Carter’s, Inc. (NYSE:CRI) CEO Michael Dennis Casey sold 25,000 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $89.07, for a total value of $2,226,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, November 12th, Michael Dennis Casey sold 25,000 shares of Carter’s stock. The stock was sold at an average price of $91.27, for a total value of $2,281,750.00.
  • On Monday, November 5th, Michael Dennis Casey sold 25,000 shares of Carter’s stock. The stock was 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 stock was sold at an average price of $97.76, for a total value of $2,444,000.00.

Shares of CRI stock opened at $90.42 on Thursday. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 1.79 and a beta of 0.57. Carter’s, Inc. has a fifty-two week low of $86.18 and a fifty-two week high of $129.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.49 and a current ratio of 3.67.

Carter’s (NYSE:CRI) last issued its earnings results on Thursday, October 25th. The textile maker reported $1.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.12). The business had revenue of $923.91 million during the quarter, compared to analyst estimates of $940.87 million. Carter’s had a net margin of 8.44% and a return on equity of 33.05%. On average, analysts forecast that Carter’s, Inc. will post 6.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Tuesday, November 27th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, November 26th. Carter’s’s dividend payout ratio is presently 31.25%.

A number of equities analysts have commented on the company. Cowen set a $95.00 price objective on Carter’s and gave the stock a “hold” rating in a research note on Thursday, October 18th. Zacks Investment Research lowered Carter’s from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. B. Riley assumed coverage on Carter’s in a research note on Tuesday, October 30th. They set a “market perform” rating and a $104.00 price objective on the stock. TheStreet lowered Carter’s from a “b” rating to a “c+” rating in a research note on Thursday, October 25th. Finally, ValuEngine lowered Carter’s from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $113.30.

Several hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in shares of Carter’s by 6,653.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,186,404 shares of the textile maker’s stock valued at $215,579,000 after purchasing an additional 2,154,029 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Carter’s by 33.7% in the 3rd quarter. Mackenzie Financial Corp now owns 1,122,465 shares of the textile maker’s stock valued at $110,675,000 after purchasing an additional 282,615 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Carter’s by 14.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,028,620 shares of the textile maker’s stock valued at $101,422,000 after purchasing an additional 132,471 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Carter’s by 8.3% in the 3rd quarter. AQR Capital Management LLC now owns 668,765 shares of the textile maker’s stock valued at $65,940,000 after purchasing an additional 51,416 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Carter’s by 8.0% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 538,300 shares of the textile maker’s stock valued at $53,076,000 after purchasing an additional 39,985 shares in the last quarter. 98.58% of the stock is currently owned by hedge funds and other institutional investors.

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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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