Monness Crespi & Hardt has recently reduced Carter’s Inc (CRI) stock to Neutral rating, as announced on February 26, 2024, according to Finviz. Earlier, on January 26, 2023, Wedbush had reduced the stock from a Outperform to Neutral, setting a price target of $78. Citigroup also reduced Sell rating. Additionally, BofA Securities reduced Underperform rating on April 27, 2022, with a target price of $82. Wedbush analysts, in their report published on March 7, 2022, also raised Outperform rating and set a price target of $108 for Carter’s Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Carter’s Inc (CRI) Stock Trading Recap
On Monday, Carter’s Inc (CRI) stock saw a decline, ending the day at $64.98 which represents a decrease of $-1.68 or -2.52% from the prior close of $66.66. The stock opened at $66.82 and touched a low of $64.54 during the day, reaching a high of $66.82. The volume of shares traded was 0.90 million falling short of the average volume of 1.15 million.
CRI Stock Performance and Moving Averages
In recent trading, Carter’s Inc (CRI) stock price has shown some volatility, fluctuating -2.02% over the last five trades and -1.53% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -24.09%, and it has gained 6.33% in the previous three months. Currently, CRI is trading at -4.66%, 0.22%, and -8.69% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CRI, a Consumer Cyclical sector stock, is trading -26.18% below its 52-week high but remains 18.71% above its 52-week low. The Average True Range (ATR) (14 days) of 1.88 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Carter’s Inc’s Profitability and Valuation Ratios
Carter’s Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 10.58% and a profit margin of 8.13%, with a gross margin of -24.09%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Carter’s Inc’s market capitalization stands at $2.35 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 10.02, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.89. Additionally, the Price-to-Sales Ratio is 0.82, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.9, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 3.01% of Carter’s Inc (CRI)’s shares, while financial institutions hold 119.46%.
Notable insider trades include Hipp Mark, Director at Carter’s Inc (CRI), who sold 1875 shares on Mar 06 ’24, at $81.74 each, totaling $0.15 million. On Dec 14 ’23, CASEY MICHAEL DENNIS, Chairman and CEO, sold 89139 shares for $75 each, amounting to $6.69 million. Additionally, on Dec 08 ’23, D’Emilio Julie sold 3400 shares at $72.5 each, generating $0.25 million.
