Carter's, Inc. (NYSE:CRI) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 2,040,000 shares, a decrease of 17.7% from the August 15th total of 2,480,000 shares. Based on an average daily trading volume, of 617,300 shares, the days-to-cover ratio is presently 3.3 days. Currently, 4.8% of the company's stock are sold short.
NYSE:CRI traded up $3.65 during trading on Wednesday, reaching $89.39. The company's stock had a trading volume of 825,933 shares, compared to its average volume of 622,063. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 15.55 and a beta of 1.24. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.73 and a current ratio of 2.69. The firm has a 50 day moving average of $81.31 and a 200-day moving average of $80.45. Carter's has a 12 month low of $60.17 and a 12 month high of $112.46.
Carter's (NYSE:CRI) last posted its quarterly earnings results on Friday, July 24th. The textile maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.79. The company had revenue of $514.90 million during the quarter, compared to the consensus estimate of $506.12 million. Carter's had a return on equity of 25.14% and a net margin of 3.57%. The firm's quarterly revenue was down 29.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 EPS. Equities research analysts forecast that Carter's will post 4.52 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of CRI. Private Advisor Group LLC purchased a new stake in shares of Carter's in the 2nd quarter valued at about $49,000. FinTrust Capital Advisors LLC raised its holdings in shares of Carter's by 106.5% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 640 shares of the textile maker's stock valued at $52,000 after acquiring an additional 330 shares in the last quarter. Jacobi Capital Management LLC increased its position in shares of Carter's by 34.5% during the 2nd quarter. Jacobi Capital Management LLC now owns 877 shares of the textile maker's stock valued at $71,000 after purchasing an additional 225 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Carter's by 700.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 953 shares of the textile maker's stock valued at $77,000 after purchasing an additional 834 shares during the last quarter. Finally, First Mercantile Trust Co. bought a new position in shares of Carter's during the 2nd quarter valued at about $91,000.
Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Carter's from a "hold" rating to a "sell" rating and set a $87.00 price target for the company. in a report on Tuesday, July 14th. Citigroup upped their price target on Carter's from $85.00 to $105.00 and gave the stock a "buy" rating in a report on Monday, July 27th. UBS Group upped their price target on Carter's from $86.00 to $92.00 and gave the stock a "neutral" rating in a report on Monday, July 27th. B. Riley upped their price target on Carter's from $103.00 to $100.00 in a report on Monday, July 27th. Finally, DA Davidson upped their price target on Carter's from $88.00 to $105.00 and gave the stock a "buy" rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of "Buy" and an average target price of $94.22.
Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.
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7 Tech Stocks To Buy On Sale
This too shall pass. Those four words should be taped to the computer screen of every investor. If you own shares of the tech sector, you’ve seen your portfolio take quite a hit. Tech stocks were largely immune from the effects of the pandemic.
However, as investors are looking to rebalance their portfolios, tech stocks were obvious targets for some profit-taking. And at the end of the day, that’s what I believe the latest tech selloff amounts to. Stocks don’t move in one direction all the time. Sure, there may be some saber-rattling about breaking up big tech. But with an election in less than two months, nobody will have the political will to do anything.
That doesn’t mean that it’s all going to be smooth sailing. Sure, the Federal Reserve did its part by promising low-interest rates until the end of time (or at least through 2023 whatever comes first). But the rest of 2020 is likely to be volatile for stocks.
First, there’s still the novel coronavirus hanging around. It’s not going to simply disappear after election day. That will take some combination of a vaccine and/or therapeutic. And all the likely candidates seem to be getting farther away the deeper into clinical trials they get.
And we have an election. But we are not likely to know the winner of the election on election night. In fact, for those who remember the spectacle of “hanging chads”, this election could make that one look like amateur hour.
The bottom line is there will be uncertainty. But there are always gains to be found, particularly now that their stock price has come down a little bit. Here are seven tech stocks that you can look to add or increase a position in now that they’re trading at a discount.
View the "7 Tech Stocks To Buy On Sale".