Carter's (CRI) Coverage Initiated at SunTrust Banks

SunTrust Banks began coverage on shares of Carter's (NYSE:CRI) in a report published on Thursday morning, MarketBeat reports. The brokerage issued a hold rating and a $126.00 price objective on the textile maker’s stock.

A number of other equities analysts have also recently commented on CRI. B. Riley reaffirmed a buy rating on shares of Carter's in a research note on Wednesday, November 1st. Oppenheimer lifted their price target on Carter's from $112.00 to $125.00 and gave the stock an outperform rating in a research note on Monday, December 18th. Zacks Investment Research raised Carter's from a hold rating to a buy rating and set a $107.00 target price on the stock in a research note on Tuesday, September 26th. FBR & Co reissued a buy rating and set a $111.00 target price on shares of Carter's in a research note on Thursday, October 26th. Finally, Citigroup boosted 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $109.31.

Carter's (NYSE CRI) opened at $115.54 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.20 and a quick ratio of 1.34. The company has a market capitalization of $5,434.14, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 2.24 and a beta of 0.37. Carter's has a 12 month low of $77.94 and a 12 month high of $117.40.

Carter's (NYSE:CRI) last announced its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.05. The business had revenue of $948.23 million for the quarter, compared to analysts’ expectations of $950.64 million. Carter's had a return on equity of 43.14% and a net margin of 8.70%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 EPS. equities analysts predict that Carter's will post 5.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 20th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.48 annualized dividend and a dividend yield of 1.28%. Carter's’s dividend payout ratio (DPR) is presently 28.46%.

In related news, Chairman Michael Dennis Casey sold 26,524 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $99.14, for a total value of $2,629,589.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Julie D’emilio sold 3,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $108.25, for a total value of $324,750.00. The disclosure for this sale can be found here. Insiders have sold 124,507 shares of company stock worth $12,861,396 over the last three months. Insiders own 3.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. grew its stake in Carter's by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,419 shares of the textile maker’s stock worth $482,000 after purchasing an additional 14 shares during the period. Sawtooth Solutions LLC grew its stake in Carter's by 1.2% in the second quarter. Sawtooth Solutions LLC now owns 2,632 shares of the textile maker’s stock worth $234,000 after purchasing an additional 31 shares during the period. PNC Financial Services Group Inc. grew its stake 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 worth $151,000 after purchasing an additional 35 shares during the period. Advisor Group Inc. grew its stake in Carter's by 2.3% in the second quarter. Advisor Group Inc. now owns 3,549 shares of the textile maker’s stock worth $315,000 after purchasing an additional 79 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its stake in Carter's by 3.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,714 shares of the textile maker’s stock worth $241,000 after purchasing an additional 99 shares during the period. 98.67% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Carter's (NYSE:CRI)

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