Carter’s Inc. (NYSE:CRI) saw an upside of 0.11% to close Friday at $71.52 after adding $0.08 on the day. The 5-day average trading volume is 520,420 shares of the company’s common stock. It has gained $73.62 in the past week and touched a new high 2 times within the past 5 days. An average of 730,735 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 797,822.
CRI’s 1-month performance is -4.91% or -$1.95 on its low of $70.84 reached on 08/18/23. The company’s shares have touched a 52-week low of $60.65 and high of $86.76, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, CRI has lost -4.14% or -$3.09 and has reached a new high 10 times. However, the current price is down -17.57% from the 52-week high price.
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Insider Transactions
CRI stock investors last saw insider trading activity on Aug 04.Wilson Jill (SVP HR and Talent Development) most recently sold 2,000 shares at $74.88 per share on Aug 04. This transaction cost the insider $149,760. Chairman and CEO, CASEY MICHAEL DENNIS, sold 3,145 shares at a price of $75.03 on Dec 27. Then, on Dec 13, Chairman and CEO CASEY MICHAEL DENNIS sold 25,380 shares at a price of $75.01 per share. This transaction amounted to $1,903,781.
Valuation Metrics
CRI stock has a beta of 1.27. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.88 while the price-to-book (PB) in the most recent quarter is 3.40, with the price to cash flow ratio at 7.81.
Carter’s Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 2.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.64, while the total debt to equity was 0.64. In terms of profitability, the gross margin trailing 12 months is 45.80%. The trailing 12-month EBITDA margin is 13.31% while for the period ending June 29, Carter’s Inc.’s operating margin was 9.70%. The firm’s gross profit as reported stood at $1.47 billion against revenue of $3.21 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -54.88% to $23.87 million, while revenue of $36.0 million was -50.82% off the previous quarter. Analysts expected CRI to announce $0.54 per share in earnings in its latest quarter, but it posted $0.64, representing a 18.50% surprise. EBITDA for the quarter stood at more than $54.75 million. CRI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.51 billion, with total debt at $1.06 billion. Shareholders hold equity totaling $37.26 million.
Let’s look briefly at Carter’s Inc. (CRI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 37.18% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.19%.
The stock’s 5-day moving average is $71.91, reflecting a -2.52% or -$1.85 change from its current price. CRI is currently trading -4.68% above its 20-day SMA, +2.68% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.08% and SMA200 by+5.38%.
Stochastic %K and %D was 9.09% and 8.93% and the average true range (ATR) pointed at 1.80. The RSI (14) points at 43.11%, while the 14-day stochastic is at 11.04% with the period’s ATR at 1.85. The stock’s 9-day MACD Oscillator is pointing at -1.01 and -1.84 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Carter’s Inc. (NYSE: CRI), Wedbush downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for CRI stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate CRI as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.
What is CRI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $62.00 and a high of $84.00, with their median price target at $70.00. Looking at these predictions, the average price target given by analysts is for Carter’s Inc. (CRI) stock is $70.14.
