Carters Inc (NYSE: CRI) is -28.28% lower on its value in year-to-date trading and has touched a low of $50.27 and a high of $88.03 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CRI stock was last observed hovering at around $52.42 in the last trading session, with the day’s gains setting it 1.29%.
Currently trading at $53.71, the stock is -6.95% and -14.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 2.46% at the moment leaves the stock -21.93% off its SMA200. CRI registered -22.06% loss for a year compared to 6-month loss of -22.29%. The firm has a 50-day simple moving average (SMA 50) of $62.9086 and a 200-day simple moving average (SMA200) of $68.7959.
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The stock witnessed a -18.72% gain in the last 1 month and extending the period to 3 months gives it a -15.67%, and is 2.09% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.93% over the week and 3.51% over the month.
Carters Inc (CRI) has around 15230 employees, a market worth around $1.94B and $2.84B in sales. Current P/E ratio is 8.50 and Fwd P/E is 10.64. Profit margin for the company is 7.95%. Distance from 52-week low is 6.84% and -38.99% from its 52-week high. The company has generated returns on investments over the last 12 months (12.47%).
The EPS is expected to shrink by -14.92% this year
456.0 institutions hold shares in Carters Inc (CRI), with institutional investors hold 122.02% of the company’s shares. The shares outstanding are 36.55M, and float is at 34.95M with Short Float at 14.73%. Institutions hold 118.71% of the Float.
The top institutional shareholder in the company is JPMORGAN CHASE & CO with over 4.08 million shares valued at $253.12 million. The investor’s holdings represent 11.4448 of the CRI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.56 million shares valued at $220.31 million to account for 9.9615 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.24 million shares representing 9.0769 and valued at over $200.75 million, while FULLER & THALER ASSET MANAGEMENT, INC. holds 6.972 of the shares totaling 2.49 million with a market value of $154.19 million.
Carters Inc (CRI) Insider Activity
The most recent transaction is an insider sale by Hipp Mark, the company’s Director. SEC filings show that Hipp Mark sold 1,875 shares of the company’s common stock on Mar 06 ’24 at a price of $81.74 per share for a total of $0.15 million. Following the sale, the insider now owns 10216.0 shares.
Carters Inc disclosed in a document filed with the SEC on Mar 13 ’24 that Jenkins Jeff (EVP Global Marketing) sold a total of 1,060 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $86.00 per share for $91160.0. Following the transaction, the insider now directly holds 35173.0 shares of the CRI stock.
Still, SEC filings show that on Dec 14 ’23, CASEY MICHAEL DENNIS (Chairman and CEO) disposed off 89,139 shares at an average price of $75.00 for $6.69 million. The insider now directly holds 390,731 shares of Carters Inc (CRI).
