Carter’s Inc. (CRI) Sees Large Volume Increase
Carter’s Inc. (NYSE:CRI) saw an uptick in trading volume on Monday . 554,490 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 478,834 shares.The stock last traded at $111.56 and had previously closed at $110.93.
Several research firms have recently weighed in on CRI. Cowen and Company began coverage on shares of Carter’s in a research note on Wednesday, July 13th. They issued a “market perform” rating and a $110.00 target price for the company. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $127.00 price objective (up previously from $122.00) on shares of Carter’s in a research note on Sunday, April 10th. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Wednesday, April 27th. Citigroup Inc. reaffirmed a “neutral” rating on shares of Carter’s in a research note on Wednesday, June 1st. Finally, FBR & Co boosted their price objective on shares of Carter’s from $104.00 to $111.00 and gave the company an “outperform” rating in a research note on Friday, April 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $111.83.
The company has a 50-day moving average price of $106.15 and a 200-day moving average price of $100.88. The company has a market capitalization of $5.66 billion and a price-to-earnings ratio of 24.18.
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, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The company earned $724 million during the quarter, compared to analysts’ expectations of $716 million. During the same quarter in the previous year, the company earned $0.97 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that Carter’s Inc. will post $5.14 earnings per share for the current year.
In other Carter’s news, CFO Richard F. Westenberger sold 4,000 shares of the company’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $107.44, for a total value of $429,760.00. Following the completion of the sale, the chief financial officer now directly owns 54,964 shares in the company, valued at approximately $5,905,332.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several institutional investors have added to or reduced their stakes in CRI. Mutual of America Capital Management LLC boosted its position in Carter’s by 0.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 34,896 shares of the company’s stock worth $3,107,000 after buying an additional 147 shares in the last quarter. I.G. Investment Management LTD. boosted its position in 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 in the last quarter. Advisors Asset Management Inc. boosted its position in 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 in the last quarter. Sei Investments Co. boosted its position in Carter’s by 14.6% in the fourth quarter. Sei Investments Co. now owns 21,504 shares of the company’s stock worth $1,915,000 after buying an additional 2,739 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in 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 in 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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