Carter’s (NYSE:CRI) Price Target Cut to $32.00 by Analysts at UBS Group

Carter’s (NYSE:CRI) had its price objective cut by equities researchers at UBS Group from $37.00 to $32.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. UBS Group’s target price points to a potential downside of 5.69% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company dropped their price target on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Barclays started coverage on Carter’s in a report on Monday. They set an “underweight” rating and a $25.00 price target on the stock. Finally, Citigroup decreased their price objective on Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $40.80.

Carter’s Trading Up 3.1 %

CRI opened at $33.93 on Monday. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.22 billion, a P/E ratio of 5.39, a P/E/G ratio of 3.37 and a beta of 1.09. Carter’s has a 52 week low of $32.12 and a 52 week high of $72.11. The business has a fifty day simple moving average of $39.57 and a 200-day simple moving average of $49.64.

Carter’s (NYSE:CRI) last released its earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.13. The company had revenue of $291.09 million during the quarter, compared to the consensus estimate of $624.86 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. Carter’s’s revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. On average, equities analysts expect that Carter’s will post 5.15 earnings per share for the current year.

Institutional Investors Weigh In On Carter’s

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its stake in Carter’s by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Carter’s by 2,112.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock valued at $29,000 after buying an additional 507 shares during the last quarter. Colonial Trust Co SC acquired a new stake in Carter’s during the 4th quarter worth $29,000. Parallel Advisors LLC lifted its position in Carter’s by 80.9% in the first quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 475 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in Carter’s by 173.0% in the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 571 shares in the last quarter.

About Carter’s

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.