Carter’s, Inc. (NYSE:CRI) has been assigned a $92.00 price objective by research analysts at Cowen and Company in a report released on Monday. The firm currently has a “hold” rating on the textile maker’s stock. Cowen and Company’s price target indicates a potential downside of 1.89% from the stock’s current price.

Several other brokerages have also issued reports on CRI. Zacks Investment Research upgraded shares of Carter’s from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Tuesday, September 26th. Bank of America Corporation assumed coverage on shares of Carter’s in a report on Friday, September 15th. They issued a “buy” rating and a $106.00 price objective on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Carter’s in a report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price objective on the stock. Macquarie assumed coverage on shares of Carter’s in a report on Tuesday, August 29th. They issued an “outperform” rating and a $110.00 price objective on the stock. Finally, BidaskClub lowered shares of Carter’s from a “hold” rating to a “sell” rating in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $103.45.

Shares of Carter’s (NYSE:CRI) traded up 0.87% during midday trading on Monday, hitting $93.77. 770,788 shares of the stock traded hands. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 18.39 and a beta of 0.34. The company’s 50 day moving average price is $93.86 and its 200-day moving average price is $89.19. Carter’s has a 12-month low of $77.94 and a 12-month high of $99.75.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.79 EPS for the quarter, topping the consensus estimate of $0.70 by $0.09. Carter’s had a return on equity of 33.18% and a net margin of 7.74%. The business had revenue of $692.10 million for the quarter, compared to analyst estimates of $681.08 million. During the same quarter in the previous year, the firm earned $0.72 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts expect that Carter’s will post $5.61 EPS for the current year.

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In other news, Director Thomas E. Whiddon sold 17,500 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $90.35, for a total transaction of $1,581,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Fulton sold 8,643 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $87.58, for a total value of $756,953.94. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. grew its position in shares of Carter’s by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,419 shares of the textile maker’s stock worth $482,000 after buying an additional 14 shares in the last quarter. Sawtooth Solutions LLC grew its position in shares of Carter’s by 1.2% during the second quarter. Sawtooth Solutions LLC now owns 2,632 shares of the textile maker’s stock worth $234,000 after buying an additional 31 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Carter’s by 2.1% during the second quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after buying an additional 35 shares in the last quarter. Advisor Group Inc. grew its position in shares of Carter’s by 2.3% during the second quarter. Advisor Group Inc. now owns 3,549 shares of the textile maker’s stock worth $315,000 after buying an additional 79 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of Carter’s by 3.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,714 shares of the textile maker’s stock worth $241,000 after buying an additional 99 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

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 owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.

Analyst Recommendations for Carter`s (NYSE:CRI)

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