Carters Inc (CRI): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Carter’s, Inc. Announces Participation at the BofA Securities 2024 Consumer and Retail Conference.

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Stocks Info

This NYSE-listed company operates within the Apparel Retail industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Carters Inc is $3.14B. A total of 2.87 million shares were traded on the day, compared to an average of 681.10K shares.

In the most recent transaction, Jenkins Jeff sold 1,060 shares of CRI for 86.00 per share on Mar 13 ’24. After the transaction, the EVP Global Marketing now owns 35,173 company shares. In a previous transaction on Dec 14 ’23, CASEY MICHAEL DENNIS sold 89,139 shares at 75.00 per share. CRI shares that Chairman and CEO owns now total 390,731.

Among the insiders who sold shares, D’Emilio Julie disposed of 3,400 shares on Dec 08 ’23 at a per-share price of $72.50. This resulted in the EVP, Sales holding 42,783 shares of CRI after the transaction. In another insider transaction, Pivar Ben sold 312 shares at $71.02 per share on Nov 17 ’23. Company shares held by the SVP, CIO now total 18,298.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Carters Inc pays an annual dividend of $3.05, resulting in a dividend yield of 3.55%, and it has a price to earnings (P/E) ratio of 13.72. CRI’s most recent ex-dividend date was 3/8/2024 when it declared a $0.80 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/8/2023 with an ex-dividend date of 11/27/2023. The CRI stock dividend was $0.75 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CRI has a high of $88.03 and a low of $60.65.

As of this writing, CRI has an earnings estimate of $0.75 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.98 per share and a lower estimate of $0.6. The company reported an EPS of $1.84 in the last quarter, which was 19.50% higher than expectations of $1.54.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CRI’s latest balance sheet shows that the firm has $984.29M in Cash & Short Term Investments as of fiscal 2021. There were $1.57B in debt and $717.23M in liabilities at the time. Its Book Value Per Share was $23.13, while its Total Shareholder’s Equity was $950.19M.

Analysts Opinion

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. 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 2.57.

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