Investors Buy Large Volume of Carter’s Put Options (CRI)
Carter’s, Inc. (NYSE:CRI) saw unusually large options trading activity on Monday. Stock investors bought 2,239 put options on the stock. This represents an increase of 1,571% compared to the typical daily volume of 134 put options.
Several research analysts have recently issued reports on CRI shares. Cowen and Company set a $92.00 price target on Carter’s and gave the stock a “hold” rating in a research note on Monday, October 23rd. Macquarie started coverage on shares of Carter’s in a research note on Tuesday, August 29th. They issued an “outperform” rating and a $110.00 target price for the company. BidaskClub downgraded shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Goldman Sachs Group, Inc. (The) started coverage on shares of Carter’s in a research note on Tuesday, September 5th. They issued a “buy” rating and a $105.00 target price for the company. Finally, Oppenheimer Holdings, Inc. set a $112.00 target price on shares of Carter’s and gave the company a “buy” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $105.27.
Carter’s (NYSE CRI) opened at $106.50 on Thursday. Carter’s has a one year low of $77.94 and a one year high of $107.58. The company has a current ratio of 3.20, a quick ratio of 1.34 and a debt-to-equity ratio of 0.89. The company has a market cap of $5,032.83, a PE ratio of 20.26, a PEG ratio of 2.08 and a beta of 0.33.
Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.05. Carter’s had a net margin of 7.69% and a return on equity of 33.38%. The company had revenue of $948.23 million during the quarter, compared to the consensus estimate of $950.64 million. During the same quarter in the prior year, the company posted $1.61 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. sell-side analysts forecast that Carter’s will post 5.63 earnings per share for the current 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 paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Friday, November 17th. Carter’s’s dividend payout ratio is currently 28.46%.
In other news, Director Paul Fulton sold 8,643 shares of Carter’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $87.58, for a total transaction of $756,953.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Michael Dennis Casey sold 26,524 shares of Carter’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $99.14, for a total value of $2,629,589.36. The disclosure for this sale can be found here. Insiders have sold a total of 103,627 shares of company stock worth $10,459,353 over the last 90 days. Insiders own 3.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Carter’s by 1.8% during the 2nd quarter. BlackRock Inc. now owns 4,110,338 shares of the textile maker’s stock valued at $365,614,000 after acquiring an additional 71,765 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Carter’s by 0.3% during the 3rd quarter. Janus Henderson Group PLC now owns 3,411,220 shares of the textile maker’s stock valued at $336,858,000 after acquiring an additional 11,350 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Carter’s by 1,428.4% during the 2nd quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock valued at $203,638,000 after acquiring an additional 2,139,567 shares during the last quarter. State Street Corp increased its stake in shares of Carter’s by 1.7% during the 2nd quarter. State Street Corp now owns 1,321,596 shares of the textile maker’s stock valued at $117,556,000 after acquiring an additional 22,158 shares during the last quarter. Finally, Harris Associates L P increased its stake in shares of Carter’s by 3.2% during the 2nd quarter. Harris Associates L P now owns 968,440 shares of the textile maker’s stock valued at $86,143,000 after acquiring an additional 29,845 shares during the last quarter. 98.35% of the stock is owned by institutional investors.
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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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