Shares of Carter’s, Inc. (NYSE:CRI) have been assigned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $103.50.
Several research analysts recently weighed in on the company. FBR & Co reaffirmed a “buy” rating and set a $111.00 target price on shares of Carter’s in a research note on Thursday, October 26th. BidaskClub cut Carter’s from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Citigroup Inc. raised their target price on Carter’s from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research raised Carter’s from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Tuesday, September 26th. Finally, Bank of America Corporation assumed coverage on Carter’s in a research note on Friday, September 15th. They set a “buy” rating and a $106.00 target price for the company.
In related news, Director Paul Fulton sold 8,643 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $87.58, for a total value of $756,953.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CRI. Janus Henderson Group PLC boosted its position in shares of Carter’s by 1,216.2% in the 2nd quarter. Janus Henderson Group PLC now owns 3,399,870 shares of the textile maker’s stock valued at $302,418,000 after purchasing an additional 3,141,568 shares during the period. Lazard Asset Management LLC boosted its position in shares of Carter’s by 1,428.4% in the 2nd quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock valued at $203,638,000 after purchasing an additional 2,139,567 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Carter’s by 137.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 539,046 shares of the textile maker’s stock valued at $47,948,000 after purchasing an additional 312,412 shares during the period. Chilton Investment Co. LLC acquired a new position in shares of Carter’s in the 2nd quarter valued at $22,229,000. Finally, Old Mutual Global Investors UK Ltd. boosted its position in shares of Carter’s by 64.6% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 510,645 shares of the textile maker’s stock valued at $45,421,000 after purchasing an additional 200,468 shares during the period. Institutional investors and hedge funds own 98.40% of the company’s stock.
Carter’s (NYSE CRI) opened at $97.98 on Monday. The firm has a market cap of $4,636.74, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 1.91 and a beta of 0.33. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89.
Carter’s (NYSE:CRI) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Carter’s had a return on equity of 33.38% and a net margin of 7.69%. The company had revenue of $948.23 million for the quarter, compared to analyst estimates of $950.64 million. During the same period last year, the company earned $1.61 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. research analysts anticipate that Carter’s will post 5.64 EPS for the current fiscal year.
Carter’s Company Profile
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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