Carter's, Inc. (CRI) Given Average Rating of “Buy” by Brokerages

Carter's, Inc. (NYSE:CRI) has earned a consensus recommendation of “Buy” from the fifteen analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $109.25.

Several equities research analysts recently issued reports on CRI shares. Macquarie started coverage on Carter's in a research note on Tuesday, August 29th. They issued an “outperform” rating and a $110.00 price target for the company. Goldman Sachs Group started coverage on Carter's in a research note on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price target for the company. Bank of America started coverage on Carter's in a research note on Friday, September 15th. They issued a “buy” rating and a $106.00 price target for the company. Zacks Investment Research upgraded Carter's from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Tuesday, September 26th. Finally, Cowen set a $92.00 price target on Carter's and gave the company a “hold” rating in a research note on Monday, October 23rd.

Shares of Carter's (NYSE:CRI) opened at $115.54 on Tuesday. Carter's has a 1-year low of $77.94 and a 1-year high of $117.40. The stock has a market capitalization of $5,467.74, a P/E ratio of 22.22, a PEG ratio of 2.26 and a beta of 0.37. The company has a current ratio of 3.20, a quick ratio of 1.34 and a debt-to-equity ratio of 0.89.

Carter's (NYSE:CRI) last issued its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. The company 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 business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.61 earnings per share. equities research analysts expect that Carter's will post 5.64 EPS for the current year.

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

In other Carter's news, CFO Richard F. Westenberger sold 5,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $105.02, for a total transaction of $525,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 valued at $12,861,396 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sawtooth Solutions LLC lifted its stake in Carter's by 1.2% during 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 last quarter. PNC Financial Services Group Inc. lifted its stake in Carter's by 2.1% during 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 last quarter. Advisor Group Inc. lifted its stake in Carter's by 2.3% during 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 last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Carter's by 3.8% during 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 last quarter. Finally, Comerica Bank lifted its stake in Carter's by 0.3% during the second quarter. Comerica Bank now owns 40,698 shares of the textile maker’s stock worth $3,576,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 98.67% of the company’s stock.

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About Carter's

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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