Carter’s (NYSE:CRI) had its price target trimmed by DA Davidson to $91.00 in a research note published on Tuesday, The Fly reports. The brokerage currently has an average rating on the textile maker’s stock.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of GasLog Partners LP Unit from a hold rating to a strong sell rating in a research report on Tuesday, April 2nd. TheStreet raised shares of Valmont Industries from a c+ rating to a b- rating in a research report on Wednesday, March 13th. Citigroup reissued a buy rating and set a $13.00 price target on shares of Encana in a research report on Monday, March 18th. Finally, Deutsche Bank initiated coverage on shares of Carter’s in a research report on Tuesday, April 16th. They set a hold rating and a $99.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $104.56.
Shares of Carter’s stock opened at $91.57 on Tuesday. Carter’s has a 52-week low of $75.66 and a 52-week high of $118.22. The stock has a market cap of $4.09 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90. The firm has a fifty day simple moving average of $92.60. The company has a quick ratio of 1.25, a current ratio of 2.68 and a debt-to-equity ratio of 0.74.
Carter’s (NYSE:CRI) last announced its quarterly earnings data on Tuesday, April 30th. The textile maker reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.17. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. The company had revenue of $741.06 million during the quarter, compared to analysts’ expectations of $724.08 million. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. On average, analysts predict that Carter’s will post 6.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th were given a $0.50 dividend. The ex-dividend date was Tuesday, May 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.18%. Carter’s’s dividend payout ratio is 31.80%.
In related news, SVP Jill Wilson sold 2,843 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $108.38, for a total value of $308,124.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard F. Westenberger sold 3,880 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $106.35, for a total transaction of $412,638.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,223 shares of company stock valued at $774,982. Corporate insiders own 3.20% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its holdings in shares of Carter’s by 0.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 15,300 shares of the textile maker’s stock valued at $1,542,000 after acquiring an additional 100 shares during the last quarter. Private Capital Group LLC boosted its holdings in shares of Carter’s by 38.8% in the first quarter. Private Capital Group LLC now owns 587 shares of the textile maker’s stock worth $59,000 after buying an additional 164 shares during the last quarter. Alpha Quant Advisors LLC boosted its holdings in shares of Carter’s by 112.7% in the first quarter. Alpha Quant Advisors LLC now owns 334 shares of the textile maker’s stock worth $34,000 after buying an additional 177 shares during the last quarter. Mason Street Advisors LLC boosted its holdings in shares of Carter’s by 0.8% in the first quarter. Mason Street Advisors LLC now owns 24,209 shares of the textile maker’s stock worth $2,440,000 after buying an additional 193 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Carter’s by 0.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 56,330 shares of the textile maker’s stock worth $5,678,000 after buying an additional 230 shares during the last quarter. Institutional investors own 95.74% of the company’s stock.
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, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.
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