Carter’s Inc. (CRI) Sets New 1-Year High at $110.79
Shares of Carter’s Inc. (NYSE:CRI) reached a new 52-week high on Wednesday . The company traded as high as $110.79 and last traded at $110.79, with a volume of 193,105 shares changing hands. The stock had previously closed at $109.78.
A number of research firms recently weighed in on CRI. Cowen and Company began coverage on Carter’s in a report on Wednesday, July 13th. They issued a “market perform” rating and a $110.00 price objective for the company. Citigroup Inc. restated a “neutral” rating on shares of Carter’s in a report on Wednesday, June 1st. FBR & Co upped their price target on shares of Carter’s from $104.00 to $111.00 and gave the company an “outperform” rating in a research report on Friday, April 29th. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Wednesday, April 27th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $127.00 price target (up previously from $122.00) on shares of Carter’s in a research report on Sunday, April 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $111.83.
The company has a market cap of $5.62 billion and a P/E ratio of 24.04. The stock has a 50-day moving average price of $105.41 and a 200-day moving average price of $100.42.
Carter’s (NYSE:CRI) last issued its earnings results on Thursday, April 28th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.05. The firm earned $724 million during the quarter, compared to the consensus estimate of $716 million. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 EPS. Equities analysts forecast that Carter’s Inc. will post $5.13 earnings per share for the current fiscal year.
In other news, CFO Richard F. Westenberger sold 4,000 shares of the company’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 value of $429,760.00. Following the transaction, the chief financial officer now owns 54,964 shares in the company, valued at $5,905,332.16. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of hedge funds and institutional investors recently modified their holdings of CRI. Vanguard Group Inc. increased its position in shares of Carter’s by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 3,622,609 shares of the company’s stock worth $322,520,000 after buying an additional 36,257 shares during the period. Bank of Montreal Can increased its position in shares of Carter’s by 3.3% in the fourth quarter. Bank of Montreal Can now owns 458,519 shares of the company’s stock worth $40,822,000 after buying an additional 14,784 shares during the period. Principal Financial Group Inc. increased its position in shares of Carter’s by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 167,926 shares of the company’s stock worth $14,950,000 after buying an additional 3,363 shares during the period. Diamond Hill Capital Management Inc. increased its position in shares of Carter’s by 18.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 131,010 shares of the company’s stock worth $11,664,000 after buying an additional 20,345 shares during the period. Finally, Polaris Capital Management LLC increased 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 period.
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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