ValuEngine Downgrades Carter’s (NYSE:CRI) to Sell

ValuEngine downgraded shares of Carter’s (NYSE:CRI) from a hold rating to a sell rating in a report issued on Thursday, ValuEngine reports.

Other equities analysts have also recently issued reports about the company. Citigroup restated a buy rating and set a $13.00 price objective on shares of Encana in a research note on Monday, March 18th. Zacks Investment Research cut GasLog Partners LP Unit from a hold rating to a strong sell rating in a research note on Tuesday, April 2nd. Deutsche Bank started coverage on Carter’s in a research note on Tuesday, April 16th. They set a hold rating and a $99.00 price objective on the stock. TheStreet upgraded Valmont Industries from a c+ rating to a b- rating in a research note on Wednesday, March 13th. Finally, DA Davidson dropped their price objective on Carter’s to $91.00 and set an average rating on the stock in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $104.56.

Shares of NYSE:CRI opened at $93.59 on Thursday. The company has a current ratio of 2.68, a quick ratio of 1.25 and a debt-to-equity ratio of 0.74. The company’s fifty day moving average is $92.71. Carter’s has a 1-year low of $75.66 and a 1-year high of $118.22. The company has a market cap of $4.23 billion, a PE ratio of 14.88, a PEG ratio of 1.83 and a beta of 0.90.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Tuesday, April 30th. The textile maker reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. Carter’s had a return on equity of 33.91% and a net margin of 7.95%. The business had revenue of $741.06 million for the quarter, compared to analysts’ expectations of $724.08 million. During the same period last year, the business earned $1.09 EPS. The business’s revenue was down 1.9% on a year-over-year basis. Equities research analysts forecast that Carter’s will post 6.64 earnings per share for the current year.

In other news, EVP Kendra Krugman sold 500 shares of Carter’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $108.44, for a total transaction of $54,220.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jill Wilson sold 2,843 shares of Carter’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $108.38, for a total value of $308,124.34. The disclosure for this sale can be found here. Insiders have sold a total of 7,223 shares of company stock worth $774,982 over the last quarter. Company insiders own 3.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRI. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Carter’s in the 1st quarter worth about $124,393,000. Norges Bank purchased a new stake in Carter’s in the 4th quarter worth about $53,891,000. FMR LLC increased its holdings in Carter’s by 42.6% in the 4th quarter. FMR LLC now owns 1,049,605 shares of the textile maker’s stock worth $85,669,000 after acquiring an additional 313,801 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Carter’s by 202.7% in the 1st quarter. Lazard Asset Management LLC now owns 361,623 shares of the textile maker’s stock worth $36,447,000 after acquiring an additional 242,155 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Carter’s in the 4th quarter worth about $18,602,000. Institutional investors own 95.74% of the company’s stock.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Carter`s (NYSE:CRI)

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