Carter's (NYSE:CRI) had its price target increased by analysts at Oppenheimer from $112.00 to $125.00 in a research report issued on Monday. The firm presently has an “outperform” rating on the textile maker’s stock. Oppenheimer’s price objective would indicate a potential upside of 10.73% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on the stock. B. Riley upped their price target on shares of Carter's from $111.00 to $124.00 and gave the company a “buy” rating in a report on Monday. Cowen set a $105.00 price target on shares of Carter's and gave the company a “hold” rating in a report on Thursday, November 16th. Zacks Investment Research cut shares of Carter's from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Citigroup upped their price target on shares of Carter's from $108.00 to $112.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, FBR & Co restated a “buy” rating and set a $111.00 price target on shares of Carter's in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $107.92.
Carter's (NYSE CRI) traded up $0.97 during mid-day trading on Monday, reaching $112.89. 942,500 shares of the company’s stock were exchanged, compared to its average volume of 711,768. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.20 and a quick ratio of 1.34. Carter's has a one year low of $77.94 and a one year high of $113.92. The company has a market capitalization of $5,342.06, a PE ratio of 21.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.37.
In related news, CFO Richard F. Westenberger sold 5,000 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $105.02, for a total value of $525,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Julie D’emilio sold 3,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $108.25, for a total transaction of $324,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,507 shares of company stock valued at $12,861,396. 3.10% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRI. Alps Advisors Inc. lifted its stake in 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 purchasing an additional 14 shares during the period. Sawtooth Solutions LLC lifted its stake in 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 purchasing an additional 31 shares during the period. PNC Financial Services Group Inc. lifted its stake in 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 purchasing an additional 35 shares during the period. Advisor Group Inc. lifted its stake in 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 purchasing an additional 79 shares during the period. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in 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 purchasing an additional 99 shares during the period. Institutional investors and hedge funds own 98.70% of the company’s stock.
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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.
