Carter’s, Inc. (CRI) Given Average Rating of “Hold” by Brokerages

Carter’s, Inc. (NYSE:CRI) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $116.78.

Several brokerages have weighed in on CRI. Zacks Investment Research cut shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Wells Fargo & Co decreased their price target on shares of Carter’s from $126.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, October 22nd. Cowen reissued a “hold” rating and set a $104.00 price target on shares of Carter’s in a research note on Friday, July 27th. Macquarie set a $100.00 price target on shares of Carter’s and gave the company a “buy” rating in a research note on Friday. Finally, Monness Crespi & Hardt decreased their price target on shares of Carter’s from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday.

Carter’s stock traded up $2.67 during trading hours on Tuesday, hitting $99.16. 16,363 shares of the stock were exchanged, compared to its average volume of 1,192,663. The company has a current ratio of 3.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 1.67 and a beta of 0.50. Carter’s has a 12 month low of $88.98 and a 12 month high of $129.00.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, October 25th. The textile maker reported $1.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.12). The firm had revenue of $923.91 million for the quarter, compared to the consensus estimate of $940.87 million. Carter’s had a return on equity of 33.05% and a net margin of 8.44%. As a group, equities research analysts predict that Carter’s will post 6.05 EPS for the current year.

In related news, Director Jevin Eagle sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $109.10, for a total value of $545,500.00. Following the transaction, the director now directly owns 6,297 shares in the company, valued at $687,002.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Pulver acquired 7,500 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was acquired at an average price of $98.55 per share, for a total transaction of $739,125.00. Following the completion of the acquisition, the director now directly owns 63,517 shares of the company’s stock, valued at $6,259,600.35. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. acquired a new stake in Carter’s in the second quarter worth $54,012,000. Dimensional Fund Advisors LP raised its holdings in Carter’s by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 456,973 shares of the textile maker’s stock worth $49,536,000 after purchasing an additional 6,161 shares during the period. Epoch Investment Partners Inc. raised its holdings in Carter’s by 15.0% in the second quarter. Epoch Investment Partners Inc. now owns 325,820 shares of the textile maker’s stock worth $35,316,000 after purchasing an additional 42,611 shares during the period. Bank of America Corp DE raised its holdings in Carter’s by 3.3% in the second quarter. Bank of America Corp DE now owns 280,678 shares of the textile maker’s stock worth $30,422,000 after purchasing an additional 8,973 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in Carter’s by 7.5% in the first quarter. Allianz Asset Management GmbH now owns 276,460 shares of the textile maker’s stock worth $28,779,000 after purchasing an additional 19,249 shares during the period. Institutional investors and hedge funds own 95.57% of the company’s stock.

Carter’s Company Profile

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, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.

Recommended Story: Put Option

Analyst Recommendations for Carter`s (NYSE:CRI)

Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply