Carter’s Inc. [CRI] stock prices are down -0.70% to $69.26 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CRI shares have gain 5.43% over the last week, with a monthly amount drifted -3.52%, and not seem to be holding up well over a long-time horizon.
On 7, September 2023, Carter’s, Inc. Announces Participation at the Goldman Sachs 30th Annual Global Retailing Conference. In a post published today on Yahoo Finance, Carter’s, Inc. (NYSE:CRI), the largest branded marketer in North America of apparel exclusively for babies and young children, announced today that the Company will participate in a fireside chat at the Goldman Sachs 30th Annual Global Retailing Conference in New York City on Tuesday, September 12, 2023, at 11:40 a.m. Eastern Daylight Time.
From an analyst’s perspective:
Carter’s Inc. [NYSE: CRI] stock has seen the most recent analyst activity on January 26, 2023, when Wedbush downgraded its rating to a Neutral but kept the price target unchanged to $78 for it.
The stock price of Carter’s Inc. [CRI] has been fluctuating between $60.65 and $86.76 over the past year. Currently, Wall Street analysts expect the stock to reach $70.14 within the next 12 months. Carter’s Inc. [NYSE: CRI] shares were valued at $69.26 at the most recent close of the market. An investor can expect a potential return of 1.27% based on the average CRI price forecast.
Analyzing the CRI fundamentals
The most recent quarter, Carter’s Inc. [NYSE:CRI] reported sales of 600.2 billion, representing a drop of -59.50%. In the same period, the company’s revenue per employee was $207,273, whereas its income per employee was $15,892. Gross Margin for this corporation currently stands at +45.83% with Operating Margin at +11.28%, Pretax Margin comes in at +9.86%, and Net Margin reading is +7.67%. To continue investigating profitability, this company’s Return on Assets is posted at 8.73, Equity is 28.21, Total Capital is 16.08, and Invested Capital is 11.68. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 59.72 and enduring liabilities to the whole assets at 48.40.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 68.91 points at the first support level, and at 68.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.91, and for the 2nd resistance point, it is at 70.56.
Carter’s Inc. [CRI] reported earnings per share of $0.64 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.54/share, meaning a difference of $0.1 and a surprise factor of 18.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.98 per share as compared to estimates of $0.59 per share, a difference of $0.39 representing a surprise of 66.10%.
Ratios To Look Out For
It’s worth pointing out that Carter’s Inc. [NYSE:CRI]’s Current Ratio is 2.00. Further, the Quick Ratio stands at 0.84, while the Cash Ratio is 0.40. Considering the valuation of this stock, the price to sales ratio is 0.90, the price to book ratio is 3.53 and the P/E (TTM) ratio is 12.89.
Transactions by insiders
Insider trading, which has resulted in 1 insider purchases of 2,000 shares and 4 insider sales of 3,991 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Jenkins Jeff, EVP Global Marketing, that happened on Aug 25 when 3513.0 shares were sold. SVP HR and Talent Development, Wilson Jill completed a deal on Aug 04 to sell 2000.0 shares. Meanwhile, Chairman and CEO CASEY MICHAEL DENNIS sold 3145.0 shares on Dec 27.