Carter’s Inc. (CRI) Given Consensus Rating of “Hold” by Brokerages
Carter’s Inc. (NYSE:CRI) has been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $108.00.
A number of research analysts recently issued reports on the company. Zacks Investment Research lowered Carter’s from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Credit Agricole SA assumed coverage on Carter’s in a report on Wednesday, September 28th. They set an “underperform” rating and a $95.00 target price on the stock. Wells Fargo & Co. lowered Carter’s from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $111.00 to $93.00 in a report on Tuesday, September 27th. FBR & Co reaffirmed a “buy” rating and set a $111.00 target price on shares of Carter’s in a report on Friday, September 16th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $115.00 target price on shares of Carter’s in a report on Friday, September 9th.
In other Carter’s news, CFO Richard F. Westenberger sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $101.00, for a total transaction of $252,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.10% of the company’s stock.
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Large investors have recently made changes to their positions in the company. IFP Advisors Inc raised its stake in shares of Carter’s by 25.2% in the second quarter. IFP Advisors Inc now owns 989 shares of the company’s stock worth $105,000 after buying an additional 199 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Carter’s during the second quarter worth approximately $106,000. Genesee Valley Trust Co. acquired a new stake in shares of Carter’s during the second quarter worth approximately $223,000. Advisor Group Inc. acquired a new stake in shares of Carter’s during the second quarter worth approximately $224,000. Finally, Pacific Global Investment Management CO acquired a new stake in shares of Carter’s during the first quarter worth approximately $226,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.
Carter’s (NYSE:CRI) traded down 0.89% on Tuesday, hitting $87.63. 272,838 shares of the stock were exchanged. The company has a market cap of $4.39 billion, a PE ratio of 18.84 and a beta of 0.67. The company’s 50-day moving average is $94.00 and its 200-day moving average is $101.25. Carter’s has a 52 week low of $82.22 and a 52 week high of $112.58.
Carter’s (NYSE:CRI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. The company had revenue of $639 million for the quarter, compared to analyst estimates of $636.86 million. Carter’s had a return on equity of 29.33% and a net margin of 7.86%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. On average, analysts predict that Carter’s will post $5.07 earnings per share for the current year.
Carter’s Company Profile
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. Its international segment includes Company-operated retail stores, wholesale and online operations in addition to royalty income from its international licensees.
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