Insider Selling: Carter’s, Inc. (CRI) Chairman Sells 26,524 Shares of Stock

Carter’s, Inc. (NYSE:CRI) Chairman Michael Dennis Casey sold 26,524 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $106.08, for a total value of $2,813,665.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, November 13th, Michael Dennis Casey sold 26,524 shares of Carter’s stock. The shares were 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 shares were sold at an average price of $99.14, for a total value of $2,629,589.36.

Carter’s, Inc. (NYSE CRI) opened at $107.06 on Wednesday. Carter’s, Inc. has a fifty-two week low of $77.94 and a fifty-two week high of $107.24. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.20 and a quick ratio of 1.34. The company has a market cap of $5,032.83, a PE ratio of 20.26, a PEG ratio of 2.08 and a beta of 0.33.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.05. The business had revenue of $948.23 million during the quarter, compared to analyst estimates of $950.64 million. Carter’s had a net margin of 7.69% and a return on equity of 33.38%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 EPS. analysts anticipate that Carter’s, Inc. will post 5.63 earnings per share for the current fiscal year.

The firm 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 $0.37 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.38%. Carter’s’s payout ratio is currently 28.46%.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://transcriptdaily.com/2017/11/22/insider-selling-carters-inc-cri-chairman-sells-26524-shares-of-stock.html.

Several institutional investors have recently added to or reduced their stakes in CRI. Dimensional Fund Advisors LP increased its position in shares of Carter’s by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 345,278 shares of the textile maker’s stock worth $31,006,000 after acquiring an additional 18,975 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Carter’s during the second quarter valued at approximately $118,000. Oregon Public Employees Retirement Fund grew its position in Carter’s by 4.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 18,820 shares of the textile maker’s stock worth $1,674,000 after acquiring an additional 760 shares in the last quarter. LS Investment Advisors LLC grew its position in Carter’s by 18.1% in the second quarter. LS Investment Advisors LLC now owns 3,887 shares of the textile maker’s stock worth $346,000 after acquiring an additional 596 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Carter’s by 2.4% in the second quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the textile maker’s stock worth $1,121,000 after acquiring an additional 300 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

CRI has been the subject of several analyst reports. Cowen and Company set a $92.00 price objective on Carter’s and gave the company a “hold” rating in a report on Thursday, July 27th. BidaskClub lowered Carter’s from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Macquarie assumed coverage on Carter’s in a report on Tuesday, August 29th. They issued an “outperform” rating and a $110.00 price objective on the stock. Goldman Sachs Group, Inc. (The) started coverage on shares of Carter’s in a research note on Tuesday, September 5th. They issued a “buy” rating and a $105.00 target price on the stock. Finally, Bank of America Corporation started coverage on shares of Carter’s in a research report on Friday, September 15th. They set a “buy” rating and a $106.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Carter’s presently has an average rating of “Buy” and a consensus price target of $105.27.

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.

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

Receive News & Ratings for Carter's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply