Carter's, Inc. (NYSE:CRI) Chairman Michael Dennis Casey sold 26,523 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $106.86, for a total value of $2,834,247.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Michael Dennis Casey also recently made the following trade(s):

  • On Monday, November 20th, Michael Dennis Casey sold 26,524 shares of Carter's stock. The stock was sold at an average price of $106.08, for a total value of $2,813,665.92.
  • On Monday, November 13th, Michael Dennis Casey sold 26,524 shares of Carter's stock. The stock was sold at an average price of $101.25, for a total value of $2,685,555.00.
  • On Monday, November 6th, Michael Dennis Casey sold 26,524 shares of Carter's stock. The stock was sold at an average price of $99.14, for a total value of $2,629,589.36.

Carter's, Inc. (NYSE:CRI) traded up $1.19 during trading on Wednesday, hitting $110.29. The company had a trading volume of 862,300 shares, compared to its average volume of 714,610. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.20 and a quick ratio of 1.34. Carter's, Inc. has a 12-month low of $77.94 and a 12-month high of $110.61. The firm has a market capitalization of $5,058.86, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 2.09 and a beta of 0.33.

Carter's (NYSE:CRI) last released its earnings results on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $948.23 million during the quarter, compared to the consensus estimate of $950.64 million. During the same quarter in the previous year, the company posted $1.61 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. analysts expect that Carter's, Inc. will post 5.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, November 17th. Carter's’s dividend payout ratio (DPR) is 28.46%.

Several institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its holdings in Carter's by 1,216.2% in the second quarter. Janus Henderson Group PLC now owns 3,399,870 shares of the textile maker’s stock valued at $302,418,000 after acquiring an additional 3,141,568 shares during the period. Lazard Asset Management LLC lifted its holdings in Carter's by 1,428.4% in the second quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock valued at $203,638,000 after acquiring an additional 2,139,567 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Carter's by 137.8% in the second 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 position in Carter's in the second quarter valued at approximately $22,229,000. Finally, Old Mutual Global Investors UK Ltd. lifted its holdings in Carter's by 64.6% in the second 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. 98.69% of the stock is owned by hedge funds and other institutional investors.

CRI has been the subject of several recent analyst reports. Cowen set a $92.00 price target on Carter's and gave the stock a “hold” rating in a report on Monday, October 23rd. Macquarie began coverage on Carter's in a report on Tuesday, August 29th. They issued an “outperform” rating and a $110.00 price target for the company. BidaskClub downgraded Carter's from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Oppenheimer set a $112.00 target price on Carter's and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Goldman Sachs Group began coverage on Carter's in a report on Tuesday, September 5th. They set a “buy” rating and a $105.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $105.27.

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About Carter's

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.

Insider Buying and Selling by Quarter for Carter's (NYSE:CRI)

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