Carter’s (CRI) Trading Down 5.7%

Carter’s, Inc. (NYSE:CRI)’s share price dropped 5.7% during trading on Monday . The stock traded as low as $93.88 and last traded at $94.09. Approximately 618,917 shares were traded during trading, a decline of 18% from the average daily volume of 751,299 shares. The stock had previously closed at $99.80.

CRI has been the topic of several recent analyst reports. TheStreet raised shares of Carter’s from a “c+” rating to a “b-” rating in a research report on Wednesday, March 13th. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a report on Tuesday, April 2nd. Citigroup reaffirmed a “buy” rating and issued a $120.00 price target on shares of Carter’s in a report on Monday, March 18th. ValuEngine raised shares of Carter’s from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Finally, Deutsche Bank assumed coverage on shares of Carter’s in a report on Tuesday, April 16th. They issued a “hold” rating and a $99.00 price target on the stock. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $106.92.

The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.68. The firm has a market capitalization of $4.25 billion, a P/E ratio of 14.60, a P/E/G ratio of 1.84 and a beta of 0.62.



Carter’s (NYSE:CRI) last posted its quarterly earnings results on Tuesday, April 30th. The textile maker reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The company had revenue of $741.06 million for the quarter, compared to analysts’ expectations of $724.08 million. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. Carter’s’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. On average, equities analysts predict that Carter’s, Inc. will post 6.64 earnings per share for the current year.

In related news, CFO Richard F. Westenberger sold 3,880 shares of Carter’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $106.35, for a total value of $412,638.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jill Wilson sold 2,843 shares of Carter’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $108.38, for a total transaction of $308,124.34. The disclosure for this sale can be found here. Insiders sold a total of 19,883 shares of company stock worth $1,993,643 in the last ninety days. 3.20% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its stake in Carter’s by 3.4% in the 1st quarter. Wellington Management Group LLP now owns 4,921,377 shares of the textile maker’s stock valued at $496,026,000 after buying an additional 159,676 shares in the last quarter. BlackRock Inc. grew its stake in Carter’s by 1.6% in the 1st quarter. BlackRock Inc. now owns 4,137,856 shares of the textile maker’s stock valued at $417,055,000 after buying an additional 64,582 shares in the last quarter. Vanguard Group Inc grew its stake in Carter’s by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 3,875,314 shares of the textile maker’s stock valued at $382,106,000 after buying an additional 35,282 shares in the last quarter. Victory Capital Management Inc. grew its stake in Carter’s by 0.6% in the 1st quarter. Victory Capital Management Inc. now owns 2,558,943 shares of the textile maker’s stock valued at $257,915,000 after buying an additional 14,146 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Carter’s by 20.1% in the 4th quarter. Mackenzie Financial Corp now owns 1,348,554 shares of the textile maker’s stock valued at $110,069,000 after buying an additional 226,089 shares in the last quarter. Institutional investors and hedge funds own 95.82% of the company’s stock.

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About Carter’s (NYSE:CRI)

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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