Needham & Company LLC Begins Coverage on Carter’s (NYSE:CRI)

Stock analysts at Needham & Company LLC initiated coverage on shares of Carter’s (NYSE:CRI) in a report issued on Thursday, MarketBeat.com reports. The firm set a “hold” rating on the textile maker’s stock.

Other research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. The Goldman Sachs Group raised their price objective on Carter’s from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Tuesday, January 13th. Weiss Ratings upgraded Carter’s from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. Citigroup raised Carter’s from a “neutral” rating to a “buy” rating and upped their target price for the company from $34.00 to $50.00 in a report on Wednesday, January 21st. Finally, UBS Group lifted their price target on Carter’s from $33.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.83.

Carter’s Trading Up 0.8%

Shares of CRI stock opened at $34.85 on Thursday. The business’s fifty day moving average price is $36.73 and its 200 day moving average price is $33.32. The firm has a market capitalization of $1.27 billion, a PE ratio of 13.83, a P/E/G ratio of 5.14 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.51 and a quick ratio of 1.44. Carter’s has a 1-year low of $23.38 and a 1-year high of $44.44.

Carter’s (NYSE:CRI) last released its earnings results on Friday, February 27th. The textile maker reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.20. Carter’s had a return on equity of 14.45% and a net margin of 3.17%.The company had revenue of $925.45 million during the quarter, compared to the consensus estimate of $912.36 million. During the same quarter last year, the company earned $2.39 earnings per share. Carter’s’s quarterly revenue was up 7.7% compared to the same quarter last year. Carter’s has set its Q1 2026 guidance at 0.020-0.080 EPS. As a group, sell-side analysts forecast that Carter’s will post 5.15 EPS for the current fiscal year.

Institutional Trading of Carter’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC raised its stake in Carter’s by 66.5% during the fourth quarter. Corient Private Wealth LLC now owns 19,349 shares of the textile maker’s stock worth $627,000 after purchasing an additional 7,728 shares during the period. Kera Capital Partners Inc. acquired a new stake in shares of Carter’s during the 4th quarter worth $298,000. Invesco Ltd. lifted its stake in shares of Carter’s by 23.0% in the 4th quarter. Invesco Ltd. now owns 268,789 shares of the textile maker’s stock valued at $8,717,000 after purchasing an additional 50,243 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Carter’s by 2.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,279 shares of the textile maker’s stock worth $982,000 after buying an additional 629 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Carter’s in the fourth quarter worth $331,000.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.