Carter’s, Inc. (NYSE:CRI) Director David Pulver bought 1,000 shares of the company’s stock in a transaction dated Thursday, December 6th. The stock was purchased at an average cost of $86.10 per share, for a total transaction of $86,100.00. Following the completion of the acquisition, the director now owns 65,517 shares in the company, valued at approximately $5,641,013.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
CRI traded down $3.44 on Friday, reaching $82.98. The company had a trading volume of 874,140 shares, compared to its average volume of 751,834. Carter’s, Inc. has a fifty-two week low of $82.57 and a fifty-two week high of $129.00. The firm has a market cap of $3.96 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 1.75 and a beta of 0.56. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.49 and a current ratio of 3.67.
Carter’s (NYSE:CRI) last announced its quarterly earnings results on Thursday, October 25th. The textile maker reported $1.61 EPS 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 company had revenue of $923.91 million during the quarter, compared to analyst estimates of $940.87 million. As a group, equities analysts forecast that Carter’s, Inc. will post 6.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Tuesday, November 27th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, November 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.17%. Carter’s’s dividend payout ratio (DPR) is currently 31.25%.
A number of institutional investors and hedge funds have recently made changes to their positions in CRI. SRS Capital Advisors Inc. acquired a new position in Carter’s in the 3rd quarter valued at about $108,000. Fort L.P. acquired a new position in Carter’s in the 2nd quarter valued at about $119,000. First Hawaiian Bank acquired a new position in Carter’s in the 3rd quarter valued at about $122,000. FNY Investment Advisers LLC acquired a new position in Carter’s in the 3rd quarter valued at about $163,000. Finally, Point72 Hong Kong Ltd acquired a new position in Carter’s in the 2nd quarter valued at about $195,000.
A number of brokerages have recently issued reports on CRI. TheStreet cut shares of Carter’s from a “b” rating to a “c+” rating in a report on Thursday, October 25th. Wells Fargo & Co dropped their target price on shares of Carter’s from $126.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Zacks Investment Research cut shares of Carter’s from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine raised shares of Carter’s from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Finally, Citigroup upped their target price on shares of Carter’s from $107.00 to $113.00 and gave the company a “buy” rating in a report on Monday, December 3rd. One 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 stock has an average rating of “Hold” and a consensus target price of $111.20.
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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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