Carter's (NYSE:CRI) had its price objective lifted by investment analysts at B. Riley from $111.00 to $124.00 in a report issued on Monday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the textile maker’s stock. B. Riley’s target price suggests a potential upside of 7.29% from the stock’s current price.
Several other analysts have also recently issued reports on the company. Cowen set a $105.00 target price on Carter's and gave the stock a “hold” rating in a research note on Thursday, November 16th. Zacks Investment Research cut Carter's from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Citigroup raised their target price on Carter's from $108.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Oppenheimer set a $112.00 target price on Carter's and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, FBR & Co reissued a “buy” rating and issued a $111.00 target price on shares of Carter's in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $107.92.
Shares of Carter's (CRI) traded up $2.68 during trading hours on Monday, hitting $115.57. The stock had a trading volume of 1,146,674 shares, compared to its average volume of 713,558. Carter's has a 52-week low of $77.94 and a 52-week high of $117.40. The company has a market capitalization of $5,342.06, a PE ratio of 21.50, a P/E/G ratio of 2.21 and a beta of 0.37. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89.
In other Carter's 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 transaction of $2,629,589.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Richard F. Westenberger sold 5,000 shares of Carter's stock in a transaction that occurred on Friday, November 17th. The shares were 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. Over the last ninety days, insiders have sold 124,507 shares of company stock worth $12,861,396. Insiders own 3.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its holdings in shares of Carter's by 1,216.2% during the second quarter. Janus Henderson Group PLC now owns 3,399,870 shares of the textile maker’s stock valued at $302,418,000 after purchasing an additional 3,141,568 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Carter's by 1,428.4% during 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 purchasing an additional 2,139,567 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Carter's by 137.8% during 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 purchasing an additional 312,412 shares during the last quarter. Chilton Investment Co. LLC purchased a new position in shares of Carter's during the second quarter valued at approximately $22,229,000. Finally, Old Mutual Global Investors UK Ltd. lifted its holdings in shares of Carter's by 64.6% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 510,645 shares of the textile maker’s stock valued at $45,421,000 after purchasing an additional 200,468 shares during the last quarter. 98.70% of the stock is currently owned by institutional investors and hedge funds.
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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.
