News articles about Carter's (NYSE:CRI) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of 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 0.11 on Accern’s scale. Accern also assigned news coverage about the textile maker an impact score of 46.4506475439529 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Carter's (CRI) Downgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Carter’s, Inc. Announces Participation at the Bank of America Merrill Lynch 2018 Consumer & Retail Technology Conference (finance.yahoo.com)
- Carter's, Inc. (CRI) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- Brokerages Expect Carter's, Inc. (CRI) to Post $0.98 EPS (americanbankingnews.com)
Shares of Carter's (NYSE CRI) traded down $1.23 during trading hours on Wednesday, reaching $110.55. 380,545 shares of the company traded hands, compared to its average volume of 723,770. Carter's has a 12-month low of $79.76 and a 12-month high of $129.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.10 and a quick ratio of 1.43. The firm has a market cap of $5,265.75, a price-to-earnings ratio of 17.84, a P/E/G ratio of 1.73 and a beta of 0.35.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Monday, March 12th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, March 9th. This is a positive change from Carter's’s previous quarterly dividend of $0.37. This represents a $1.80 dividend on an annualized basis and a yield of 1.63%. Carter's’s payout ratio is currently 28.66%.
Carter's declared that its board has approved a share repurchase plan on Tuesday, February 27th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the textile maker to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
Several research firms have recently issued reports on CRI. Zacks Investment Research raised shares of Carter's from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research report on Tuesday, December 26th. Wells Fargo & Co raised shares of Carter's from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 25th. Citigroup lifted their price objective on shares of Carter's from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. ValuEngine raised shares of Carter's from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Oppenheimer lifted their price objective on shares of Carter's from $112.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. Carter's currently has a consensus rating of “Buy” and a consensus target price of $120.77.
In other Carter's news, EVP Greg Foglesong sold 6,000 shares of Carter's stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $117.98, for a total value of $707,880.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brian Lynch sold 26,500 shares of Carter's stock in a transaction on Monday, March 5th. The shares were sold at an average price of $116.12, for a total transaction of $3,077,180.00. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
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Carter's Company Profile
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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