Carter’s Upgraded to Outperform at Zacks (CRI)
Carter’s (NYSE:CRI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, AnalystRatingsNetwork reports. The firm currently has a $80.00 target price on the stock. Zacks‘ price objective suggests a potential upside of 4.66% from the stock’s previous close.
CRI has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. upgraded shares of Carter’s from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, October 1st. They now have a $89.00 price target on the stock, up previously from $77.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Carter’s in a research note to investors on Thursday, September 5th. They now have a $87.00 price target on the stock, up previously from $85.00. Finally, analysts at FBR & Co. upgraded shares of Carter’s from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Carter’s currently has a consensus rating of “Buy” and an average target price of $76.86.
Shares of Carter’s (NYSE:CRI) traded down 0.56% on Monday, hitting $76.44. 693,084 shares of the company’s stock traded hands. Carter’s has a one year low of $49.61 and a one year high of $77.79. The stock has a 50-day moving average of $73.83 and a 200-day moving average of $69.5. The company has a market cap of $4.528 billion and a P/E ratio of 27.29.
Carter’s (NYSE:CRI) last released its earnings data on Thursday, July 25th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $518.00 million for the quarter, compared to the consensus estimate of $520.31 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts expect that Carter’s will post $3.38 EPS for the current fiscal year.
Carter’s, Inc (NYSE:CRI) is a branded marketer of apparel for babies and young children in the United States.
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