Carter’s Sees Unusually Large Options Volume (CRI)
Carter’s, Inc. (NYSE:CRI) was the target of some unusual options trading on Monday. Investors purchased 2,239 put options on the company. This represents an increase of 1,571% compared to the average volume of 134 put options.
In other news, Director Paul Fulton sold 8,643 shares of Carter’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $87.58, for a total value of $756,953.94. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Richard F. Westenberger sold 5,000 shares of Carter’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $105.02, for a total value of $525,100.00. The disclosure for this sale can be found here. Insiders sold a total of 103,627 shares of company stock worth $10,459,353 over the last quarter. Company insiders own 3.10% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Alps Advisors Inc. grew its position in shares of Carter’s by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,419 shares of the textile maker’s stock valued at $482,000 after purchasing an additional 14 shares in the last quarter. Sawtooth Solutions LLC grew its position in shares of Carter’s by 1.2% in the second quarter. Sawtooth Solutions LLC now owns 2,632 shares of the textile maker’s stock valued at $234,000 after purchasing an additional 31 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Carter’s by 2.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after acquiring an additional 35 shares during the period. Advisor Group Inc. grew its position in Carter’s by 2.3% in the second quarter. Advisor Group Inc. now owns 3,549 shares of the textile maker’s stock worth $315,000 after acquiring an additional 79 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its position in Carter’s by 3.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,714 shares of the textile maker’s stock worth $241,000 after acquiring an additional 99 shares during the period. Institutional investors own 98.35% of the company’s stock.
Several research analysts recently weighed in on the company. Cowen and Company set a $92.00 target price on Carter’s and gave the stock a “hold” rating in a research note on Monday, October 23rd. Goldman Sachs Group, Inc. (The) assumed coverage on Carter’s in a research note on Tuesday, September 5th. They set a “buy” rating and a $105.00 target price on the stock. Bank of America Corporation assumed coverage on Carter’s in a research note on Friday, September 15th. They set a “buy” rating and a $106.00 target price on the stock. Zacks Investment Research downgraded Carter’s from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Macquarie assumed coverage on Carter’s in a research note on Tuesday, August 29th. They set an “outperform” rating and a $110.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $105.27.
Carter’s (NYSE CRI) opened at $106.50 on Thursday. The firm has a market capitalization of $5,032.83, a PE ratio of 20.26, a P/E/G ratio of 2.08 and a beta of 0.33. Carter’s has a fifty-two week low of $77.94 and a fifty-two week high of $107.58. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89.
Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.05. Carter’s had a return on equity of 33.38% and a net margin of 7.69%. The company had revenue of $948.23 million during the quarter, compared to analyst estimates of $950.64 million. During the same period in the previous year, the business earned $1.61 EPS. Carter’s’s quarterly revenue was up 5.2% on a year-over-year basis. analysts forecast that Carter’s will post 5.63 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 20th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, November 17th. This represents a $1.48 annualized dividend and a yield of 1.39%. Carter’s’s dividend payout ratio (DPR) is currently 28.46%.
Carter’s Company Profile
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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