Carter’s, Inc. (CRI) Director Paul Fulton Sells 10,412 Shares of Stock
Carter’s, Inc. (NYSE:CRI) Director Paul Fulton sold 10,412 shares of Carter’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $100.70, for a total value of $1,048,488.40. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Paul Fulton also recently made the following trade(s):
- On Friday, September 1st, Paul Fulton sold 8,643 shares of Carter’s stock. The stock was sold at an average price of $87.58, for a total transaction of $756,953.94.
Shares of Carter’s, Inc. (NYSE:CRI) opened at $101.90 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89. The company has a market cap of $4,789.59, a P/E ratio of 19.28, a P/E/G ratio of 1.98 and a beta of 0.33. Carter’s, Inc. has a 1-year low of $77.94 and a 1-year high of $102.87.
Carter’s (NYSE:CRI) last posted its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. The company had revenue of $948.23 million for the quarter, compared to analysts’ expectations of $950.64 million. Carter’s had a net margin of 7.69% and a return on equity of 33.38%. Carter’s’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. analysts expect that Carter’s, Inc. will post 5.64 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be issued a $0.37 dividend. The ex-dividend date is Friday, November 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. Carter’s’s dividend payout ratio (DPR) is presently 28.46%.
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Several large investors have recently bought and sold shares of CRI. Meeder Asset Management Inc. bought a new stake in Carter’s during the 2nd quarter valued at $118,000. Advisory Services Network LLC bought a new stake in Carter’s during the 2nd quarter valued at $125,000. Mountain Capital Investment Advisors Inc bought a new stake in Carter’s during the 2nd quarter valued at $128,000. Invictus RG bought a new stake in Carter’s during the 3rd quarter valued at $146,000. Finally, PNC Financial Services Group Inc. raised its holdings in Carter’s by 2.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock valued at $151,000 after acquiring an additional 35 shares during the period. 96.17% of the stock is currently owned by institutional investors.
CRI has been the topic of several recent analyst reports. Oppenheimer Holdings, Inc. set a $112.00 target price on shares of Carter’s and gave the stock a “buy” rating in a research report on Thursday, October 26th. B. Riley reissued a “buy” rating on shares of Carter’s in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. FBR & Co reissued a “buy” rating and set a $111.00 target price on shares of Carter’s in a research report on Thursday, October 26th. Finally, BidaskClub cut shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $104.09.
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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