Oppenheimer Holdings, Inc. set a $112.00 target price on Carter’s, Inc. (NYSE:CRI) in a research note published on Thursday. The brokerage currently has a buy rating on the textile maker’s stock. Oppenheimer Holdings also issued estimates for Carter’s’ FY2017 earnings at $5.68 EPS, Q1 2018 earnings at $1.04 EPS, Q3 2018 earnings at $1.88 EPS, Q4 2018 earnings at $2.40 EPS and FY2018 earnings at $6.18 EPS.
A number of other brokerages have also recently weighed in on CRI. Zacks Investment Research upgraded Carter’s from a hold rating to a buy rating and set a $107.00 price objective for the company in a research note on Tuesday, September 26th. FBR & Co reiterated a buy rating and issued a $111.00 price objective on shares of Carter’s in a research note on Thursday. Cowen and Company set a $92.00 price objective on Carter’s and gave the company a hold rating in a research note on Monday, October 23rd. Bank of America Corporation started coverage on Carter’s in a research note on Friday, September 15th. They issued a buy rating and a $106.00 price objective for the company. Finally, Goldman Sachs Group, Inc. (The) started coverage on Carter’s in a research note on Tuesday, September 5th. They issued a buy rating and a $105.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $103.82.
Shares of Carter’s (NYSE CRI) traded down 0.13% during trading on Thursday, hitting $97.79. 660,243 shares of the company traded hands. Carter’s has a 52-week low of $77.94 and a 52-week high of $99.75. The stock has a market capitalization of $4.68 billion, a PE ratio of 19.18 and a beta of 0.34. The company has a 50-day moving average of $94.36 and a 200-day moving average of $89.39.
Carter’s (NYSE:CRI) last posted its earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.05. The firm had revenue of $948.23 million during the quarter, compared to analysts’ expectations of $950.64 million. Carter’s had a return on equity of 33.38% and a net margin of 7.69%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 earnings per share. Equities analysts expect that Carter’s will post $5.62 EPS for the current year.
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In related news, Director Paul Fulton sold 8,643 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $87.58, for a total transaction of $756,953.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas E. Whiddon sold 17,500 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $90.35, for a total value of $1,581,125.00. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new stake in Carter’s in the second quarter valued at $118,000. Advisory Services Network LLC acquired a new stake in Carter’s in the second quarter valued at $125,000. Mountain Capital Investment Advisors Inc acquired a new stake in Carter’s in the second quarter valued at $128,000. PNC Financial Services Group Inc. grew its holdings in Carter’s by 2.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock valued at $151,000 after purchasing an additional 35 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Carter’s by 7.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock valued at $156,000 after purchasing an additional 124 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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