Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Carter’s (CRI) Stock Price

Media stories about Carter’s (NYSE:CRI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Carter’s earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the textile maker an impact score of 47.517986115142 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news articles that may have effected Accern Sentiment’s analysis:

CRI has been the subject of a number of recent analyst reports. Oppenheimer Holdings, Inc. set a $112.00 price target on Carter’s and gave the company a “buy” rating in a research report on Thursday, October 26th. FBR & Co reiterated a “buy” rating and issued a $111.00 price target on shares of Carter’s in a research report on Thursday, October 26th. Zacks Investment Research lowered Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. BidaskClub lowered Carter’s from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Bank of America Corporation initiated coverage on Carter’s in a research report on Friday, September 15th. They issued a “buy” rating and a $106.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $104.09.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.05. Carter’s had a return on equity of 33.38% and a net margin of 7.69%. The company had revenue of $948.23 million during the quarter, compared to the consensus estimate of $950.64 million. During the same period in the prior year, the company earned $1.61 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year.

In other Carter’s news, Director Thomas E. Whiddon sold 17,500 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $90.35, for a total value of $1,581,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Fulton sold 8,643 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $87.58, for a total value of $756,953.94. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Carter’s (CRI) Stock Price” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://sportsperspectives.com/2017/11/02/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-carters-cri-stock-price.html.

Carter’s Company Profile

Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.

Insider Buying and Selling by Quarter for Carter`s (NYSE:CRI)

Receive News & Ratings for Carter's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply