Carter’s Price Target Increased to $85.00 by Analysts at FBR Capital Markets (CRI)
Stock analysts at FBR Capital Markets lifted their price target on shares of Carter’s (NYSE:CRI) from $82.00 to $85.00 in a report issued on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ target price points to a potential upside of 17.00% from the company’s current price.
Separately, analysts at Stephens initiated coverage on shares of Carter’s in a research note to investors on Tuesday, November 19th. They set an “overweight” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $77.88.
Carter’s (NYSE:CRI) traded up 0.18% on Tuesday, hitting $72.65. 542,389 shares of the company’s stock traded hands. Carter’s has a 52 week low of $55.20 and a 52 week high of $77.79. The stock has a 50-day moving average of $70.70 and a 200-day moving average of $72.20. The company has a market cap of $3.961 billion and a price-to-earnings ratio of 25.96.
Carter’s (NYSE:CRI) last announced its earnings results on Thursday, October 24th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.08 by $0.04. The company had revenue of $760.20 million for the quarter, compared to the consensus estimate of $748.04 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts predict that Carter’s will post $3.37 earnings per share 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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