Carter’s Inc. (CRI) Hits New 12-Month High at $112.58
Carter’s Inc. (NYSE:CRI) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $112.58 and last traded at $111.06, with a volume of 404,868 shares traded. The stock had previously closed at $111.39.
CRI has been the topic of a number of analyst reports. FBR & Co increased their target price on shares of Carter’s from $104.00 to $111.00 and gave the stock an “outperform” rating in a research report on Friday, April 29th. Citigroup Inc. reiterated a “neutral” rating on shares of Carter’s in a research report on Wednesday, June 1st. Zacks Investment Research upgraded 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. Cowen and Company assumed coverage on shares of Carter’s in a research report on Wednesday, July 13th. They set a “market perform” rating and a $110.00 price target on the stock. Finally, Goldman Sachs Group Inc. reiterated 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Carter’s presently has an average rating of “Buy” and an average price target of $111.83.
The stock’s 50-day moving average is $106.28 and its 200-day moving average is $101.02. The firm has a market capitalization of $5.18 billion and a PE ratio of 22.16.
Carter’s (NYSE:CRI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.06. The business earned $639 million during the quarter, compared to the consensus estimate of $636.86 million. During the same period last year, the firm earned $0.73 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts forecast that Carter’s Inc. will post $5.14 EPS for the current fiscal year.
In other 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 value of $429,760.00. Following the sale, the chief financial officer now owns 54,964 shares of the company’s stock, valued at $5,905,332.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
A number of institutional investors have recently modified their holdings of the stock. Bank of Montreal Can boosted 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 valued at $40,822,000 after buying an additional 14,784 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. Mandatum Life Insurance Co Ltd bought a new position in Carter’s during the fourth quarter worth approximately $2,732,000. Polaris Capital Management LLC boosted its position in 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 in the last quarter. Finally, 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.
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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