Today, the EVP, International of Carter’s (NYSE: CRI), Kevin Doyle Corning, sold shares of CRI for $378.8K.
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Based on Carter’s’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $756 million and quarterly net profit of $42.14 million. In comparison, last year the company earned revenue of $733 million and had a net profit of $46.29 million. CRI’s market cap is $5.12B and the company has a P/E ratio of 17.83. Currently, Carter’s has an average volume of 890.7K.
Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $120.50, reflecting a -8.0% downside.
The insider sentiment on Carter’s has been positive according to 65 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Carter’s, Inc. engages in the marketing of apparel for babies and young children. It operates through the following segments: U.S. Retail, U.S. Wholesale, and International. The U.S. retail segment consists of sales of products in retail stores and e-commerce sites. The U.S. Wholesale segment includes sales of its products to wholesale accounts.
