Insider Selling: Carter’s, Inc. (CRI) Director Sells 2,475 Shares of Stock

Carter’s, Inc. (NYSE:CRI) Director Amy Woods Brinkley sold 2,475 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $96.44, for a total transaction of $238,689.00. Following the completion of the sale, the director now directly owns 21,646 shares of the company’s stock, valued at approximately $2,087,540.24. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of CRI opened at $93.10 on Thursday. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.74 and a beta of 0.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.67 and a quick ratio of 1.49. Carter’s, Inc. has a twelve month low of $75.66 and a twelve month high of $118.22.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Monday, February 25th. The textile maker reported $2.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.56 by $0.28. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Carter’s had a net margin of 8.44% and a return on equity of 33.05%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.32 EPS. As a group, equities research analysts forecast that Carter’s, Inc. will post 6.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Tuesday, March 12th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 11th. This represents a $2.00 annualized dividend and a yield of 2.15%. This is a boost from Carter’s’s previous quarterly dividend of $0.45. Carter’s’s dividend payout ratio is presently 28.62%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cascade Investment Advisors Inc. boosted its position in Carter’s by 2.1% during the 4th quarter. Cascade Investment Advisors Inc. now owns 7,820 shares of the textile maker’s stock valued at $638,000 after buying an additional 160 shares during the period. GW&K Investment Management LLC raised its holdings in Carter’s by 31.2% in the 3rd quarter. GW&K Investment Management LLC now owns 233,418 shares of the textile maker’s stock worth $23,015,000 after purchasing an additional 55,529 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in Carter’s by 5.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 8,547 shares of the textile maker’s stock worth $843,000 after purchasing an additional 447 shares in the last quarter. Mackenzie Financial Corp raised its holdings 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 worth $110,069,000 after purchasing an additional 226,089 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Carter’s by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 465,604 shares of the textile maker’s stock worth $45,906,000 after purchasing an additional 8,631 shares in the last quarter. 95.82% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on CRI shares. ValuEngine cut shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Wells Fargo & Co cut their price objective on shares of Carter’s from $105.00 to $98.00 and set an “outperform” rating for the company in a research note on Wednesday, January 2nd. Zacks Investment Research cut shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. Finally, Citigroup upped their price objective on shares of Carter’s from $107.00 to $113.00 and gave the company a “buy” rating in a research note on Monday, December 3rd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $106.67.

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Carter’s Company Profile

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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Insider Buying and Selling by Quarter for Carter`s (NYSE:CRI)

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