Carter’s, Inc. (NYSE:CRI) has received a consensus rating of “Buy” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $109.25.
CRI has been the subject of a number of recent research reports. Monness Crespi & Hardt decreased their target price on Carter’s from $120.00 to $115.00 and set a “buy” rating for the company in a report on Friday, October 25th. UBS Group set a $100.00 target price on Carter’s and gave the company a “hold” rating in a report on Friday, October 25th. Cfra upgraded Carter’s from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. DA Davidson upgraded Carter’s from a “neutral” rating to a “buy” rating and lifted their target price for the company from $91.00 to $110.00 in a report on Wednesday, October 2nd. Finally, ValuEngine upgraded Carter’s from a “sell” rating to a “hold” rating in a report on Monday, November 25th.
In other Carter’s news, Director Amy Woods Brinkley sold 1,588 shares of Carter’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $105.10, for a total transaction of $166,898.80. Following the completion of the sale, the director now directly owns 14,880 shares of the company’s stock, valued at approximately $1,563,888. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Dennis Casey sold 20,000 shares of Carter’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $101.93, for a total value of $2,038,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 92,498 shares of company stock valued at $9,564,887 over the last ninety days. 3.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Carter’s by 145.0% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,023,140 shares of the textile maker’s stock worth $294,877,000 after purchasing an additional 1,788,956 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Carter’s by 24.2% during the second quarter. Victory Capital Management Inc. now owns 3,179,318 shares of the textile maker’s stock worth $310,110,000 after purchasing an additional 620,375 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Carter’s by 27.7% during the second quarter. Mackenzie Financial Corp now owns 1,907,243 shares of the textile maker’s stock worth $186,032,000 after purchasing an additional 414,132 shares in the last quarter. Phoenix Holdings Ltd. acquired a new stake in shares of Carter’s during the third quarter worth about $17,015,000. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Carter’s during the second quarter worth about $15,629,000.
Shares of CRI traded down $2.69 during midday trading on Wednesday, hitting $100.62. 380,577 shares of the stock were exchanged, compared to its average volume of 704,386. Carter’s has a 52-week low of $75.66 and a 52-week high of $111.12. The stock has a fifty day simple moving average of $100.88 and a 200 day simple moving average of $93.82. The firm has a market cap of $4.56 billion, a P/E ratio of 16.00, a P/E/G ratio of 2.04 and a beta of 0.90. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 2.53.
Carter’s (NYSE:CRI) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.87 EPS for the quarter, topping the consensus estimate of $1.70 by $0.17. The business had revenue of $943.32 million during the quarter, compared to analyst estimates of $936.09 million. Carter’s had a return on equity of 35.47% and a net margin of 7.68%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $1.61 earnings per share. As a group, equities research analysts forecast that Carter’s will post 6.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.99%. This is an increase from Carter’s’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, December 2nd. Carter’s’s payout ratio is 31.80%.
Carter’s Company Profile
Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.
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