What is Hobby Lobby’s stock price, and are they publicly traded? Unfortunately, investors cannot purchase shares of Hobby Lobby because it is a private company. However, Pinterest (NYSE: PINS), Etsy (NASDAQ: ETSY), and Cricut (NYSE: CRCT) are arts and crafts stock symbols that traders can invest in.
Few things are more American than holiday decorations and themed arts and crafts. How many of us have boxes of Halloween or Christmas decorations that get put out each year? I know I have my hand up. One of the best places to find these decorations? At your local Hobby Lobby, a classic American retail staple is found in nearly every major city nationwide.
When I look for industries or companies to write about, I love finding these niche businesses with a stranglehold over their market. You could go to a Walmart or Costco to get decorations, but you won’t find as much selection as you can at Hobby Lobby. This article will examine Hobby Lobby’s history, investing in Hobby Lobby stock, and whether investing in hobbies and decor is a good move for your portfolio.
Is Hobby Lobby Publicly Traded?
Unfortunately, if you want to invest in Hobby Lobby, you’re out of luck! Hobby Lobby remains a privately owned company with no plans to go public.
The Green family still privately owned it, with most members holding executive positions. Since the company started in 1972, David Green has shown no interest in taking Hobby Lobby public.
Green has also publicly spoken against the wealth he has made from owning the company. In 2022, Green publicly stated that he would give away most of the money he and his family had made.
He talked about wealth being a curse and that he would rather be a steward of what God had given him. Despite this, as of October 2024, David Green remains the CEO of Hobby Lobby. His estimated net worth is $14 billion.
Hobby Lobby Revenue and Financial Overview
| Year | Revenue ($bn) |
|---|---|
| 2025 | $9.2 |
| 2024 | $8.8 |
| 2023 | $8.5 |
| 2022 | $8.0 |
| 2021 | $7.9 |
Public Retail and Craft Companies to Consider
| Symbol | Name |
|---|---|
| ETSY | Etsy |
| PINS | |
| AMZN | Amazon |
| CRCT | Cricut |
| WMT | Walmart |
Sure, all the talk these days is about AI and advanced technology. However, the value of the arts and crafts industry was over $42 billion in 2023. There is anticipation for growth at a CAGR of more than 5.6% for the next decade. That’s a lot of people who still enjoy their arts and crafts!
It might not be the same as investing in high-flying tech stocks, but the arts and crafts industry can still provide meaningful returns. If you’re not convinced, check out my list of the best arts and crafts stocks.
Etsy (NASDAQ: ETSY)
Etsy surged in popularity during the pandemic as a do-it-yourself online marketplace that served to help small businesses and side hustles. While Etsy sells a wide range of products, it is well-known for its crafts like jewelry, home decor, and clothing.
The Etsy site design is an online craft fair. Etsy earns revenue from transaction fees, listing fees, and seller services. As of 2023, Etsy had more than 9 million sellers on its platform, generating more than $2.8 billion in annual revenue.
While the company has continued to grow, the stock hasn’t performed as well as other e-commerce platforms. Shares of ETSY have returned about 12.6% over the past five years, which is well behind the returns of the S&P 500.
Etsy has a relatively small market cap of just $5.9 billion and is a small-cap S&P 600 index component. The stock does not pay a dividend to its shareholders. However, it’s a good Hobby Lobby stock alternative.
Pinterest (NYSE: PINS)
Pinterest has always been a confusing platform for people to understand. It’s partially a social media site, not a marketplace, but a great place to search for ideas. Users can create pinboards and save ideas and designs to be used and revisited once saved to their boards.
Pinterest earns much of its revenue from advertising through paid promotional ads or pins. As of 2024, Pinterest had about 518 million active users. There have been discussions that Etsy or a different company could acquire them.
The stock has had a better history than Etsy’s and has returned about 52.4% over the past five years. Despite having a much smaller user base, Pinterest has a market cap of $21 billion.
It is a part of the Russell 1000, which tracks the highest-ranking 1,000 stocks in the US market. Keep this in your Hobby Lobby stock alternative list..
Amazon (NASDAQ: AMZN)
It’s hard to have any stock list without Amazon on it. The fifth-largest company in the world by market cap has a stronghold on so many industries, including cloud computing, retail, and, of course, the online marketplace. Amazon is the default place to order many products, including crafts and art supplies.
You can usually get your order within two business days with an Amazon Prime membership, but it will often come even sooner. As of October 2024, Amazon has over 200 million Prime subscribers worldwide.
While it might seem like AMZN hasn’t had the same parabolic returns as other big tech stocks, it has still returned a respectable 120% over the past five years.
Amazon was added to the Dow Jones Industrial Average in February 2024, which tracks the 30 most important companies in the American market. Unlike big tech rivals like Apple, Microsoft, Meta, and Alphabet, Amazon has not initiated a quarterly dividend for its shareholders.
Cricut (NASDAQ: CRCT)
With all these blue-chip stocks on this list, you might wonder what Cricut is. Cricut is an American company that manufactures and sells cutting plotters and other equipment for making crafts.
It is designed specifically for do-it-yourself crafters, making cutting materials like paper, felt, vinyl, fabric, leather, and wood much easier. Although the company only went public in 2021, Cricut has been making products in the arts and crafts industry since 1969.
As for the stock, Cricut hasn’t lived up to any of the excitement surrounding its IPO. Since going public, CRCT stock has lost more than 64% and is well off its all-time high price of above $40.00 per share in June 2021.
The company now has a market cap of about $1.4 billion, and needless to say, the stock has not performed well since the do-it-yourself frenzy during the pandemic.
Walmart (NYSE: WMT)
Of course, how could I not include Walmart on this list? These days, if you’re not buying something on Amazon, it’s likely that you’re buying it from Walmart.
The arts and crafts sections at Walmart stores are second to none, and sometimes, it’s just faster and easier to drive out to Walmart than to wait for it to arrive from Amazon.
As of October 2024, Walmart is the second-largest retail company in the world by market cap, but is the largest in annual revenue.
Over the past five years, Walmart’s stock has returned just as much as Amazon’s. Shares of WMT have provided a return of about 110% compared to 120% from Amazon.
Walmart is also a component of the Dow Jones, S&P 100, and S&P 500 indexes. WMT pays out a quarterly dividend to shareholders with an annualized dividend yield of 1.01%.
Final Thoughts on Hobby Lobby Stock
After researching Hobby Lobby stock and the arts and crafts industry, I’m still unsure whether this sector is a good investment. Even if you aren’t into arts and crafts, it’s undeniable how popular they are. There is a huge demand for seasonal crafts and an entire side hustle market. Does that translate to good stocks to own? We shall see.
The stocks on my list are all well-known companies, with the potential exception of Cricut. With names like Amazon and Walmart, investing in arts and crafts stocks might be simpler.
Even though there’s no Hobby Lobby stock, there are several arts and crafts companies that traders can invest in.
