Carters Inc (NYSE: CRI) stock fell -1.77% on Monday to $69.36 against a previous-day closing price of $70.61. With 0.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.68 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $70.90 whereas the lowest price it dropped to was $68.96. The 52-week range on CRI shows that it touched its highest point at $86.76 and its lowest point at $60.65 during that stretch. It currently has a 1-year price target of $68.71. With its current market cap of 2.55 billion, CRI has annualized dividend of $3.06 while the current yield stands at 4.41%. Beta for the stock currently stands at 1.29.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRI was up-trending over the past week, with a rise of 0.65%, but this was up by 3.43% over a month. Three-month performance dropped to -0.16% while six-month performance rose 8.02%. The stock lost -2.53% in the past year, while it has lost -7.04% so far this year. A look at the trailing 12-month EPS for CRI yields 5.48 with Next year EPS estimates of 6.25. For the next quarter, that number is 2.60. This implies an EPS growth rate of -12.37% for this year and 3.34% for next year. EPS is expected to decline by -1.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.32%.
Float and Shares Shorts:
At present, 37.69 million CRI shares are outstanding with a float of 35.79 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.2 million, which was 8.70% higher than short shares on Sep 28, 2023. In addition to Mr. Michael D. Casey as the firm’s Chairman & CEO, Mr. Brian J. Lynch serves as its President & COO.
Through their ownership of 114.14% of CRI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 65.34% of CRI, in contrast to 45.82% held by mutual funds. Shares owned by individuals account for 30.78%. As the largest shareholder in CRI with 9.81% of the stake, The Vanguard Group, Inc. holds 3,612,002 shares worth 3,612,002. A second-largest stockholder of CRI, BlackRock Fund Advisors, holds 2,999,228 shares, controlling over 8.15% of the firm’s shares. Shapiro Capital Management LLC is the third largest shareholder in CRI, holding 2,765,546 shares or 7.51% stake. With a 4.12% stake in CRI, the JPMorgan Mid Cap Value Fund is the largest stakeholder. A total of 1,518,157 shares are owned by the mutual fund manager. The Mackenzie US Mid Cap Growth Class, which owns about 3.54% of CRI stock, is the second-largest Mutual Fund holder. It holds 1,301,575 shares valued at 87.41 million. iShares Core S&P Mid Cap ETF holds 3.13% of the stake in CRI, owning 1,150,600 shares worth 77.27 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CRI analysts setting a high price target of $84.00 and a low target of $60.00, the average target price over the next 12 months is $68.71. Based on these targets, CRI could surge 21.11% to reach the target high and fall by -13.49% to reach the target low. Reaching the average price target will result in a decline of -0.94% from current levels.
Summary of Insider Activity:
Insiders traded CRI stock several times over the past three months with 2 Buys and 2 Sells. In these transactions, 34 shares were bought while 4,236 shares were sold. The number of buy transactions has increased to 48 while that of sell transactions has risen to 56 over the past year. The total number of shares bought during that period was 306,195 while 125,939 shares were sold.