Carter’s Inc. (NYSE:CRI) shares saw unusually-strong trading volume on Wednesday . Approximately 888,384 shares traded hands during trading, an increase of 83% from the previous session’s volume of 485,005 shares.The stock last traded at $107.38 and had previously closed at $105.21.

Several equities research analysts recently issued reports on CRI shares. Zacks Investment Research upgraded shares of Carter’s from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research report on Wednesday, April 27th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $127.00 price target (up from $122.00) on shares of Carter’s in a research report on Sunday, April 10th. Citigroup Inc. reiterated a “neutral” rating on shares of Carter’s in a research report on Wednesday, June 1st. Finally, FBR & Co lifted their price target on shares of Carter’s from $104.00 to $111.00 and gave the company an “outperform” rating in a research report on Friday, April 29th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $112.20.

The firm’s 50-day moving average price is $103.09 and its 200 day moving average price is $99.19. The firm has a market capitalization of $5.45 billion and a PE ratio of 23.31.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Thursday, April 28th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.00 by $0.05. During the same quarter in the prior year, the firm earned $0.97 earnings per share. The business earned $724 million during the quarter, compared to analysts’ expectations of $716 million. Carter’s’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts expect that Carter’s Inc. will post $5.13 EPS for the current fiscal year.

In related news, CFO Richard F. Westenberger sold 4,000 shares of the business’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $107.44, for a total value of $429,760.00. Following the sale, the chief financial officer now directly owns 54,964 shares in the company, valued at approximately $5,905,332.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Polaris Capital Management LLC raised its position in Carter’s by 56.0% in the fourth quarter. Polaris Capital Management LLC now owns 126,751 shares of the company’s stock worth $11,285,000 after buying an additional 45,500 shares during the period. US Bancorp DE raised its position in Carter’s by 63.8% in the fourth quarter. US Bancorp DE now owns 103,349 shares of the company’s stock worth $9,201,000 after buying an additional 40,264 shares during the period. Vanguard Group Inc. raised its position in Carter’s by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 3,622,609 shares of the company’s stock worth $322,520,000 after buying an additional 36,257 shares during the period. Mandatum Life Insurance Co Ltd purchased a new position in Carter’s during the fourth quarter worth about $2,732,000. Finally, FOURPOINTS Investment Managers S.A.S. purchased a new position in Carter’s during the fourth quarter worth about $2,319,000.

Carter’s, Inc is a marketer of apparel for babies and young children in the United States. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh. The Company operates through five business segments: Carter’s retail, Carter’s wholesale, OshKosh retail, OshKosh wholesale and International.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.