Carter’s, Inc. (CRI) Reaches New 1-Year High at $96.57
Carter’s, Inc. (NYSE:CRI) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $96.57 and last traded at $0.00, with a volume of shares changing hands.
A number of research analysts recently commented on the stock. Bank of America Corporation assumed coverage on shares of Carter’s in a report on Friday, September 15th. They issued a “buy” rating and a $106.00 price target for the company. Goldman Sachs Group, Inc. (The) started coverage on shares of Carter’s in a report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price target for the company. Macquarie initiated coverage on shares of Carter’s in a research report on Tuesday, August 29th. They issued an “outperform” rating and a $110.00 price objective on the stock. BidaskClub lowered shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Cowen and Company set a $92.00 price objective on shares of Carter’s and gave the stock a “hold” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $101.92.
The company has a market cap of $4.62 billion, a price-to-earnings ratio of 18.94 and a beta of 0.30. The company has a 50-day moving average price of $88.57 and a 200 day moving average price of $88.18.
Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.79 EPS for the quarter, topping the consensus estimate of $0.70 by $0.09. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. The firm had revenue of $692.10 million for the quarter, compared to analyst estimates of $681.08 million. During the same period in the prior year, the business posted $0.72 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that Carter’s, Inc. will post $5.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, August 29th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, August 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. Carter’s’s dividend payout ratio is currently 29.08%.
In other news, Director Thomas E. Whiddon sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $90.35, for a total value of $1,581,125.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Paul Fulton sold 8,643 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $87.58, for a total transaction of $756,953.94. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in shares of Carter’s in the 2nd quarter worth approximately $118,000. Advisory Services Network LLC acquired a new position in shares of Carter’s in the 2nd quarter worth approximately $125,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Carter’s in the 2nd quarter worth approximately $128,000. PNC Financial Services Group Inc. lifted its holdings in shares of Carter’s by 2.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after acquiring an additional 35 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Carter’s by 7.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock worth $156,000 after acquiring an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 97.10% of the company’s stock.
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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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