Carter’s Inc. (NYSE:CRI) Chairman Michael Dennis Casey sold 20,700 shares of the company’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $92.32, for a total value of $1,911,024.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Michael Dennis Casey also recently made the following trade(s):

  • On Monday, November 21st, Michael Dennis Casey sold 20,700 shares of Carter’s stock. The shares were sold at an average price of $90.49, for a total value of $1,873,143.00.
  • On Monday, November 14th, Michael Dennis Casey sold 20,700 shares of Carter’s stock. The shares were sold at an average price of $93.20, for a total value of $1,929,240.00.

Carter’s Inc. (NYSE:CRI) opened at 94.63 on Wednesday. Carter’s Inc. has a one year low of $83.44 and a one year high of $112.58. The stock has a market cap of $4.67 billion, a P/E ratio of 19.99 and a beta of 0.36. The company has a 50-day moving average price of $88.22 and a 200-day moving average price of $97.37.

Carter’s (NYSE:CRI) last released its earnings results on Thursday, October 27th. The company reported $1.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.67 by $0.06. The business earned $901 million during the quarter, compared to analysts’ expectations of $901.99 million. Carter’s had a net margin of 7.78% and a return on equity of 30.07%. Carter’s’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 EPS. On average, analysts anticipate that Carter’s Inc. will post $5.04 earnings per share for the current year.

Insider Buying and Selling by Quarter for Carter`s (NYSE:CRI)

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Monday, November 21st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.39%. This is a positive change from Carter’s’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, November 17th. Carter’s’s dividend payout ratio (DPR) is currently 27.85%.

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Several hedge funds have recently made changes to their positions in CRI. Price T Rowe Associates Inc. MD raised 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 raised its stake in shares of 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 in the last quarter. Morgan Stanley raised its stake in shares of 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 in the last quarter. TimesSquare Capital Management LLC purchased a new stake in shares of Carter’s during the second quarter valued at about $36,434,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.

A number of equities research analysts have issued reports on CRI shares. Oppenheimer Holdings Inc. set a $115.00 price target on Carter’s and gave the company a “buy” rating in a research report on Thursday, October 27th. Monness Crespi & Hardt raised 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. started coverage on Carter’s in a research report on Wednesday, September 28th. They set an “underperform” rating and a $95.00 price target for the company. Zacks Investment Research downgraded Carter’s from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 1st. Finally, Wells Fargo & Co. downgraded Carter’s from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $111.00 to $93.00 in a research report on Tuesday, September 27th. 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’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $108.70.

About Carter’s

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.

5 Day Chart for NYSE:CRI

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