Carter’s Sets New 12-Month High at $82.50 (CRI)
Carter’s (NYSE:CRI)’s share price reached a new 52-week high on Thursday , Analyst Ratings Network.com reports. The company traded as high as $82.50 and last traded at $81.97, with a volume of 227,669 shares. The stock had previously closed at $82.32.
A number of research firms have recently commented on CRI. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Carter’s in a research note on Tuesday, July 22nd. Analysts at Wells Fargo & Co. initiated coverage on shares of Carter’s in a research note on Friday, June 20th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $88.00.
The stock’s 50-day moving average is $74.77 and its 200-day moving average is $73.15. The company has a market cap of $4.388 billion and a P/E ratio of 28.60.
Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.01. The company had revenue of $574.10 million for the quarter, compared to the consensus estimate of $574.10 million. During the same quarter last year, the company posted $0.46 earnings per share. Carter’s’s revenue was up 10.9% compared to the same quarter last year. On average, analysts predict that Carter’s will post $3.90 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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