News articles about Carter’s (NYSE:CRI) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Carter’s earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the textile maker an impact score of 71 out of 100, meaning that recent media coverage is likely to have an effect on the stock’s share price in the immediate future.
Shares of Carter’s (NYSE CRI) traded up 0.862% during trading on Wednesday, hitting $86.045. 116,599 shares of the company’s stock were exchanged. The stock has a market cap of $4.16 billion, a PE ratio of 17.182 and a beta of 0.33. Carter’s has a 1-year low of $77.94 and a 1-year high of $112.58. The stock’s 50-day moving average price is $85.76 and its 200-day moving average price is $87.39.
Carter’s (NYSE:CRI) last posted its earnings results on Thursday, April 27th. The textile maker reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.13. The firm had revenue of $732.80 million during the quarter, compared to analysts’ expectations of $713.98 million. Carter’s had a net margin of 7.82% and a return on equity of 32.77%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 earnings per share. On average, equities analysts expect that Carter’s will post $5.62 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Tuesday, May 30th were issued a $0.37 dividend. The ex-dividend date was Thursday, May 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.73%. Carter’s’s dividend payout ratio (DPR) is presently 29.48%.
Several equities research analysts have commented on CRI shares. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $105.00 price target on shares of Carter’s in a research note on Wednesday, April 26th. Zacks Investment Research upgraded shares of Carter’s from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a report on Friday, April 28th. CL King restated a “hold” rating on shares of Carter’s in a report on Thursday, June 8th. FBR & Co set a $111.00 target price on shares of Carter’s and gave the stock a “buy” rating in a report on Friday, June 16th. Finally, BidaskClub upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Carter’s presently has an average rating of “Hold” and an average price target of $102.55.
In related news, CFO Richard F. Westenberger sold 3,150 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $93.13, for a total value of $293,359.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Pulver acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was acquired at an average price of $80.10 per share, with a total value of $80,100.00. Following the acquisition, the director now owns 54,331 shares in the company, valued at $4,351,913.10. The disclosure for this purchase can be found here. 3.10% of the stock is owned by company insiders.
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.
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