Carter’s, Inc. (NYSE:CRI) Chairman Michael Dennis Casey sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $97.76, for a total transaction of $2,444,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of NYSE:CRI opened at $97.83 on Friday. The company has a market cap of $4.55 billion, a PE ratio of 16.98, a P/E/G ratio of 2.01 and a beta of 0.50. The company has a quick ratio of 1.49, a current ratio of 3.67 and a debt-to-equity ratio of 0.98. Carter’s, Inc. has a twelve month low of $88.98 and a twelve month high of $129.00.
Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, October 25th. The textile maker reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.12). The company had revenue of $923.91 million for the quarter, compared to analysts’ expectations of $940.87 million. Carter’s had a return on equity of 33.05% and a net margin of 8.44%. On average, equities research analysts forecast that Carter’s, Inc. will post 6.04 EPS for the current year.
Several large investors have recently modified their holdings of CRI. Fort L.P. purchased a new stake in Carter’s in the 2nd quarter valued at $119,000. First Hawaiian Bank purchased a new stake in Carter’s in the 3rd quarter valued at $122,000. FNY Investment Advisers LLC purchased a new stake in Carter’s in the 3rd quarter valued at $163,000. Point72 Hong Kong Ltd purchased a new stake in Carter’s in the 2nd quarter valued at $195,000. Finally, HL Financial Services LLC purchased a new stake in Carter’s in the 2nd quarter valued at $240,000. Institutional investors and hedge funds own 95.57% of the company’s stock.
Several research analysts have commented on the stock. ValuEngine cut shares of Carter’s from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. TheStreet cut shares of Carter’s from a “b” rating to a “c+” rating in a report on Thursday, October 25th. Wells Fargo & Co reduced their price objective on shares of Carter’s from $126.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, October 22nd. Zacks Investment Research downgraded shares of Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Finally, Macquarie set a $100.00 price objective on shares of Carter’s and gave the stock a “buy” rating in a research report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Carter’s has an average rating of “Hold” and a consensus price target of $113.30.
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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