Michael Dennis Casey Sells 20,700 Shares of Carter’s Inc. (CRI) Stock
Carter’s Inc. (NYSE:CRI) Chairman Michael Dennis Casey sold 20,700 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $90.49, for a total transaction of $1,873,143.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Michael Dennis Casey also recently made the following trade(s):
- On Monday, November 14th, Michael Dennis Casey sold 20,700 shares of Carter’s stock. The stock was sold at an average price of $93.20, for a total transaction of $1,929,240.00.
Carter’s Inc. (NYSE:CRI) opened at 91.99 on Thursday. Carter’s Inc. has a 52 week low of $83.44 and a 52 week high of $112.58. The company has a 50-day moving average of $88.01 and a 200-day moving average of $97.59. The company has a market cap of $4.54 billion, a P/E ratio of 19.44 and a beta of 0.36.
Carter’s (NYSE:CRI) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.61 earnings per share (EPS) for the quarter, missing the 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 prior year, the company posted $1.51 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts predict that Carter’s Inc. will post $5.04 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Monday, November 21st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, November 17th. This is a boost from Carter’s’s previous quarterly dividend of $0.22. Carter’s’s dividend payout ratio is currently 27.85%.
Hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of Carter’s by 771.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,882,951 shares of the company’s stock valued at $249,981,000 after buying an additional 2,552,056 shares in the last quarter. Fiera Capital Corp boosted its stake in Carter’s by 1,417.3% in the second quarter. Fiera Capital Corp now owns 480,981 shares of the company’s stock valued at $51,210,000 after buying an additional 449,281 shares during the period. Morgan Stanley boosted its stake in Carter’s by 168.2% in the third quarter. Morgan Stanley now owns 596,909 shares of the company’s stock valued at $51,759,000 after buying an additional 374,387 shares during the period. TimesSquare Capital Management LLC purchased a new stake in Carter’s during the second quarter valued at $36,434,000. Finally, Thrivent Financial for Lutherans boosted its stake in Carter’s by 4,167.5% in the second quarter. Thrivent Financial for Lutherans now owns 283,360 shares of the company’s stock valued at $30,170,000 after buying an additional 276,720 shares during the period. 92.27% of the stock is owned by institutional investors.
Several analysts have issued reports on the stock. Citigroup Inc. decreased their price objective on shares of Carter’s from $108.00 to $106.00 and set a “neutral” rating for the company in a research note on Thursday, July 28th. Oppenheimer Holdings Inc. set a $115.00 price objective on shares of Carter’s and gave the stock a “buy” rating in a research note on Thursday, October 27th. FBR & Co reissued an “outperform” rating and issued a $111.00 price objective on shares of Carter’s in a research note on Wednesday, October 26th. Monness Crespi & Hardt raised shares of Carter’s from a “neutral” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Monday, August 8th. Finally, Zacks Investment Research downgraded shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. 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. The company currently has an average rating of “Hold” and an average price target of $108.70.
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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