Carters Inc (NYSE:CRI) price on Friday, December 27, fall -2.56% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $54.43.
A look at the stock’s price movement, the close in the last trading session was $55.86, moving within a range at $54.36 and $55.5725. The beta value (5-Year monthly) was 1.246 while the PE ratio in trailing twelve months stood at 8.61. Turning to its 52-week performance, $88.03 and $50.27 were the 52-week high and 52-week low respectively. Overall, CRI moved -0.60% over the past month.
Carters Inc’s market cap currently stands at around $1.96 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 3.20, with its dividend yield at 5.88%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 834.3M for the company’s revenue for the quarter, with a low and high estimate of 825M and 850.2M respectively. The average forecast suggests down to a -2.75% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.82B, representing a -4.31% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CRI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend CRI as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Strong Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CRI’s current price about -1.87% and -2.69% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.27, while 7-day volatility ratio is 2.76% and 2.97% in the 30-day chart. Further, Carters Inc (CRI) has a beta value of 1.22, and an average true range (ATR) of 1.65. Analysts have given the company’s stock an average 52-week price target of $60, forecast between a low of $60 and high of $60. Looking at the price targets, the low is -10.23% off current price level while to achieve the yearly target high, price needs to move -10.23%. Nonetheless, investors will most likely welcome a -10.23% jump to $60 which is the analysts’ median price.
If we refocus on Carters Inc (NYSE:CRI), historical trading data shows that trading volumes averaged 1.76 over the past 10 days and 1.31 million over the past 3 months. The company’s latest data on shares outstanding shows there are 36.04 million shares.
The 3.04% of Carters Inc’s shares are in the hands of company insiders while institutional holders own 111.09% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.7 million on 2024-11-29, giving us a short ratio of 2.9. The data shows that as of 2024-11-29 short interest in Carters Inc (CRI) stood at 1052.99994 of shares outstanding, with shares short falling to 5.15 million registered in 2024-10-31. Current price change has pushed the stock -27.32% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CRI stock continues to rise going into the next quarter.
