Insider Selling: Carter's, Inc. (CRI) EVP Sells 3,000 Shares of Stock
Carter's, Inc. (NYSE:CRI) EVP Julie D’emilio sold 3,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $108.25, for a total value of $324,750.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Carter's, Inc. (NYSE CRI) traded up $0.69 during midday trading on Tuesday, reaching $109.56. The company had a trading volume of 550,725 shares, compared to its average volume of 717,510. Carter's, Inc. has a 52 week low of $77.94 and a 52 week high of $111.51. The company has a market cap of $5,113.76, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 2.11 and a beta of 0.37. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.20 and a quick ratio of 1.34.
Carter's (NYSE:CRI) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. Carter's had a return on equity of 33.38% and a net margin of 7.69%. The company had revenue of $948.23 million during the quarter, compared to the consensus estimate of $950.64 million. During the same period last year, the company earned $1.61 EPS. Carter's’s revenue for the quarter was up 5.2% on a year-over-year basis. equities research analysts anticipate that Carter's, Inc. will post 5.63 EPS for the current year.
Several brokerages have recently weighed in on CRI. B. Riley restated a “buy” rating on shares of Carter's in a report on Wednesday, November 1st. BidaskClub downgraded Carter's from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Zacks Investment Research upgraded Carter's from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a report on Tuesday, September 26th. FBR & Co restated a “buy” rating and set a $111.00 price target on shares of Carter's in a report on Thursday, October 26th. Finally, Citigroup raised their price target on Carter's from $108.00 to $112.00 and gave the company a “buy” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $105.27.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Visionary Asset Management Inc. bought a new stake in Carter's in the 3rd quarter worth about $242,000. Public Employees Retirement System of Ohio boosted its position in Carter's by 4.7% in the third quarter. Public Employees Retirement System of Ohio now owns 224,994 shares of the textile maker’s stock worth $22,218,000 after purchasing an additional 10,161 shares during the last quarter. Hahn Capital Management LLC boosted its position in Carter's by 1.0% in the third quarter. Hahn Capital Management LLC now owns 307,170 shares of the textile maker’s stock worth $30,333,000 after purchasing an additional 2,903 shares during the last quarter. Dean Investment Associates LLC boosted its position in Carter's by 23.4% in the third quarter. Dean Investment Associates LLC now owns 7,096 shares of the textile maker’s stock worth $701,000 after purchasing an additional 1,346 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its position in Carter's by 51.8% in the third quarter. DF Dent & Co. Inc. now owns 4,602 shares of the textile maker’s stock worth $454,000 after purchasing an additional 1,570 shares during the last quarter. Institutional investors own 98.70% 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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