Carters Inc [CRI] stock prices are up 3.35% to $63.90 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 4.96% over the last week, with a monthly amount drifted -10.05%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Carters Inc [NYSE: CRI] stock has seen the most recent analyst activity on February 26, 2024, when Monness Crespi & Hardt downgraded its rating to a Neutral. Previously, Wedbush downgraded its rating to Neutral on January 26, 2023, and kept the price target unchanged to $78. On May 23, 2022, downgrade downgraded it’s rating to Sell. BofA Securities downgraded its rating to a Underperform and decreased its price target to $82 on April 27, 2022. Wedbush upgraded its rating to a Outperform but $108 remained the price target by the analyst firm on March 07, 2022. Wedbush started tracking with a Neutral rating for this stock on October 05, 2021, and assigned it a price target of $99. In a note dated May 03, 2021, Monness Crespi & Hardt reiterated an Buy rating on this stock and boosted its target price from $100 to $120.
The stock price of Carters Inc [CRI] has been fluctuating between $54.74 and $88.03 over the past year. Currently, Wall Street analysts expect the stock to reach $72 within the next 12 months. Carters Inc [NYSE: CRI] shares were valued at $63.90 at the most recent close of the market. An investor can expect a potential return of 12.68% based on the average CRI price forecast.
Analyzing the CRI fundamentals
The Carters Inc [NYSE:CRI] reported sales of 2.88B for trailing twelve months, representing a drop of -5.96%. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.29 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.77.
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 62.09 points at the first support level, and at 60.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.07, and for the 2nd resistance point, it is at 66.23.
Ratios To Look Out For
It’s worth pointing out that Carters Inc [NYSE:CRI]’s Current Ratio is 2.09. Further, the Quick Ratio stands at 0.95, while the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 2.86 and price to earnings (TTM) ratio is 9.86.
Transactions by insiders
Recent insider trading involved Hipp Mark, Director, that happened on Mar 06 ’24 when 1875.0 shares were sold. EVP Global Marketing, Jenkins Jeff completed a deal on Mar 13 ’24 to sell 1060.0 shares. Meanwhile, Chairman and CEO CASEY MICHAEL DENNIS sold 89139.0 shares on Dec 14 ’23.
