Carter’s, Inc. (NYSE:CRI) SVP Jill Wilson sold 2,843 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $108.38, for a total transaction of $308,124.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of CRI traded down $2.00 during mid-day trading on Thursday, reaching $85.28. 589,300 shares of the stock traded hands, compared to its average volume of 747,275. The firm has a market capitalization of $3.98 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.72 and a beta of 0.62. Carter’s, Inc. has a 12-month low of $75.66 and a 12-month high of $118.22. The company has a quick ratio of 1.25, a current ratio of 2.68 and a debt-to-equity ratio of 0.74.
Carter’s (NYSE:CRI) last posted its quarterly earnings data on Tuesday, April 30th. The textile maker reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The company had revenue of $741.06 million for the quarter, compared to analyst estimates of $724.08 million. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. Equities analysts expect that Carter’s, Inc. will post 6.64 earnings per share for the current fiscal year.
Several research firms recently commented on CRI. Zacks Investment Research lowered shares of Carter’s from a “hold” rating to a “sell” rating in a report on Thursday, February 7th. ValuEngine upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a report on Monday, February 25th. TheStreet upgraded shares of Carter’s from a “c+” rating to a “b-” rating in a report on Wednesday, March 13th. Citigroup restated a “buy” rating and issued a $120.00 price target on shares of Carter’s in a report on Monday, March 18th. Finally, Deutsche Bank began coverage on shares of Carter’s in a report on Tuesday, April 16th. They issued a “hold” rating and a $99.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Carter’s presently has a consensus rating of “Hold” and an average target price of $106.92.
Institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in shares of Carter’s by 3.4% in the first quarter. Wellington Management Group LLP now owns 4,921,377 shares of the textile maker’s stock worth $496,026,000 after buying an additional 159,676 shares during the last quarter. BlackRock Inc. increased its stake in shares of Carter’s by 1.6% in the first quarter. BlackRock Inc. now owns 4,137,856 shares of the textile maker’s stock worth $417,055,000 after buying an additional 64,582 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Carter’s by 0.9% in the third quarter. Vanguard Group Inc now owns 3,875,314 shares of the textile maker’s stock worth $382,106,000 after buying an additional 35,282 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Carter’s by 0.9% in the third quarter. Vanguard Group Inc. now owns 3,875,314 shares of the textile maker’s stock worth $382,106,000 after buying an additional 35,282 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Carter’s by 0.6% in the first quarter. Victory Capital Management Inc. now owns 2,558,943 shares of the textile maker’s stock worth $257,915,000 after buying an additional 14,146 shares during the last quarter. Institutional investors own 95.82% 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, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.
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