Carter's, Inc. (NYSE:CRI) EVP Julie D’emilio sold 3,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $108.25, for a total value of $324,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Carter's, Inc. (NYSE CRI) traded up $0.69 during mid-day trading on Wednesday, reaching $109.56. The company had a trading volume of 550,700 shares, compared to its average volume of 717,510. Carter's, Inc. has a 1 year low of $77.94 and a 1 year high of $111.51. The company has a current ratio of 3.20, a quick ratio of 1.34 and a debt-to-equity ratio of 0.89. The stock has a market cap of $5,152.09, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 2.13 and a beta of 0.37.
Carter's (NYSE:CRI) last announced its earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.05. Carter's had a return on equity of 33.38% and a net margin of 7.69%. The firm had revenue of $948.23 million for the quarter, compared to the consensus estimate of $950.64 million. During the same period in the previous year, the business earned $1.61 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. sell-side analysts predict that Carter's, Inc. will post 5.63 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 20th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, November 17th. This represents a $1.48 annualized dividend and a yield of 1.35%. Carter's’s dividend payout ratio (DPR) is 28.46%.
A number of hedge funds have recently made changes to their positions in CRI. Visionary Asset Management Inc. acquired a new stake in Carter's during the 3rd quarter worth about $242,000. Public Employees Retirement System of Ohio lifted its position in Carter's by 4.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 224,994 shares of the textile maker’s stock worth $22,218,000 after acquiring an additional 10,161 shares during the period. Hahn Capital Management LLC lifted its position in Carter's by 1.0% during the 3rd quarter. Hahn Capital Management LLC now owns 307,170 shares of the textile maker’s stock worth $30,333,000 after acquiring an additional 2,903 shares during the period. Dean Investment Associates LLC lifted its position in Carter's by 23.4% during the 3rd quarter. Dean Investment Associates LLC now owns 7,096 shares of the textile maker’s stock worth $701,000 after acquiring an additional 1,346 shares during the period. Finally, DF Dent & Co. Inc. lifted its position in Carter's by 51.8% during the 3rd quarter. DF Dent & Co. Inc. now owns 4,602 shares of the textile maker’s stock worth $454,000 after acquiring an additional 1,570 shares during the period. Hedge funds and other institutional investors own 98.70% of the company’s stock.
Several research analysts have commented on CRI shares. BidaskClub downgraded Carter's from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Macquarie initiated coverage on Carter's in a report on Tuesday, August 29th. They issued an “outperform” rating and a $110.00 price target on the stock. Goldman Sachs Group initiated coverage on Carter's in a report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price target on the stock. Bank of America initiated coverage on Carter's in a report on Friday, September 15th. They issued a “buy” rating and a $106.00 price target on the stock. Finally, Zacks Investment Research upgraded Carter's from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $105.27.
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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