Shares of Carter’s Inc. (NYSE:CRI) have received a consensus rating of “Hold” from the ten analysts that are covering the firm. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $108.00.
A number of research analysts recently weighed in on CRI shares. Credit Agricole SA assumed coverage on shares of Carter’s in a research note on Wednesday, September 28th. They issued an “underperform” rating and a $95.00 price target on the stock. FBR & Co reissued a “buy” rating and issued a $111.00 target price on shares of Carter’s in a research note on Friday, September 16th. Zacks Investment Research lowered shares of Carter’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 29th. Wells Fargo & Co. lowered shares of Carter’s from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $111.00 to $93.00 in a research note on Tuesday, September 27th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $115.00 target price on shares of Carter’s in a research note on Friday, September 9th.
In other news, CFO Richard F. Westenberger sold 2,500 shares of Carter’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $101.00, for a total transaction of $252,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CRI. Aristotle Capital Boston LLC increased its stake in Carter’s by 3.7% in the second quarter. Aristotle Capital Boston LLC now owns 105,762 shares of the company’s stock valued at $11,260,000 after buying an additional 3,731 shares during the period. State Street Corp increased its stake in Carter’s by 1.2% in the first quarter. State Street Corp now owns 1,346,385 shares of the company’s stock valued at $141,885,000 after buying an additional 16,154 shares during the period. Geode Capital Management LLC increased its stake in Carter’s by 5.0% in the first quarter. Geode Capital Management LLC now owns 310,152 shares of the company’s stock valued at $32,683,000 after buying an additional 14,739 shares during the period. Ngam Advisors L.P. increased its stake in Carter’s by 11.8% in the first quarter. Ngam Advisors L.P. now owns 15,338 shares of the company’s stock valued at $1,616,000 after buying an additional 1,613 shares during the period. Finally, Emerald Acquisition Ltd. bought a new stake in Carter’s during the second quarter valued at $29,457,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.
Carter’s (NYSE:CRI) opened at 87.01 on Tuesday. The company has a 50-day moving average price of $92.64 and a 200 day moving average price of $100.84. Carter’s has a 52 week low of $82.22 and a 52 week high of $112.58. The company has a market cap of $4.36 billion, a PE ratio of 18.70 and a beta of 0.66.
Carter’s (NYSE:CRI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.06. The firm had revenue of $639 million for the quarter, compared to analyst estimates of $636.86 million. Carter’s had a net margin of 7.86% and a return on equity of 29.33%. Carter’s’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.73 EPS. On average, equities research analysts forecast that Carter’s will post $5.07 EPS for the current fiscal year.
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. Its international segment includes Company-operated retail stores, wholesale and online operations in addition to royalty income from its international licensees.
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