Carter's (CRI) Hits New Lifetime High Today
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Carter's as such a stock due to the following factors:
- CRI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $50.1 million.
- CRI has traded 1,761 shares today.
- CRI is trading at a new lifetime high.
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More details on CRI:
Carter's, Inc. and its subsidiaries design, source, and market branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, OshKosh, and other brands. The stock currently has a dividend yield of 1.2%. CRI has a PE ratio of 23. Currently there are 4 analysts that rate Carter's a buy, no analysts rate it a sell, and 2 rate it a hold.
The average volume for Carter's has been 501,500 shares per day over the past 30 days. Carter's has a market cap of $5.6 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 0.22 and a short float of 2.1% with 2.24 days to cover. Shares are up 23.3% year-to-date as of the close of trading on Tuesday.
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Analysis:
rates Carter's as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, notable return on equity and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
Highlights from the ratings report include:
- CARTER'S INC has improved earnings per share by 10.6% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CARTER'S INC increased its bottom line by earning $4.52 versus $3.63 in the prior year. This year, the market expects an improvement in earnings ($5.14 versus $4.52).
- The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Textiles, Apparel & Luxury Goods industry average. The net income increased by 8.4% when compared to the same quarter one year prior, going from $49.79 million to $53.98 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 6.9%. Since the same quarter one year prior, revenues slightly increased by 5.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Textiles, Apparel & Luxury Goods industry and the overall market, CARTER'S INC's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
- Net operating cash flow has increased to $128.28 million or 47.07% when compared to the same quarter last year. In addition, CARTER'S INC has also vastly surpassed the industry average cash flow growth rate of -101.01%.
- You can view the full Carter's Ratings Report.
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