Carter’s Inc. (CRI) To Go Ex-Dividend on November 17th
Carter’s Inc. (NYSE:CRI) announced a dividend on Thursday, November 10th. Shareholders of record on Monday, November 21st will be paid a dividend of 0.33 per share on Friday, December 2nd. The ex-dividend date of this dividend is Thursday, November 17th. This is a positive change from Carter’s’s previous dividend of $0.22.
Shares of Carter’s (NYSE:CRI) opened at 88.09 on Friday. Carter’s has a 12 month low of $83.35 and a 12 month high of $112.58. The firm’s 50-day moving average is $87.42 and its 200 day moving average is $98.36. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 18.61 and a beta of 0.36.
Carter’s (NYSE:CRI) last released its quarterly earnings results on Thursday, October 27th. The company reported $1.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by $0.06. Carter’s had a net margin of 7.78% and a return on equity of 30.07%. The business had revenue of $901 million for the quarter, compared to analysts’ expectations of $901.99 million. During the same period in the previous year, the company earned $1.51 EPS. Carter’s’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts expect that Carter’s will post $5.04 EPS for the current year.
CRI has been the subject of several research reports. Citigroup Inc. reduced their price target on shares of Carter’s from $108.00 to $106.00 and set a “neutral” rating for the company in a research report on Thursday, July 28th. Zacks Investment Research lowered shares of Carter’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 29th. Monness Crespi & Hardt raised shares of Carter’s from a “neutral” rating to a “buy” rating and set a $118.00 price target for the company in a research report on Monday, August 8th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $115.00 target price on shares of Carter’s in a report on Friday, September 9th. Finally, FBR & Co reissued a “buy” rating and issued a $111.00 target price on shares of Carter’s in a report on Friday, September 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Carter’s presently has a consensus rating of “Hold” and a consensus target price of $108.70.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. acquired a new position in Carter’s during the second quarter valued at $224,000. Grandeur Peak Global Advisors LLC increased its position in Carter’s by 19.8% in the second quarter. Grandeur Peak Global Advisors LLC now owns 2,725 shares of the company’s stock worth $290,000 after buying an additional 450 shares in the last quarter. Pacer Advisors Inc. increased its position in Carter’s by 487.1% in the second quarter. Pacer Advisors Inc. now owns 5,278 shares of the company’s stock worth $562,000 after buying an additional 4,379 shares in the last quarter. Pacad Investment Ltd. increased its position in Carter’s by 43.3% in the second quarter. Pacad Investment Ltd. now owns 9,600 shares of the company’s stock worth $1,022,000 after buying an additional 2,900 shares in the last quarter. Finally, Menta Capital LLC increased its position in Carter’s by 44.2% in the second quarter. Menta Capital LLC now owns 9,598 shares of the company’s stock worth $1,022,000 after buying an additional 2,940 shares in the last quarter. Institutional investors and hedge funds own 90.20% of the company’s stock.
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 operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. Its international segment includes Company-operated retail stores, wholesale and online operations in addition to royalty income from its international licensees.
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