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

Carter's, Inc. (NYSE:CRI) has been given an average recommendation of “Buy” by the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $111.83.

Several research analysts have weighed in on CRI shares. 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. Wells Fargo & Co reiterated a “market perform” rating and set a $123.00 price objective (up previously from $105.00) on shares of Carter's in a research report on Thursday, January 11th. SunTrust Banks started coverage on Carter's in a research report on Thursday, December 21st. They set a “hold” rating and a $126.00 price objective on the stock. B. Riley increased their price objective on Carter's from $111.00 to $124.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Finally, Oppenheimer set a $112.00 price objective on Carter's and gave the stock a “buy” rating in a research report on Thursday, October 26th.

Carter's (CRI) opened at $119.61 on Wednesday. The company has a current ratio of 3.20, a quick ratio of 1.34 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $5,627.69, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 1.80 and a beta of 0.32. Carter's has a 12-month low of $79.76 and a 12-month high of $129.00.

In other news, EVP Julie D’emilio sold 3,000 shares of the 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 SEC, which is available through the SEC website. Also, EVP Greg Foglesong sold 6,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $117.98, for a total value of $707,880.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,047 shares of company stock worth $7,205,644. 3.10% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in shares of Carter's by 0.3% during the 3rd quarter. Janus Henderson Group PLC now owns 3,411,220 shares of the textile maker’s stock worth $336,858,000 after purchasing an additional 11,350 shares in the last quarter. State Street Corp grew its holdings in shares of Carter's by 1.7% during the 2nd quarter. State Street Corp now owns 1,321,596 shares of the textile maker’s stock worth $117,556,000 after purchasing an additional 22,158 shares in the last quarter. Congress Asset Management Co. MA grew its holdings in shares of Carter's by 2.4% during the 4th quarter. Congress Asset Management Co. MA now owns 822,246 shares of the textile maker’s stock worth $96,606,000 after purchasing an additional 19,644 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Carter's by 11.6% during the 3rd quarter. Mackenzie Financial Corp now owns 789,959 shares of the textile maker’s stock worth $78,008,000 after purchasing an additional 82,386 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in shares of Carter's by 194.4% during the 4th quarter. APG Asset Management N.V. now owns 640,948 shares of the textile maker’s stock worth $62,712,000 after purchasing an additional 423,200 shares in the last quarter. 98.67% of the stock is currently owned by 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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