Carter’s Inc. (CRI) Reaches New 1-Year High at $109.77
Carter’s Inc. (NYSE:CRI) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $109.77 and last traded at $109.54, with a volume of 165,143 shares traded. The stock had previously closed at $108.29.
Several brokerages recently issued reports on CRI. FBR & Co raised their target price on shares of Carter’s from $104.00 to $111.00 and gave the stock an “outperform” rating in a report on Friday, April 29th. Zacks Investment Research upgraded shares of Carter’s from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Wednesday, April 27th. Citigroup Inc. restated a “neutral” rating on shares of Carter’s in a report on Wednesday, June 1st. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a $127.00 target price (up previously from $122.00) on shares of Carter’s in a report on Sunday, April 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Carter’s has an average rating of “Buy” and an average price target of $112.20.
The firm has a market cap of $5.57 billion and a price-to-earnings ratio of 23.83. The firm has a 50-day moving average of $103.84 and a 200 day moving average of $99.66.
Carter’s (NYSE:CRI) last posted its quarterly earnings results on Thursday, April 28th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.00 by $0.05. During the same quarter in the prior year, the firm posted $0.97 EPS. The business earned $724 million during the quarter, compared to the consensus estimate of $716 million. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts forecast that Carter’s Inc. will post $5.13 earnings per share for the current fiscal year.
In related news, CFO Richard F. Westenberger sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $107.44, for a total transaction of $429,760.00. Following the completion of the transaction, the chief financial officer now owns 54,964 shares in the company, valued at approximately $5,905,332.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Other hedge funds and institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Carter’s by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 366,232 shares of the company’s stock valued at $32,608,000 after buying an additional 16,273 shares during the period. I.G. Investment Management LTD. raised its position in shares of Carter’s by 5.1% in the fourth quarter. I.G. Investment Management LTD. now owns 27,756 shares of the company’s stock worth $2,471,000 after buying an additional 1,339 shares during the last quarter. Polaris Capital Management LLC raised its position in shares of Carter’s by 56.0% in the fourth quarter. Polaris Capital Management LLC now owns 126,751 shares of the company’s stock worth $11,285,000 after buying an additional 45,500 shares during the last quarter. US Bancorp DE raised its position in shares of Carter’s by 63.8% in the fourth quarter. US Bancorp DE now owns 103,349 shares of the company’s stock worth $9,201,000 after buying an additional 40,264 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Carter’s by 7.1% in the fourth quarter. Advisors Asset Management Inc. now owns 21,219 shares of the company’s stock worth $1,889,000 after buying an additional 1,412 shares during the last quarter.
Carter’s, Inc is a marketer of apparel for babies and young children in the United States. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh. The Company operates through five business segments: Carter’s retail, Carter’s wholesale, OshKosh retail, OshKosh wholesale and International.
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