Carter’s, Inc. (NYSE:CRI) Chairman Michael Dennis Casey sold 25,000 shares of the stock in a transaction on Monday, November 12th. The shares were sold at an average price of $91.27, for a total value of $2,281,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, November 5th, Michael Dennis Casey sold 25,000 shares of Carter’s stock. The shares were sold at an average price of $95.26, for a total value of $2,381,500.00.
  • On Monday, October 29th, Michael Dennis Casey sold 25,000 shares of Carter’s stock. The shares were sold at an average price of $97.76, for a total value of $2,444,000.00.

NYSE CRI traded down $1.97 during trading on Tuesday, hitting $87.85. 936,900 shares of the company’s stock traded hands, compared to its average volume of 882,325. The company has a quick ratio of 1.49, a current ratio of 3.67 and a debt-to-equity ratio of 0.98. Carter’s, Inc. has a 12-month low of $87.52 and a 12-month high of $129.00. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.90 and a beta of 0.57.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Thursday, October 25th. The textile maker reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.12). Carter’s had a net margin of 8.44% and a return on equity of 33.05%. The business had revenue of $923.91 million for the quarter, compared to analysts’ expectations of $940.87 million. Equities analysts expect that Carter’s, Inc. will post 6.04 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CRI. Victory Capital Management Inc. boosted its position in Carter’s by 6,653.4% during the third quarter. Victory Capital Management Inc. now owns 2,186,404 shares of the textile maker’s stock valued at $215,579,000 after buying an additional 2,154,029 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in Carter’s during the second quarter valued at about $54,012,000. Diamond Hill Capital Management Inc. boosted its position in Carter’s by 336.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 508,933 shares of the textile maker’s stock valued at $50,181,000 after buying an additional 392,378 shares during the period. Marshall Wace LLP purchased a new stake in Carter’s during the second quarter valued at about $22,183,000. Finally, Wells Fargo & Company MN boosted its position in Carter’s by 79.8% during the third quarter. Wells Fargo & Company MN now owns 432,626 shares of the textile maker’s stock valued at $42,657,000 after buying an additional 192,070 shares during the period. Institutional investors and hedge funds own 98.88% of the company’s stock.

A number of research analysts recently commented on the company. Macquarie cut Carter’s from an “outperform” rating to a “neutral” rating in a research note on Friday, November 2nd. B. Riley assumed coverage on Carter’s in a research note on Tuesday, October 30th. They issued a “market perform” rating and a $104.00 target price on the stock. TheStreet cut Carter’s from a “b” rating to a “c+” rating in a research note on Thursday, October 25th. Monness Crespi & Hardt reduced their target price on Carter’s from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Finally, Zacks Investment Research cut Carter’s from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Carter’s has an average rating of “Hold” and a consensus price target of $113.30.

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Carter’s Company Profile

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

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