Julie D’emilio Sells 3,000 Shares of Carter's, Inc. (CRI) Stock

Carter's, Inc. (NYSE:CRI) EVP Julie D’emilio sold 3,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $108.25, for a total value of $324,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Carter's, Inc. (NYSE:CRI) opened at $110.00 on Thursday. Carter's, Inc. has a 12-month low of $77.94 and a 12-month high of $111.51. The firm has a market capitalization of $5,184.74, a PE ratio of 20.87, a price-to-earnings-growth ratio of 2.14 and a beta of 0.37. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.20 and a quick ratio of 1.34.

Carter's (NYSE:CRI) last announced its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. Carter's had a return on equity of 33.38% and a net margin of 7.69%. The company had revenue of $948.23 million during the quarter, compared to analysts’ expectations of $950.64 million. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. sell-side analysts expect that Carter's, Inc. will post 5.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were given a $0.37 dividend. The ex-dividend date was Friday, November 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.35%. Carter's’s dividend payout ratio is currently 28.46%.

Several large investors have recently made changes to their positions in CRI. NGAM Advisors L.P. lifted its position in shares of Carter's by 5.0% in the second quarter. NGAM Advisors L.P. now owns 12,720 shares of the textile maker’s stock worth $1,131,000 after buying an additional 608 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Carter's by 30.5% in the second quarter. Janney Montgomery Scott LLC now owns 6,330 shares of the textile maker’s stock worth $563,000 after buying an additional 1,480 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Carter's by 0.4% in the second quarter. Great West Life Assurance Co. Can now owns 29,129 shares of the textile maker’s stock worth $2,589,000 after buying an additional 103 shares during the last quarter. World Asset Management Inc lifted its position in shares of Carter's by 6.7% in the second quarter. World Asset Management Inc now owns 3,708 shares of the textile maker’s stock worth $330,000 after buying an additional 233 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Carter's by 18.4% in the second quarter. Sei Investments Co. now owns 150,763 shares of the textile maker’s stock worth $13,410,000 after buying an additional 23,419 shares during the last quarter. 98.70% of the stock is owned by institutional investors.

CRI has been the topic of a number of recent research reports. Zacks Investment Research upgraded Carter's from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Tuesday, September 26th. Bank of America initiated coverage on Carter's in a research note on Friday, September 15th. They issued a “buy” rating and a $106.00 target price on the stock. Goldman Sachs Group initiated coverage on Carter's in a research note on Tuesday, September 5th. They issued a “buy” rating and a $105.00 target price on the stock. Citigroup boosted their target price on Carter's from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Oppenheimer set a $112.00 target price on Carter's and gave the company a “buy” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Carter's has an average rating of “Buy” and an average target price of $105.27.

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About Carter's

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)

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