Carter’s, Inc. (NYSE:CRI) CEO Michael Dennis Casey Sells 41,798 Shares

Carter’s, Inc. (NYSE:CRIGet Rating) CEO Michael Dennis Casey sold 41,798 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $75.00, for a total transaction of $3,134,850.00. Following the completion of the transaction, the chief executive officer now owns 414,856 shares in the company, valued at $31,114,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Carter’s Stock Performance

CRI stock opened at $73.56 on Tuesday. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 11.20 and a beta of 1.25. The firm has a 50-day simple moving average of $70.57 and a two-hundred day simple moving average of $74.81. Carter’s, Inc. has a one year low of $62.65 and a one year high of $107.96. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.81 and a current ratio of 2.40.

Carter’s (NYSE:CRIGet Rating) last released its quarterly earnings results on Friday, October 28th. The textile maker reported $1.67 EPS for the quarter, beating the consensus estimate of $1.65 by $0.02. The business had revenue of $818.60 million during the quarter, compared to analyst estimates of $853.63 million. Carter’s had a net margin of 7.94% and a return on equity of 44.06%. The company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.93 earnings per share. On average, equities analysts forecast that Carter’s, Inc. will post 6.39 EPS for the current fiscal year.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Tuesday, November 29th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Monday, November 28th. Carter’s’s payout ratio is currently 45.66%.

Hedge Funds Weigh In On Carter’s

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its position in shares of Carter’s by 20.3% in the 2nd quarter. Fifth Third Bancorp now owns 805 shares of the textile maker’s stock valued at $57,000 after purchasing an additional 136 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Carter’s by 15.9% in the 1st quarter. Van ECK Associates Corp now owns 1,080 shares of the textile maker’s stock valued at $99,000 after purchasing an additional 148 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of Carter’s by 7.6% in the 1st quarter. Guggenheim Capital LLC now owns 2,349 shares of the textile maker’s stock valued at $216,000 after purchasing an additional 166 shares during the last quarter. Brinker Capital Investments LLC raised its position in shares of Carter’s by 1.3% in the 1st quarter. Brinker Capital Investments LLC now owns 12,517 shares of the textile maker’s stock valued at $1,151,000 after purchasing an additional 166 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its position in shares of Carter’s by 4.2% in the 2nd quarter. First Republic Investment Management Inc. now owns 4,358 shares of the textile maker’s stock valued at $307,000 after purchasing an additional 175 shares during the last quarter. 99.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Evercore ISI dropped their target price on shares of Carter’s to $80.00 in a report on Tuesday, August 9th. Monness Crespi & Hardt dropped their target price on shares of Carter’s to $84.00 in a report on Tuesday, November 1st. StockNews.com assumed coverage on shares of Carter’s in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, B. Riley dropped their target price on shares of Carter’s to $99.00 in a report on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $86.00.

About Carter’s

(Get Rating)

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter's My First Love, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S.

Further Reading

Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.