Insider Selling: Carter’s, Inc. (CRI) SVP Sells 2,835 Shares of Stock

Carter’s, Inc. (NYSE:CRI) SVP Jill Wilson sold 2,835 shares of the stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $96.27, for a total transaction of $272,925.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE CRI traded up $1.65 on Wednesday, reaching $96.82. The company’s stock had a trading volume of 643,500 shares, compared to its average volume of 883,913. Carter’s, Inc. has a twelve month low of $88.98 and a twelve month high of $129.00. The company has a current ratio of 3.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.96 and a beta of 0.57.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Thursday, October 25th. The textile maker reported $1.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.12). Carter’s had a net margin of 8.44% and a return on equity of 33.05%. The business had revenue of $923.91 million during the quarter, compared to analyst estimates of $940.87 million. As a group, research analysts predict that Carter’s, Inc. will post 6.04 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vident Investment Advisory LLC lifted its stake in Carter’s by 20.9% during the second quarter. Vident Investment Advisory LLC now owns 12,578 shares of the textile maker’s stock valued at $1,363,000 after buying an additional 2,177 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Carter’s by 22.6% during the second quarter. Great West Life Assurance Co. Can now owns 34,727 shares of the textile maker’s stock valued at $3,766,000 after buying an additional 6,404 shares in the last quarter. LSV Asset Management lifted its stake in Carter’s by 73.8% during the second quarter. LSV Asset Management now owns 90,722 shares of the textile maker’s stock valued at $9,833,000 after buying an additional 38,522 shares in the last quarter. Strs Ohio purchased a new stake in Carter’s during the second quarter valued at about $362,000. Finally, State Board of Administration of Florida Retirement System lifted its stake in Carter’s by 1.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 57,906 shares of the textile maker’s stock valued at $6,276,000 after buying an additional 830 shares in the last quarter. 94.81% of the stock is owned by institutional investors.

CRI has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Macquarie set a $100.00 target price on shares of Carter’s and gave the company a “buy” rating in a research report on Friday, October 26th. TheStreet lowered shares of Carter’s from a “b” rating to a “c+” rating in a research report on Thursday, October 25th. Monness Crespi & Hardt cut their price target on shares of Carter’s from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, October 26th. Finally, Cowen set a $95.00 price target on shares of Carter’s and gave the company a “hold” rating in a report on Thursday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $113.30.

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Carter’s Company Profile

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

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