Cricut, Inc. (NASDAQ:CRCT – Get Free Report) declared a Semi-Annual dividend on Monday, May 6th, Zacks reports. Stockholders of record on Tuesday, July 2nd will be given a dividend of 0.50 per share on Friday, July 19th. This represents a dividend yield of 1.3%. The ex-dividend date is Tuesday, July 2nd.
Cricut has a dividend payout ratio of 71.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cricut to earn $0.35 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 57.1%.
Cricut Trading Up 1.5 %
Cricut stock opened at $5.99 on Monday. The business’s 50 day simple moving average is $6.32 and its 200 day simple moving average is $5.78. Cricut has a 12 month low of $4.43 and a 12 month high of $14.26. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 20.66 and a beta of 0.10.
Insider Activity at Cricut
In other Cricut news, EVP Donald B. Olsen sold 25,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $7.05, for a total transaction of $176,250.00. Following the completion of the sale, the executive vice president now directly owns 573,918 shares in the company, valued at approximately $4,046,121.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Cricut news, EVP Donald B. Olsen sold 25,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $7.05, for a total transaction of $176,250.00. Following the completion of the sale, the executive vice president now directly owns 573,918 shares in the company, valued at approximately $4,046,121.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Donald B. Olsen sold 11,045 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $7.48, for a total value of $82,616.60. Following the sale, the executive vice president now owns 562,873 shares of the company’s stock, valued at approximately $4,210,290.04. The disclosure for this sale can be found here. Insiders sold a total of 298,847 shares of company stock valued at $2,130,703 in the last 90 days. Corporate insiders own 18.02% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on CRCT shares. Citigroup lowered their price target on shares of Cricut from $8.50 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Barclays cut their price target on Cricut from $6.00 to $4.00 and set an “underweight” rating for the company in a report on Thursday, March 7th. Finally, The Goldman Sachs Group cut their target price on Cricut from $7.00 to $5.75 and set a “neutral” rating for the company in a research note on Wednesday, March 6th.
Get Our Latest Report on Cricut
About Cricut
Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.
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