Paul Fulton Sells 10,412 Shares of Carter’s, Inc. (CRI) Stock
Carter’s, Inc. (NYSE:CRI) Director Paul Fulton sold 10,412 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $100.70, for a total transaction of $1,048,488.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Paul Fulton also recently made the following trade(s):
- On Friday, September 1st, Paul Fulton sold 8,643 shares of Carter’s stock. The shares were sold at an average price of $87.58, for a total transaction of $756,953.94.
Carter’s, Inc. (CRI) opened at $102.31 on Wednesday. Carter’s, Inc. has a fifty-two week low of $77.94 and a fifty-two week high of $102.87. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.20 and a quick ratio of 1.34. The firm has a market cap of $4,822.25, a P/E ratio of 19.41, a P/E/G ratio of 1.99 and a beta of 0.33.
Carter’s (NYSE:CRI) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.05. The company had revenue of $948.23 million for the quarter, compared to the consensus estimate of $950.64 million. Carter’s had a net margin of 7.69% and a return on equity of 33.38%. Carter’s’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 EPS. analysts expect that Carter’s, Inc. will post 5.64 earnings per share for the current year.
The company 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. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. Carter’s’s payout ratio is 28.46%.
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Several hedge funds and other institutional investors have recently modified their holdings of CRI. Janus Henderson Group PLC grew its stake in shares of Carter’s by 1,216.2% during the 2nd quarter. Janus Henderson Group PLC now owns 3,399,870 shares of the textile maker’s stock worth $302,418,000 after purchasing an additional 3,141,568 shares during the period. Lazard Asset Management LLC grew 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 worth $203,638,000 after purchasing an additional 2,139,567 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in Carter’s by 137.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 539,046 shares of the textile maker’s stock valued at $47,948,000 after acquiring an additional 312,412 shares during the period. Chilton Investment Co. LLC acquired a new stake in Carter’s in the 2nd quarter valued at $22,229,000. Finally, Old Mutual Global Investors UK Ltd. grew its stake in Carter’s by 64.6% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 510,645 shares of the textile maker’s stock valued at $45,421,000 after acquiring an additional 200,468 shares during the period. 96.17% of the stock is currently owned by institutional investors and hedge funds.
CRI has been the subject of several analyst reports. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Tuesday, September 26th. Bank of America Corporation initiated coverage on shares of Carter’s in a research report on Friday, September 15th. They issued a “buy” rating and a $106.00 price objective for the company. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Carter’s in a research report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price objective for the company. Citigroup Inc. increased their price objective on shares of Carter’s from $108.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Oppenheimer Holdings, Inc. set a $112.00 price objective on shares of Carter’s and gave the company a “buy” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $104.09.
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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