Carter’s, Inc. (NYSE:CRI – Get Rating) has been assigned an average rating of “Hold” from the ten analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $86.00.
Several equities analysts have issued reports on the stock. Monness Crespi & Hardt dropped their price objective on shares of Carter’s to $84.00 in a research note on Tuesday, November 1st. StockNews.com assumed coverage on shares of Carter’s in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.
Insiders Place Their Bets
In other Carter’s news, CEO Michael Dennis Casey sold 41,798 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $75.00, for a total transaction of $3,134,850.00. Following the sale, the chief executive officer now directly owns 414,856 shares in the company, valued at approximately $31,114,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Michael Dennis Casey sold 41,798 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $75.00, for a total value of $3,134,850.00. Following the sale, the chief executive officer now directly owns 414,856 shares in the company, valued at approximately $31,114,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Julie D’emilio sold 5,000 shares of the business’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $72.77, for a total transaction of $363,850.00. Following the completion of the sale, the executive vice president now owns 33,761 shares in the company, valued at $2,456,787.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,465 shares of company stock worth $6,699,843. Corporate insiders own 3.60% of the company’s stock.
Institutional Investors Weigh In On Carter’s
Institutional investors and hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC purchased a new stake in shares of Carter’s in the 2nd quarter worth about $26,000. Ronald Blue Trust Inc. boosted its position in shares of Carter’s by 331.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 406 shares of the textile maker’s stock worth $29,000 after buying an additional 312 shares in the last quarter. ACG Wealth purchased a new stake in shares of Carter’s in the 2nd quarter worth about $33,000. Parkside Financial Bank & Trust raised its stake in Carter’s by 159.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 415 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 255 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in Carter’s by 20.3% in the 2nd quarter. Fifth Third Bancorp now owns 805 shares of the textile maker’s stock valued at $57,000 after purchasing an additional 136 shares during the last quarter. 99.13% of the stock is currently owned by hedge funds and other institutional investors.
Carter’s Stock Performance
Shares of Carter’s stock opened at $73.36 on Friday. The firm’s fifty day simple moving average is $71.39 and its 200-day simple moving average is $73.80. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 11.17 and a beta of 1.25. Carter’s has a 12 month low of $62.65 and a 12 month high of $105.25. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.40 and a quick ratio of 0.81.
Carter’s (NYSE:CRI – Get Rating) last announced its earnings results on Friday, October 28th. The textile maker reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.02. The business had revenue of $818.60 million for the quarter, compared to analysts’ expectations of $853.63 million. Carter’s had a net margin of 7.94% and a return on equity of 44.06%. The company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.93 EPS. As a group, equities analysts forecast that Carter’s will post 6.37 earnings per share for the current year.
Carter’s Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 29th were given a dividend of $0.75 per share. The ex-dividend date was Monday, November 28th. This represents a $3.00 annualized dividend and a dividend yield of 4.09%. Carter’s’s payout ratio is currently 45.66%.
About Carter’s
Carter’s, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter’s, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter’s My First Love, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S.