Carter's (CRI) Earning Somewhat Favorable Media Coverage, Report Shows

News headlines about Carter's (NYSE:CRI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Carter's earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the textile maker an impact score of 46.7153614554194 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern’s scoring:

Carter's (CRI) traded up $1.40 on Tuesday, reaching $116.94. 236,887 shares of the company traded hands, compared to its average volume of 708,550. The firm has a market capitalization of $5,467.74, a PE ratio of 22.49, a PEG ratio of 2.26 and a beta of 0.37. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89. Carter's has a 1 year low of $77.94 and a 1 year high of $117.40.

Carter's (NYSE:CRI) last posted its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.05. The firm had revenue of $948.23 million for the quarter, compared to analysts’ expectations of $950.64 million. Carter's had a net margin of 7.69% and a return on equity of 33.38%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.61 earnings per share. sell-side analysts predict that Carter's will post 5.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.27%. Carter's’s dividend payout ratio (DPR) is 28.46%.

Several research analysts have recently weighed in on the stock. Citigroup upped their target price on shares of Carter's from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Carter's from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research note on Tuesday. Cowen set a $92.00 target price on shares of Carter's and gave the company a “hold” rating in a research note on Monday, October 23rd. Oppenheimer upped their target price on shares of Carter's from $112.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, December 18th. Finally, Goldman Sachs Group assumed coverage on shares of Carter's in a research note on Tuesday, September 5th. They issued a “buy” rating and a $105.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $110.77.

In other Carter's news, Director Paul Fulton sold 10,412 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $100.70, for a total transaction of $1,048,488.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Michael Dennis Casey sold 26,524 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $99.14, for a total transaction of $2,629,589.36. The disclosure for this sale can be found here. Insiders have sold 124,507 shares of company stock worth $12,861,396 over the last three months. 3.10% of the stock is owned by corporate insiders.

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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.

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

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