Carter’s (CRI) Receiving Somewhat Favorable News Coverage, Report Shows
Media stories about Carter’s (NYSE:CRI) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Carter’s earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the textile maker an impact score of 47.1118045428041 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Carter’s (NYSE:CRI) opened at $99.19 on Wednesday. The stock has a market cap of $4,712.93, a P/E ratio of 18.97, a P/E/G ratio of 1.94 and a beta of 0.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 3.20. Carter’s has a 1-year low of $77.94 and a 1-year high of $100.24.
Carter’s (NYSE:CRI) last announced its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.05. Carter’s had a net margin of 7.69% and a return on equity of 33.38%. The firm had revenue of $948.23 million for the quarter, compared to analyst estimates of $950.64 million. During the same quarter in the previous year, the firm posted $1.61 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. equities analysts forecast that Carter’s will post 5.64 EPS for the current year.
CRI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Carter’s from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Tuesday, September 26th. Bank of America Corporation started coverage on shares of Carter’s in a research note on Friday, September 15th. They set a “buy” rating and a $106.00 price target on the stock. Goldman Sachs Group, Inc. (The) started coverage on shares of Carter’s in a report on Tuesday, September 5th. They set a “buy” rating and a $105.00 price objective for the company. Citigroup Inc. raised their price objective on shares of Carter’s from $108.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Oppenheimer Holdings, Inc. set a $112.00 price objective on shares of Carter’s and gave the stock a “buy” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $104.09.
In other Carter’s news, Director Paul Fulton sold 8,643 shares of Carter’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $87.58, for a total value of $756,953.94. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Michael Dennis Casey sold 26,524 shares of Carter’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $99.14, for a total transaction of $2,629,589.36. The disclosure for this sale can be found here. Insiders own 3.10% 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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