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Friday, September 29, 2023

Investing In Carter’s Inc. (NYSE: CRI): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Carter’s Inc. (CRI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.47, or -0.69%, to $67.61. The Carter’s Inc. has recorded 8,538 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Carter’s, Inc. Announces Participation at the Goldman Sachs 30th Annual Global Retailing Conference.

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Stocks Info

The company is listed on the NYSE and operates within the Apparel Retail industry segment. At the end of the last regular session, the stock closed at $68.08 and fluctuated between $68.95 as its day high and $67.40 as its day low. The current market capitalization of Carter’s Inc. is $2.55B. A total of 0.62 million shares were traded on the day, compared to an average of 757.34K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CRI has seen 1 BUY and 4 SELL insider trades, representing the acquisition of 2,000 and the disposition of 3,991 shares. Over the last 12 months, there were 47 BUYs and 58 SELLs from insiders. Insiders purchased 318,276 shares during that period but sold 164,872.

In the most recent transaction, Jenkins Jeff sold 3,513 shares of CRI for 69.15 per share on Aug 25. After the transaction, the EVP Global Marketing now owns 33,166 company shares. In a previous transaction on Aug 04, Wilson Jill sold 2,000 shares at 74.88 per share. CRI shares that SVP HR and Talent Development owns now total 27,085.

Among the insiders who sold shares, CASEY MICHAEL DENNIS disposed of 3,145 shares on Dec 27 at a per-share price of $75.03. This resulted in the Chairman and CEO holding 380,162 shares of CRI after the transaction. In another insider transaction, CASEY MICHAEL DENNIS sold 25,380 shares at $75.01 per share on Dec 13. Company shares held by the Chairman and CEO now total 380,162.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Carter’s Inc. pays an annual dividend of $3.00, resulting in a dividend yield of 4.41%, and it has a price to earnings (P/E) ratio of 12.67. CRI’s most recent ex-dividend date was 8/29/2023 when it declared a $0.75 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/9/2023 with an ex-dividend date of 5/26/2023. The CRI stock dividend was $0.75 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CRI in the last 3 months, the mean price target is $70.14 with high estimates of $84.00 and low estimates of $62.00. In terms of 52-week highs and lows, CRI has a high of $86.76 and a low of $60.65.

As of this writing, CRI has an earnings estimate of $1.55 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.62 per share and a lower estimate of $1.49. The company reported an EPS of $0.98 in the last quarter, which was 66.10% higher than expectations of $0.59.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CRI’s latest balance sheet shows that the firm has $984.29M in Cash & Short Term Investments as of fiscal 2021. There were $1.58B in debt and $731.03M in liabilities at the time. Its Book Value Per Share was $21.05, while its Total Shareholder’s Equity was $950.19M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRI is Buy with a score of 2.25.

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