Carter's Sees Unusually Large Options Volume (CRI)
Carter's, Inc. (NYSE:CRI) saw unusually large options trading on Monday. Stock investors purchased 2,239 put options on the company. This represents an increase of approximately 1,571% compared to the average volume of 134 put options.
In related news, Director Paul Fulton sold 8,643 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $87.58, for a total value of $756,953.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Richard F. Westenberger sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $105.02, for a total value of $525,100.00. The disclosure for this sale can be found here. Insiders sold 103,627 shares of company stock worth $10,459,353 in the last quarter. 3.10% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Carter's by 1.8% in the second quarter. BlackRock Inc. now owns 4,110,338 shares of the textile maker’s stock worth $365,614,000 after buying an additional 71,765 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Carter's by 0.3% in the third quarter. Janus Henderson Group PLC now owns 3,411,220 shares of the textile maker’s stock worth $336,858,000 after buying an additional 11,350 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Carter's by 1,428.4% in the second quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock worth $203,638,000 after buying an additional 2,139,567 shares during the period. State Street Corp increased its holdings in shares of Carter's by 1.7% in the second quarter. State Street Corp now owns 1,321,596 shares of the textile maker’s stock worth $117,556,000 after buying an additional 22,158 shares during the period. Finally, Harris Associates L P increased its holdings in shares of Carter's by 3.2% in the second quarter. Harris Associates L P now owns 968,440 shares of the textile maker’s stock worth $86,143,000 after buying an additional 29,845 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.
Shares of Carter's (CRI) opened at $106.90 on Friday. Carter's has a 12-month low of $77.94 and a 12-month high of $107.65. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 3.20. The firm has a market capitalization of $5,040.00, a PE ratio of 20.29, a price-to-earnings-growth ratio of 2.08 and a beta of 0.33.
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 Thomson Reuters’ consensus estimate of $1.65 by $0.05. The firm had revenue of $948.23 million for the quarter, compared to the consensus estimate of $950.64 million. Carter's had a return on equity of 43.14% and a net margin of 8.70%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.61 earnings per share. equities research analysts forecast that Carter's will post 5.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.48 annualized dividend and a dividend yield of 1.38%. Carter's’s dividend payout ratio is currently 28.46%.
A number of equities research analysts have weighed in on the company. B. Riley restated a “buy” rating on shares of Carter's in a research report on Wednesday, November 1st. BidaskClub downgraded Carter's from a “hold” rating to a “sell” rating in a research 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 on the stock in a research report on Tuesday, September 26th. Cowen Inc set a $105.00 price target on Carter's and gave the company a “hold” rating in a research report on Thursday, November 16th. Finally, Citigroup Inc. raised their price target on Carter's from $108.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $105.27.
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Carter's Company Profile
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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