Richard F. Westenberger Sells 5,000 Shares of Carter's, Inc. (CRI) Stock

Carter's, Inc. (NYSE:CRI) CFO Richard F. Westenberger sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $105.02, for a total value of $525,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Carter's, Inc. (NYSE CRI) traded up $1.26 during midday trading on Thursday, reaching $111.26. The company had a trading volume of 508,924 shares, compared to its average volume of 715,078. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89. Carter's, Inc. has a 1-year low of $77.94 and a 1-year high of $111.62. The firm has a market capitalization of $5,184.74, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 2.14 and a beta of 0.37.

Carter's (NYSE:CRI) last issued its quarterly earnings results 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. The firm had revenue of $948.23 million during the quarter, compared to the consensus estimate of $950.64 million. Carter's had a return on equity of 33.38% and a net margin of 7.69%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $1.61 EPS. sell-side analysts anticipate that Carter's, Inc. will post 5.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 20th were given a dividend of $0.37 per share. The ex-dividend date was Friday, November 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.33%. Carter's’s dividend payout ratio (DPR) is presently 28.46%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new position in Carter's in the 2nd quarter valued at about $118,000. Advisory Services Network LLC bought a new position in shares of Carter's during the 2nd quarter worth approximately $125,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Carter's during the 2nd quarter worth approximately $128,000. Invictus RG bought a new position in shares of Carter's during the 3rd quarter worth approximately $146,000. Finally, PNC Financial Services Group Inc. lifted its position 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 buying an additional 35 shares in the last quarter. 98.70% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on CRI. Cowen set a $92.00 price target on Carter's and gave the company a “hold” rating in a research note on Monday, October 23rd. Macquarie began coverage on Carter's in a research note on Tuesday, August 29th. They issued an “outperform” rating and a $110.00 price target for the company. BidaskClub cut Carter's from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Oppenheimer set a $112.00 price target on Carter's and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Goldman Sachs Group started coverage on Carter's in a research note on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price target for the company. One equities research 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 presently has a consensus rating of “Buy” and an average target price of $105.27.

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About Carter's

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.

Insider Buying and Selling by Quarter for Carter's (NYSE:CRI)

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