Carter’s, Inc. (NYSE:CRI) Chairman Michael Dennis Casey sold 26,524 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $99.14, for a total transaction of $2,629,589.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Carter’s, Inc. (CRI) opened at $100.82 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 3.20. Carter’s, Inc. has a 12 month low of $77.94 and a 12 month high of $102.13. The firm has a market cap of $4,697.79, a P/E ratio of 18.91, a PEG ratio of 1.94 and a beta of 0.33.
Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.05. Carter’s had a net margin of 7.69% and a return on equity of 33.38%. The business had revenue of $948.23 million during the quarter, compared to analysts’ expectations of $950.64 million. During the same period last year, the company posted $1.61 EPS. The company’s revenue was up 5.2% on a year-over-year basis. research analysts predict that Carter’s, Inc. will post 5.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, November 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.47%. Carter’s’s dividend payout ratio (DPR) is 28.46%.
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Institutional investors and hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of Carter’s during the 2nd quarter worth approximately $118,000. Advisory Services Network LLC purchased a new position in shares of Carter’s during the 2nd quarter worth approximately $125,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Carter’s during the 2nd quarter worth approximately $128,000. PNC Financial Services Group Inc. increased its stake in shares of Carter’s by 2.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after purchasing an additional 35 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Carter’s by 7.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock worth $156,000 after purchasing an additional 124 shares in the last quarter. 98.40% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the stock. B. Riley restated a “buy” rating on shares of Carter’s in a research report on Wednesday, November 1st. BidaskClub downgraded shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Carter’s from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Tuesday, September 26th. Bank of America Corporation started coverage on shares of Carter’s in a report on Friday, September 15th. They issued a “buy” rating and a $106.00 target price for the company. Finally, FBR & Co reaffirmed a “buy” rating and issued a $111.00 target price on shares of Carter’s in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $104.09.
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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