Carter's (CRI) Now Covered by Analysts at SunTrust Banks

Equities research analysts at SunTrust Banks initiated coverage on shares of Carter's (NYSE:CRI) in a report issued on Wednesday. The firm set a “hold” rating and a $126.00 price target on the textile maker’s stock. SunTrust Banks’ price target indicates a potential upside of 7.46% from the stock’s current price. SunTrust Banks also issued estimates for Carter's’ Q4 2017 earnings at $2.20 EPS, FY2017 earnings at $5.63 EPS, Q1 2018 earnings at $1.09 EPS, Q2 2018 earnings at $0.87 EPS, Q3 2018 earnings at $1.88 EPS, Q4 2018 earnings at $2.43 EPS, FY2018 earnings at $6.25 EPS and FY2019 earnings at $6.85 EPS.

A number of other analysts also recently issued reports on CRI. Macquarie initiated coverage on Carter's in a research report on Tuesday, August 29th. They issued an “outperform” rating and a $110.00 price target for the company. Goldman Sachs Group initiated coverage on Carter's in a research report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price target for the company. Bank of America initiated coverage on Carter's in a research report on Friday, September 15th. They issued a “buy” rating and a $106.00 price target for the company. Zacks Investment Research upgraded Carter's from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Tuesday, September 26th. Finally, Cowen set a $92.00 price target on Carter's and gave the stock a “hold” rating in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $110.77.

Carter's (CRI) traded up $0.31 during midday trading on Wednesday, hitting $117.25. The stock had a trading volume of 298,200 shares, compared to its average volume of 706,902. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89. The company has a market cap of $5,550.00, a P/E ratio of 22.55, a P/E/G ratio of 2.26 and a beta of 0.37. Carter's has a 52-week low of $77.94 and a 52-week high of $118.08.

Carter's (NYSE:CRI) last posted its earnings results on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. The firm had revenue of $948.23 million during the quarter, compared to the consensus estimate of $950.64 million. Carter's had a return on equity of 33.38% and a net margin of 7.69%. 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 company earned $1.61 EPS. equities analysts expect that Carter's will post 5.64 EPS for the current fiscal year.

In other news, EVP Julie D’emilio sold 3,000 shares of Carter'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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard F. Westenberger sold 5,000 shares of Carter's stock in a transaction 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. Over the last quarter, insiders have sold 124,507 shares of company stock valued at $12,861,396. Corporate insiders own 3.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in CRI. Janus Henderson Group PLC grew its stake in 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 purchasing an additional 3,141,568 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in 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 worth $203,638,000 after acquiring an additional 2,139,567 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in 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 worth $47,948,000 after acquiring an additional 312,412 shares in the last quarter. Chilton Investment Co. LLC acquired a new stake in Carter's in the second quarter worth about $22,229,000. Finally, Old Mutual Global Investors UK Ltd. boosted its holdings in Carter's by 64.6% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 510,645 shares of the textile maker’s stock worth $45,421,000 after acquiring an additional 200,468 shares in the last quarter. Hedge funds and other institutional investors own 98.67% of the company’s stock.

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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.