Carter's, Inc. (CRI) Receives Consensus Rating of “Buy” from Brokerages

Carter's, Inc. (NYSE:CRI) has earned an average rating of “Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $112.00.

A number of equities research analysts have recently issued reports on the company. B. Riley reaffirmed a “buy” rating on shares of Carter's in a research report on Wednesday, November 1st. Zacks Investment Research lowered Carter's from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Oppenheimer boosted their target price on Carter's from $112.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. Finally, FBR & Co reaffirmed a “buy” rating and set a $111.00 target price on shares of Carter's in a research report on Thursday, October 26th.

Shares of Carter's (NYSE CRI) opened at $120.45 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. The firm has a market capitalization of $5,642.83, a price-to-earnings ratio of 23.16, a PEG ratio of 1.81 and a beta of 0.37. Carter's has a twelve month low of $77.94 and a twelve month high of $120.90.

Carter's (NYSE:CRI) last announced its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.05. The business had revenue of $948.23 million during the quarter, compared to analyst estimates of $950.64 million. Carter's had a return on equity of 33.38% and a net margin of 7.69%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.61 earnings per share. analysts forecast that Carter's will post 5.64 EPS for the current year.

In related news, EVP Greg Foglesong sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $117.98, for a total transaction of $707,880.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard F. Westenberger sold 5,000 shares of the company’s stock in a transaction 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. Insiders have sold 130,507 shares of company stock worth $13,569,276 over the last three months. 3.10% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of CRI. Advisory Services Network LLC acquired a new position in Carter's during the second quarter valued at $125,000. Mountain Capital Investment Advisors Inc acquired a new position in Carter's during the second quarter valued at $128,000. Invictus RG acquired a new position in Carter's during the third quarter valued at $146,000. PNC Financial Services Group Inc. raised its position 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 valued at $151,000 after buying an additional 35 shares during the period. Finally, Round Table Services LLC acquired a new position in Carter's during the third quarter valued at $206,000. 98.67% of the stock is currently owned by hedge funds and other institutional investors.

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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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