Carter’s (CRI) Earns Coverage Optimism Score of 0.01

Media headlines about Carter’s (NYSE:CRI) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Carter’s earned a news sentiment score of 0.01 on Accern’s scale. Accern also gave news stories about the textile maker an impact score of 46.3520046160814 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Carter’s opened at $109.67 on Friday, according to Carter’s has a 52-week low of $109.13 and a 52-week high of $110.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.02 and a current ratio of 4.14. The firm has a market capitalization of $5.06 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.82 and a beta of 0.42.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Thursday, April 26th. The textile maker reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.11. Carter’s had a return on equity of 35.09% and a net margin of 8.72%. The company had revenue of $755.79 million for the quarter, compared to analyst estimates of $744.23 million. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 EPS. equities research analysts expect that Carter’s will post 6.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Tuesday, May 29th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.64%. Carter’s’s dividend payout ratio is currently 31.25%.

Carter’s announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 27th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the textile maker to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Several brokerages have weighed in on CRI. ValuEngine raised Carter’s from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research cut Carter’s from a “hold” rating to a “sell” rating in a report on Tuesday, May 1st. Monness Crespi & Hardt reiterated a “buy” rating and issued a $130.00 price target (down previously from $137.00) on shares of Carter’s in a research note on Monday, April 30th. SunTrust Banks reiterated a “hold” rating and issued a $111.00 price target on shares of Carter’s in a research note on Friday, April 27th. They noted that the move was a valuation call. Finally, Cowen set a $109.00 price target on Carter’s and gave the company a “hold” rating in a research note on Tuesday, April 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. Carter’s currently has an average rating of “Buy” and an average price target of $121.50.

In other news, Director David Pulver acquired 3,000 shares of Carter’s stock in a transaction that occurred on Tuesday, May 1st. The shares were acquired at an average price of $100.32 per share, for a total transaction of $300,960.00. Following the transaction, the director now directly owns 55,664 shares of the company’s stock, valued at approximately $5,584,212.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Lynch sold 26,500 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $116.12, for a total value of $3,077,180.00. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

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.

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

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