Carter’s, Inc. (CRI) Director Buys $86,100.00 in Stock

Carter’s, Inc. (NYSE:CRI) Director David Pulver bought 1,000 shares of the firm’s stock in a transaction on Thursday, December 6th. The shares were acquired at an average price of $86.10 per share, for a total transaction of $86,100.00. Following the transaction, the director now owns 65,517 shares in the company, valued at $5,641,013.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NYSE CRI traded down $3.44 during trading hours on Friday, hitting $82.98. 874,140 shares of the stock were exchanged, compared to its average volume of 751,834. The company has a current ratio of 3.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.75 and a beta of 0.56. Carter’s, Inc. has a 1-year low of $82.57 and a 1-year high of $129.00.

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 Thomson Reuters’ consensus estimate of $1.73 by ($0.12). The firm had revenue of $923.91 million for the quarter, compared to analyst estimates of $940.87 million. Carter’s had a return on equity of 33.05% and a net margin of 8.44%. On average, equities research analysts forecast that Carter’s, Inc. will post 6.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Tuesday, November 27th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.17%. The ex-dividend date is Monday, November 26th. Carter’s’s payout ratio is 31.25%.

Several research firms recently issued reports on CRI. ValuEngine upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Citigroup increased their price target on shares of Carter’s from $107.00 to $113.00 and gave the stock a “buy” rating in a research report on Monday, December 3rd. Zacks Investment Research lowered shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Macquarie lowered shares of Carter’s from an “outperform” rating to a “neutral” rating in a research report on Friday, November 2nd. Finally, Cowen set a $95.00 price target on shares of Carter’s and gave the stock a “hold” rating in a research report on Thursday, October 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Carter’s currently has a consensus rating of “Hold” and a consensus price target of $111.20.

A number of large investors have recently modified their holdings of the stock. BancorpSouth Bank lifted its stake in Carter’s by 12.2% in the 2nd quarter. BancorpSouth Bank now owns 4,467 shares of the textile maker’s stock valued at $484,000 after purchasing an additional 484 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Carter’s by 2.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,581 shares of the textile maker’s stock valued at $2,014,000 after purchasing an additional 530 shares during the last quarter. Arizona State Retirement System lifted its stake in Carter’s by 1.7% in the 2nd quarter. Arizona State Retirement System now owns 32,590 shares of the textile maker’s stock valued at $3,532,000 after purchasing an additional 531 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Carter’s by 5.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 11,326 shares of the textile maker’s stock valued at $1,117,000 after purchasing an additional 631 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Carter’s by 15.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,904 shares of the textile maker’s stock valued at $484,000 after purchasing an additional 674 shares during the last quarter.

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About Carter’s

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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