According to Zacks, “Carter’s, Inc. is a leading provider of apparel and related products exclusively for babies and young children. The Company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally and through Company-operated stores and on-line at carters.com and oshkoshbgosh.com. The Company’s Child of Mine brand is available at Walmart, and its Genuine Kids, Just One You, and Precious Firsts brands are available at Target. “
A number of other research firms also recently issued reports on CRI. Cowen and Company began coverage on shares of Carter’s in a research report on Wednesday, July 13th. They set a market perform rating and a $110.00 target price on the stock. Monness Crespi & Hardt upgraded shares of Carter’s from a neutral rating to a buy rating and set a $118.00 target price on the stock in a research report on Monday, August 8th. FBR & Co restated a buy rating and set a $111.00 target price on shares of Carter’s in a research report on Friday, September 16th. Citigroup Inc. cut their target price on shares of Carter’s from $108.00 to $106.00 and set a neutral rating on the stock in a research report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. restated an outperform rating and set a $115.00 target price on shares of Carter’s in a research report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $109.00.
Shares of Carter’s (NYSE:CRI) opened at 85.92 on Thursday. The company’s 50 day moving average is $92.00 and its 200 day moving average is $100.52. The firm has a market capitalization of $4.30 billion, a PE ratio of 18.47 and a beta of 0.66. Carter’s has a 12-month low of $82.22 and a 12-month high of $112.58.
Carter’s (NYSE:CRI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.06. The business had revenue of $639 million for the quarter, compared to the consensus estimate of $636.86 million. Carter’s had a net margin of 7.86% and a return on equity of 29.33%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. On average, analysts forecast that Carter’s will post $5.07 earnings per share for the current year.
In related news, CFO Richard F. Westenberger sold 2,500 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $101.00, for a total value of $252,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.10% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CRI. Aperio Group LLC boosted its position in shares of Carter’s by 15.1% in the first quarter. Aperio Group LLC now owns 7,238 shares of the company’s stock worth $763,000 after buying an additional 951 shares during the last quarter. CIBC World Markets Inc. bought a new position in shares of Carter’s during the first quarter worth approximately $284,000. Ngam Advisors L.P. boosted its position in shares of Carter’s by 11.8% in the first quarter. Ngam Advisors L.P. now owns 15,338 shares of the company’s stock worth $1,616,000 after buying an additional 1,613 shares during the last quarter. BlackRock Inc. boosted its position in shares of Carter’s by 93.7% in the first quarter. BlackRock Inc. now owns 43,074 shares of the company’s stock worth $4,539,000 after buying an additional 20,832 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in shares of Carter’s by 51.9% in the first quarter. BlackRock Group LTD now owns 76,519 shares of the company’s stock worth $8,063,000 after buying an additional 26,152 shares during the last quarter. Institutional investors own 90.71% of the company’s stock.
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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