Carter's, Inc. (NYSE:CRI) CFO Richard F. Westenberger sold 3,150 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $93.13, for a total transaction of $293,359.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Carter's, Inc. (NYSE:CRI) traded down 0.65% during mid-day trading on Friday, hitting $82.75. 936,347 shares of the stock traded hands. The company has a 50 day moving average of $89.94 and a 200-day moving average of $88.43. Carter's, Inc. has a 12-month low of $77.94 and a 12-month high of $112.58. The stock has a market cap of $4.00 billion, a PE ratio of 16.52 and a beta of 0.35.
Carter's (NYSE:CRI) last announced its earnings results on Thursday, April 27th. The textile maker reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.13. The business had revenue of $732.80 million for the quarter, compared to analyst estimates of $713.98 million. Carter's had a net margin of 7.78% and a return on equity of 30.07%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. Equities research analysts forecast that Carter's, Inc. will post $5.62 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Tuesday, May 30th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, May 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. Carter's’s dividend payout ratio (DPR) is presently 27.85%.
CRI has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Carter's from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. FBR & Co set a $111.00 target price on shares of Carter's and gave the stock a “buy” rating in a research report on Saturday, February 25th. Piper Jaffray Companies raised shares of Carter's from a “neutral” rating to an “overweight” rating and set a $100.00 target price on the stock in a research report on Tuesday, February 14th. They noted that the move was a valuation call. Stifel Nicolaus boosted their target price on shares of Carter's from $80.00 to $84.00 and gave the stock a “hold” rating in a research report on Thursday, April 27th. Finally, Morgan Stanley initiated coverage on shares of Carter's in a research report on Wednesday, January 25th. They set an “overweight” rating and a $103.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $102.55.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Carter's by 10,013.9% in the first quarter. BlackRock Inc. now owns 4,038,573 shares of the textile maker’s stock worth $362,664,000 after buying an additional 3,998,642 shares during the period. Vanguard Group Inc. raised its position in shares of Carter's by 2.8% in the first quarter. Vanguard Group Inc. now owns 3,653,088 shares of the textile maker’s stock worth $328,048,000 after buying an additional 99,586 shares during the period. Janus Capital Management LLC raised its position in shares of Carter's by 3.3% in the fourth quarter. Janus Capital Management LLC now owns 3,024,088 shares of the textile maker’s stock worth $261,251,000 after buying an additional 95,606 shares during the period. Valinor Management L.P. raised its position in shares of Carter's by 1.1% in the first quarter. Valinor Management L.P. now owns 1,414,121 shares of the textile maker’s stock worth $126,988,000 after buying an additional 15,200 shares during the period. Finally, Darsana Capital Partners LP raised its position in shares of Carter's by 16.7% in the fourth quarter. Darsana Capital Partners LP now owns 1,400,000 shares of the textile maker’s stock worth $120,946,000 after buying an additional 200,000 shares during the period. Institutional investors and hedge funds own 94.14% of the company’s stock.
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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