ($1.25) per share, for a total transaction of £89,599.87 ($115,255.81). 7.13% of the stock is owned by insiders.

About Card Factory

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.