Carter's, Inc. (CRI) Given Consensus Recommendation of “Buy” by Brokerages

Carter's, Inc. (NYSE:CRI) has earned a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $104.80.

Several equities research analysts have weighed in on the stock. Citigroup increased their target price on shares of Carter's from $108.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of Carter's from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Monday, October 30th. Cowen set a $92.00 price target on shares of Carter's and gave the company a “hold” rating in a research note on Monday, October 23rd. BidaskClub cut shares of Carter's from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Goldman Sachs Group began coverage on shares of Carter's in a research note on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price target for the company.

In other news, Chairman Michael Dennis Casey sold 26,524 shares of Carter's stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $99.14, for a total value of $2,629,589.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Richard F. Westenberger sold 5,000 shares of Carter's stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $105.02, for a total value of $525,100.00. The disclosure for this sale can be found here. Insiders have sold 121,507 shares of company stock valued at $12,536,646 in the last three months. Insiders own 3.10% of the company’s stock.

Several large investors have recently modified their holdings of CRI. Alps Advisors Inc. raised its stake in Carter's by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,419 shares of the textile maker’s stock valued at $482,000 after acquiring an additional 14 shares during the last quarter. Sawtooth Solutions LLC raised its stake in shares of Carter's by 1.2% during the 2nd 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. raised its stake in shares of Carter's by 2.1% during the 2nd 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. raised its stake in shares of Carter's by 2.3% during the 2nd 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 holdings in shares of Carter's by 3.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,714 shares of the textile maker’s stock worth $241,000 after acquiring an additional 99 shares during the period. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Carter's (NYSE CRI) opened at $108.32 on Friday. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89. Carter's has a 52 week low of $77.94 and a 52 week high of $111.51. The stock has a market cap of $5,140.00, a price-to-earnings ratio of 20.78, a P/E/G ratio of 2.13 and a beta of 0.33.

Carter's (NYSE:CRI) last issued 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. The firm had revenue of $948.23 million for the quarter, compared to analysts’ expectations of $950.64 million. Carter's had a net margin of 7.69% and a return on equity of 33.38%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 earnings per share. research analysts forecast that Carter's will post 5.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, November 17th. Carter's’s payout ratio is 28.46%.

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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.

Analyst Recommendations for Carter's (NYSE:CRI)

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