News stories about Carter's (NYSE:CRI) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Carter's earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the textile maker an impact score of 46.480248856746 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Carter's (NYSE:CRI) traded down $0.68 during trading hours on Friday, reaching $120.31. 545,241 shares of the company traded hands, compared to its average volume of 554,595. The firm has a market capitalization of $5,690.00, a PE ratio of 23.18, a price-to-earnings-growth ratio of 1.82 and a beta of 0.32. Carter's has a 52-week low of $77.94 and a 52-week high of $129.00. The company has a current ratio of 3.20, a quick ratio of 1.34 and a debt-to-equity ratio of 0.89.
A number of equities research analysts recently issued reports on the stock. B. Riley reissued a “buy” rating on shares of Carter's in a report on Wednesday, November 1st. ValuEngine raised shares of Carter's from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research lowered shares of Carter's from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $123.00 target price (up previously from $105.00) on shares of Carter's in a research note on Thursday, January 11th. Finally, Oppenheimer increased their target price on shares of Carter's from $112.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $112.69.
In other Carter's news, Chairman Michael Dennis Casey sold 26,524 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $99.14, for a total transaction of $2,629,589.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Richard F. Westenberger sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $105.02, for a total transaction of $525,100.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,507 shares of company stock worth $13,569,276. 3.10% of the stock is owned by corporate insiders.
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Carter's Company Profile
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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