Headlines about Carter’s (NYSE:CRI) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Carter’s earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the textile maker an impact score of 46.7376120317855 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Carter’s stock traded down $0.99 during midday trading on Friday, reaching $104.01. The company had a trading volume of 1,323,328 shares, compared to its average volume of 897,190. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.10 and a quick ratio of 1.43. The firm has a market cap of $4,897.94, a P/E ratio of 18.06, a P/E/G ratio of 1.60 and a beta of 0.44. Carter’s has a 1-year low of $79.76 and a 1-year high of $129.00.
Carter’s (NYSE:CRI) last announced its quarterly earnings results on Tuesday, February 27th. The textile maker reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.12. Carter’s had a net margin of 8.90% and a return on equity of 35.46%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the business earned $1.79 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. sell-side analysts expect that Carter’s will post 6.71 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Monday, March 12th were issued a $0.45 dividend. This is a positive change from Carter’s’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Friday, March 9th. This represents a $1.80 annualized dividend and a dividend yield of 1.73%. Carter’s’s payout ratio is 31.25%.
Carter’s announced that its board has approved a stock repurchase plan on Tuesday, February 27th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the textile maker to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Several equities analysts have commented on CRI shares. Zacks Investment Research raised Carter’s from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Tuesday, December 26th. Wells Fargo raised Carter’s from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 25th. Citigroup increased their target price on shares of Carter’s from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. ValuEngine upgraded shares of Carter’s from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Oppenheimer increased their target price on shares of Carter’s from $112.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, December 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $121.00.
In other Carter’s news, insider Brian Lynch sold 26,500 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $116.12, for a total transaction of $3,077,180.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.10% of the company’s stock.
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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, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.
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