According to data from Bloomberg Ratings, all ten research firms following Carter’s, Inc. (NYSE: CRI) have provided the company’s stock with a rating of “Hold” as a recommendation for the company. Two market analysts have suggested that investors sell the company’s stock, three have suggested that investors maintain their current holdings of the stock, and one analyst has suggested that investors buy the shares. Analysts throughout the past year have covered the stock and forecast it will reach an average price of $86,000.00 within the next year. This price represents the analysts’ average target price for the stock.
During the most recent period, several research analysts have issued statements about the stock. Monness Crespi & Hardt announced in a research note released on Tuesday, November 1, that they had lowered their price objective on Carter’s stock to $85.00. The previous price objective was $90.00. The coverage of Carter’s shares was initiated by StockNews.com on October 12, within a research note released that day. They advised their clients to “hold” the stock moving forward.
In other news, on Friday, December 9, Executive Vice President Julie D’Emilio sold 5,000 shares of the company’s stock. This transaction took place. A total of 363 850 dollars worth of the company’s stock was traded for $72.77 per share, making the total amount transacted $363 850 dollars. Following the completion of the transaction, the executive vice president has obtained a direct ownership interest in 33,761 shares of the company’s stock, which are currently estimated to have a value of approximately $2,456,787.97. You will be taken to the legal file presented to the Securities and Exchange Commission if you click the link. In this file, the transaction is described in greater detail. On Tuesday, December 27, Chief Executive Officer Michael Dennis Casey sold 3,145 shares of company stock. This is related to the news that was previously mentioned. The total amount of money obtained from the sale of the shares was $235,969.35, and the price paid for each share, on average, was $75.03. As a direct result of the transaction, the chief executive officer now owns 380,162 shares. The total value of these shares is approximately $28,523,554.86. On the Securities and Exchange Commission (SEC) website, you can currently access the information submitted to the SEC in connection with the sale. Additionally, on Friday, December 9, Julie D’Emilio, the company’s Executive Vice President, sold 5,000 of the company’s shares of stock. As a result of the sale of stock completed for a total amount of $363,850.00 at an average price of $72.77, the executive vice president now owns 33,761 shares in the company. These shares have an approximate value of $2,456,787.97 as a direct result of the transaction that resulted in their sale. Disclosures that are related to the sale might be found in this section of the website. Over the past three months, company insiders have transacted the sale of 92,610 shares of company stock, bringing in a total of $6,935,813 due to their efforts. 3.60 company insiders own a percent of the total shares currently outstanding.
Over the most recent few months, there has been a shift in the percentage of hedge funds and other institutional investors’ holdings in the company’s stock. The addition of Carter’s, purchased for approximately $26,000 by Lazard Asset Management LLC during the second quarter, brought the total value of the company’s holdings to a higher level. The percentage of Carter’s stock that Ronald Blue Trust Inc. owned increased by 331.9 during the third quarter. As a result of the purchase of an additional 312 shares over the past three months, Ronald Blue Trust Inc. now holds a total of 406 shares of stock in the textile company, which have a value of $29,000. These shares were acquired due to the purchase of additional shares during the past three months. A total investment of approximately $33,000 was made in Carter’s by ACG Wealth during the period that corresponds to the second quarter. The amount of Carter’s stock that Parkside Financial Bank & Trust owned at the beginning of the year increased by 159.4% over the first three months. As a result of the purchase of 255 additional shares during the most recent quarter, Parkside Financial Bank & Trust now owns 415 shares in the textile company. These shares are currently valued at $38,000 thanks to the recent acquisition of additional shares. And finally, during the second quarter, Fifth Third Bancorp increased the amount of Carter’s stock it owns by 20.3%, bringing its total percentage to 100%. Fifth Third Bancorp increased its holdings in the stock of the textile firm during the most r
