Carter’s, Inc. (NYSE:CRI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Carter’s, Inc. is a leading provider of apparel and related products exclusively for babies and young children. The Company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally and through Company-operated stores and on-line at carters.com and oshkoshbgosh.com. The Company’s Child of Mine brand is available at Walmart, and its Genuine Kids, Just One You, and Precious Firsts brands are available at Target. “

Other equities research analysts have also recently issued reports about the stock. FBR & Co reiterated a “buy” rating and set a $111.00 price objective on shares of Carter’s in a research report on Thursday, October 26th. Citigroup Inc. increased their price objective on shares of Carter’s from $108.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday. BidaskClub cut shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Bank of America Corp began coverage on shares of Carter’s in a research report on Friday, September 15th. They set a “buy” rating and a $106.00 price objective for the company. Finally, Cowen and Company set a $92.00 price objective on shares of Carter’s and gave the stock a “hold” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $104.09.

Shares of Carter’s (NYSE:CRI) traded down 0.62% during trading on Tuesday, hitting $96.73. 558,968 shares of the stock were exchanged. The stock has a market cap of $4.63 billion, a P/E ratio of 18.97 and a beta of 0.34. The firm’s 50 day moving average price is $94.57 and its 200-day moving average price is $89.45. Carter’s has a 52 week low of $77.94 and a 52 week high of $99.75.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.05. Carter’s had a net margin of 7.69% and a return on equity of 33.38%. The company had revenue of $948.23 million during the quarter, compared to analysts’ expectations of $950.64 million. During the same period in the prior year, the company posted $1.61 earnings per share. Carter’s’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts predict that Carter’s will post $5.63 EPS for the current year.

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In other Carter’s news, Director Thomas E. Whiddon sold 17,500 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $90.35, for a total value of $1,581,125.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul Fulton sold 8,643 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $87.58, for a total transaction of $756,953.94. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC lifted its stake in shares of Carter’s by 1,428.4% in the second quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock valued at $203,638,000 after buying an additional 2,139,567 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Carter’s by 137.8% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 539,046 shares of the textile maker’s stock valued at $47,948,000 after buying an additional 312,412 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Carter’s by 30.8% in the second quarter. Legal & General Group Plc now owns 44,331 shares of the textile maker’s stock valued at $3,943,000 after buying an additional 10,430 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Carter’s by 77.6% in the second quarter. First Trust Advisors LP now owns 61,179 shares of the textile maker’s stock valued at $5,442,000 after buying an additional 26,723 shares in the last quarter. Finally, Stevens Capital Management LP lifted its stake in shares of Carter’s by 5.7% in the second quarter. Stevens Capital Management LP now owns 75,281 shares of the textile maker’s stock valued at $6,696,000 after buying an additional 4,030 shares in the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

About Carter’s

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.

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Analyst Recommendations for Carter`s (NYSE:CRI)

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