Carter’s Stock Rating Reaffirmed by Citigroup Inc. (CRI)
Carter’s (NYSE:CRI)‘s stock had its “buy” rating reiterated by research analysts at Citigroup Inc. in a report released on Tuesday. They currently have a $95.00 target price on the stock, up from their previous target price of $93.00. Citigroup Inc.’s target price indicates a potential upside of 14.22% from the company’s current price.
A number of other analysts have also recently weighed in 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 issued a buy rating to the company’s stock. Carter’s has an average rating of “Buy” and an average price target of $90.67.
Carter’s (NYSE:CRI) traded up 0.87% during mid-day trading on Tuesday, hitting $83.89. 132,945 shares of the company’s stock traded hands. Carter’s has a 52-week low of $64.19 and a 52-week high of $83.28. The stock’s 50-day moving average is $75.67 and its 200-day moving average is $73.59. The company has a market cap of $4.458 billion and a price-to-earnings ratio of 28.90.
Carter’s (NYSE:CRI) last announced its earnings results on Thursday, July 24th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts expect that Carter’s will post $3.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, August 28th.
Carter’s, Inc (NYSE:CRI) is a branded marketer of apparel for babies and young children in the United States.
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