Traders Buy Shares of Carter’s (CRI) on Weakness
Traders purchased shares of Carter’s, Inc. (NYSE:CRI) on weakness during trading hours on Tuesday. $38.57 million flowed into the stock on the tick-up and $18.50 million flowed out of the stock on the tick-down, for a money net flow of $20.07 million into the stock. Of all equities tracked, Carter’s had the 25th highest net in-flow for the day. Carter’s traded down ($0.09) for the day and closed at $96.74
A number of research analysts recently weighed in on CRI shares. ValuEngine raised Carter’s from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. UBS Group started coverage on Carter’s in a report on Thursday, June 21st. They set a “neutral” rating and a $114.00 price objective on the stock. Cowen reaffirmed a “hold” rating and set a $104.00 price objective on shares of Carter’s in a report on Friday, July 27th. Finally, Zacks Investment Research raised Carter’s from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Five investment analysts have rated the stock with a hold rating and seven 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 $122.91.
The company has a quick ratio of 1.24, a current ratio of 3.36 and a debt-to-equity ratio of 0.84. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.61 and a beta of 0.49.
The company also recently announced a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Monday, August 27th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Friday, August 24th. Carter’s’s dividend payout ratio (DPR) is 31.25%.
In other Carter’s news, Director Jevin Eagle sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $109.10, for a total value of $545,500.00. Following the sale, the director now owns 6,297 shares of the company’s stock, valued at $687,002.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Pulver bought 7,500 shares of the stock in a transaction on Thursday, September 6th. The stock was purchased at an average cost of $98.55 per share, for a total transaction of $739,125.00. Following the acquisition, the director now directly owns 63,517 shares of the company’s stock, valued at approximately $6,259,600.35. The disclosure for this purchase can be found here. Insiders acquired 13,000 shares of company stock worth $1,309,110 in the last three months. 3.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of CRI. Public Employees Retirement System of Ohio lifted its position in shares of Carter’s by 4.0% in the second quarter. Public Employees Retirement System of Ohio now owns 213,032 shares of the textile maker’s stock valued at $23,091,000 after acquiring an additional 8,131 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Carter’s by 239.0% in the second quarter. Advisors Asset Management Inc. now owns 11,289 shares of the textile maker’s stock valued at $272,000 after acquiring an additional 7,959 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Carter’s by 4.1% in the second quarter. California Public Employees Retirement System now owns 145,617 shares of the textile maker’s stock valued at $15,783,000 after acquiring an additional 5,694 shares in the last quarter. Glenmede Trust Co. NA lifted its position in shares of Carter’s by 9.2% in the second quarter. Glenmede Trust Co. NA now owns 168,997 shares of the textile maker’s stock valued at $18,317,000 after acquiring an additional 14,273 shares in the last quarter. Finally, Waddell & Reed Financial Inc. purchased a new stake in shares of Carter’s in the second quarter valued at $14,145,000. 95.95% of the stock is currently owned by institutional investors.
About Carter’s (NYSE:CRI)
Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.
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