Investment analysts at SunTrust Banks started coverage on shares of Carter's (NYSE:CRI) in a research note issued to investors on Thursday, The Fly reports. The firm set a “hold” rating on the textile maker’s stock.
Several other research analysts have also weighed in on CRI. Macquarie started coverage on Carter's in a research report on Tuesday, August 29th. They issued an “outperform” rating and a $110.00 price objective for the company. Goldman Sachs Group started coverage on Carter's in a research report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price objective for the company. Bank of America started coverage on Carter's in a research report on Friday, September 15th. They issued a “buy” rating and a $106.00 price objective for the company. Zacks Investment Research upgraded Carter's from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Tuesday, September 26th. Finally, Cowen set a $92.00 price objective on Carter's and gave the stock a “hold” rating in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $107.92.
Carter's (CRI) opened at $115.04 on Thursday. The firm has a market capitalization of $5,356.05, a P/E ratio of 21.56, a P/E/G ratio of 2.21 and a beta of 0.37. Carter's has a 52-week low of $77.94 and a 52-week high of $117.40. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.20 and a quick ratio of 1.34.
In other news, EVP Julie D’emilio sold 3,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $108.25, for a total transaction of $324,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Michael Dennis Casey sold 26,524 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,507 shares of company stock valued at $12,861,396. Company insiders own 3.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Carter's by 10,013.9% in the first quarter. BlackRock Inc. now owns 4,038,573 shares of the textile maker’s stock valued at $362,664,000 after acquiring an additional 3,998,642 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Carter's by 1,216.2% in 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 acquiring an additional 3,141,568 shares in the last quarter. Lazard Asset Management LLC raised 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 acquiring an additional 2,139,567 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Carter's by 90.3% in the first quarter. Wellington Management Group LLP now owns 1,254,634 shares of the textile maker’s stock valued at $112,665,000 after acquiring an additional 595,327 shares in the last quarter. Finally, Congress Asset Management Co. MA acquired a new stake in shares of Carter's in the fourth quarter valued at $46,556,000. Institutional investors and hedge funds own 98.67% 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.
