Carter’s, Inc. (NYSE:CRI) CEO Michael Dennis Casey Sells 17,287 Shares of Stock

Carter’s, Inc. (NYSE:CRIGet Rating) CEO Michael Dennis Casey sold 17,287 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $75.05, for a total value of $1,297,389.35. Following the completion of the transaction, the chief executive officer now owns 396,187 shares in the company, valued at $29,733,834.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, November 18th, Michael Dennis Casey sold 41,798 shares of Carter’s stock. The stock was sold at an average price of $75.00, for a total value of $3,134,850.00.

Carter’s Trading Down 0.2 %

Shares of CRI stock opened at $75.30 on Thursday. The stock has a market capitalization of $2.87 billion, a PE ratio of 11.46 and a beta of 1.25. Carter’s, Inc. has a 1-year low of $62.65 and a 1-year high of $107.96. The business has a 50-day moving average of $70.62 and a 200 day moving average of $74.78. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.40 and a quick ratio of 0.81.

Carter’s (NYSE:CRIGet Rating) last issued its earnings results on Friday, October 28th. The textile maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.02. The company had revenue of $818.60 million during the quarter, compared to analysts’ expectations of $853.63 million. Carter’s had a return on equity of 44.06% and a net margin of 7.94%. Carter’s’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.93 EPS. As a group, sell-side analysts anticipate that Carter’s, Inc. will post 6.39 earnings per share for the current year.

Carter’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Tuesday, November 29th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Monday, November 28th. Carter’s’s dividend payout ratio is presently 45.66%.

Institutional Investors Weigh In On Carter’s

Several institutional investors have recently bought and sold shares of the stock. Toroso Investments LLC purchased a new stake in Carter’s during the 3rd quarter valued at about $387,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Carter’s in the 3rd quarter worth approximately $5,276,000. Neo Ivy Capital Management purchased a new stake in Carter’s in the 3rd quarter worth approximately $159,000. Neuberger Berman Group LLC lifted its holdings in Carter’s by 23.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 4,324 shares of the textile maker’s stock worth $283,000 after buying an additional 831 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Carter’s by 6.1% in the 3rd quarter. Alliancebernstein L.P. now owns 1,791,678 shares of the textile maker’s stock worth $117,409,000 after buying an additional 103,413 shares during the period. 99.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CRI has been the topic of a number of research analyst reports. B. Riley decreased their target price on Carter’s to $99.00 in a research note on Tuesday, August 9th. Monness Crespi & Hardt cut their price objective on Carter’s to $84.00 in a report on Tuesday, November 1st. StockNews.com started coverage on Carter’s in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Evercore ISI cut their price objective on Carter’s to $80.00 in a report on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $86.00.

Carter’s Company Profile

(Get Rating)

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter's My First Love, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S.

Featured Stories

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