November 29, 2016 - By Michael Collier
Michael Casey, Chairman and CEO of Carters Inc, in an insider selling trade unloaded some 20,700 shares whose worth is estimated to be $1,911,000 at average stock price of $92.3. He also sold 62,100 shares with value $5,605,441 USD in the last month. The sale was revealed in a SEC filing on November 29, 2016. That massive sell is sure to get people talking for the company. Michael Casey now owns 331,652 shares of Carters Inc.
Out of 8 analysts covering Carter’s (NYSE:CRI), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. $115 is the highest target while $95 is the lowest. The $107.50 average target is 14.11% above today’s ($94.21) stock price. Carter’s has been the topic of 10 analyst reports since August 31, 2015 according to StockzIntelligence Inc. Wells Fargo initiated the shares of CRI in a report on Thursday, October 22 with “Outperform” rating. As per Friday, April 29, the company rating was maintained by FBR Capital. CLSA initiated Carter’s, Inc. (NYSE:CRI) on Thursday, September 29 with “Underperform” rating. The firm has “Market Perform” rating given on Wednesday, July 13 by Cowen & Co. The rating was upgraded by Zacks on Monday, August 31 to “Hold”. Monness Crespi maintained the shares of CRI in a report on Friday, October 28 with “Buy” rating. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, September 27. Piper Jaffray downgraded Carter’s, Inc. (NYSE:CRI) on Wednesday, September 16 to “Neutral” rating. The rating was upgraded by Oppenheimer to “Outperform” on Monday, January 4. As per Thursday, December 17, the company rating was downgraded by Citigroup.
Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.17, from 0.87 in 2016Q1. The ratio is positive, as 41 funds sold all Carter’s, Inc. shares owned while 121 reduced positions. 25 funds bought stakes while 116 increased positions. They now own 43.89 million shares or 6.17% less from 46.77 million shares in 2016Q1.
Rs Mgmt Communications last reported 0.65% of its portfolio in the stock. Timessquare Mngmt Limited holds 342,200 shares or 0.24% of its portfolio. Signaturefd Ltd Liability Corporation accumulated 0% or 13 shares. Highbridge Cap Mgmt Limited Com holds 0.17% or 98,618 shares in its portfolio. Canada Pension Plan Board has invested 0% of its portfolio in Carter’s, Inc. (NYSE:CRI). Verition Fund Ltd Com last reported 0.05% of its portfolio in the stock. Atlantic Tru Group Inc Ltd has 108,178 shares for 0.08% of their US portfolio. Moreover, Credit Suisse Ag has 0.01% invested in Carter’s, Inc. (NYSE:CRI) for 68,168 shares. Fuller & Thaler Asset Mgmt Inc accumulated 300 shares or 0% of the stock. Da Davidson & has 1,736 shares for 0.01% of their US portfolio. Dimensional Fund Advisors Lp holds 0.02% or 337,357 shares in its portfolio. Hartford Invest Mngmt owns 33,543 shares or 0.08% of their US portfolio. The Massachusetts-based Northeast Inv Management has invested 0.44% in Carter’s, Inc. (NYSE:CRI). Winfield Assoc last reported 0% of its portfolio in the stock. Firstmerit Financial Bank N A Trustee owns 6,412 shares or 0.06% of their US portfolio.
Insider Transactions: Since August 10, 2016, the stock had 0 insider purchases, and 4 insider sales for $5.86 million net activity. $1.80M worth of Carter’s, Inc. (NYSE:CRI) was sold by CASEY MICHAEL DENNIS. $252,500 worth of Carter’s, Inc. (NYSE:CRI) shares were sold by Westenberger Richard F.
About 713,566 shares traded hands. Carter’s, Inc. (NYSE:CRI) has declined 11.13% since April 26, 2016 and is downtrending. It has underperformed by 16.39% the S&P500.
Carter’s, Inc. is a marketer of apparel for babies and young children in the United States and Canada. The company has a market cap of $4.68 billion. The Firm operates through five divisions: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. It has a 19.85 P/E ratio. The Company’s international segment includes Company-operated retail stores, wholesale and online activities in addition to royalty income from its international licensees.
According to Zacks Investment Research, “Carter’s, Inc. is a leading provider of apparel and related products exclusively for babies and young children. The Company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally and through Company-operated stores and on-line at carters.com and oshkoshbgosh.com. The Company’s Child of Mine brand is available at Walmart, and its Genuine Kids, Just One You, and Precious Firsts brands are available at Target.”
Analysts await Carter’s, Inc. (NYSE:CRI) to report earnings on February, 23. They expect $1.68 EPS, up 20.00% or $0.28 from last year’s $1.4 per share. CRI’s profit will be $83.46M for 14.02 P/E if the $1.68 EPS becomes a reality. After $1.61 actual EPS reported by Carter’s, Inc. for the previous quarter, Wall Street now forecasts 4.35% EPS growth.
Carter’s, Inc. (Carter’s), incorporated on September 30, 2003, is a marketer of apparel for babies and young children in the United States and Canada. The Firm operates through five divisions: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. The Company’s international segment includes Company-operated retail stores, wholesale and online activities in addition to royalty income from its international licensees. The Firm owns over two brand names in the children’s apparel industry: Carter’s and OshKosh B’gosh (OshKosh). The Firm offers various product categories, including baby, sleepwear, playclothes and related accessories.
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