Carter’s Inc. (CRI) Reaches New 1-Year High at $112.58
Carter’s Inc. (NYSE:CRI) reached a new 52-week high during trading on Tuesday . The company traded as high as $112.58 and last traded at $111.06, with a volume of 404,868 shares changing hands. The stock had previously closed at $111.39.
A number of equities research analysts recently commented on the stock. FBR & Co upped their price target on shares of Carter’s from $104.00 to $111.00 and gave the company an “outperform” rating in a report on Friday, April 29th. Cowen and Company assumed coverage on shares of Carter’s in a report on Wednesday, July 13th. They set a “market perform” rating and a $110.00 price target for the company. Zacks Investment Research upgraded shares of Carter’s from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a report on Wednesday, April 27th. Citigroup Inc. reiterated a “neutral” rating on shares of Carter’s in a report on Wednesday, June 1st. Finally, 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 report on Sunday, April 10th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $111.83.
The stock’s 50-day moving average price is $106.15 and its 200 day moving average price is $100.88. The company has a market cap of $5.66 billion and a price-to-earnings ratio of 24.21.
Carter’s (NYSE:CRI) last posted its earnings results on Thursday, April 28th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.05. The company earned $724 million during the quarter, compared to analysts’ expectations of $716 million. During the same quarter last year, the firm earned $0.97 EPS. Carter’s’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts predict that Carter’s Inc. will post $5.14 earnings per share for the current year.
In other Carter’s news, CFO Richard F. Westenberger sold 4,000 shares of Carter’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $107.44, for a total value of $429,760.00. Following the transaction, the chief financial officer now owns 54,964 shares in the company, valued at $5,905,332.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Other large investors have modified their holdings of the company. Advisors Asset Management Inc. raised its stake in shares of Carter’s by 7.1% in the fourth quarter. Advisors Asset Management Inc. now owns 21,219 shares of the company’s stock worth $1,889,000 after buying an additional 1,412 shares during the last quarter. Sei Investments Co. raised its stake in shares of Carter’s by 14.6% in the fourth quarter. Sei Investments Co. now owns 21,504 shares of the company’s stock worth $1,915,000 after buying an additional 2,739 shares during the last quarter. I.G. Investment Management LTD. raised its stake in shares of Carter’s by 5.1% in the fourth quarter. I.G. Investment Management LTD. now owns 27,756 shares of the company’s stock worth $2,471,000 after buying an additional 1,339 shares during the last quarter. Mandatum Life Insurance Co Ltd acquired a new stake in shares of Carter’s during the fourth quarter worth $2,732,000. Finally, Liberty Mutual Group Asset Management Inc. raised its stake in shares of Carter’s by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 33,679 shares of the company’s stock worth $3,000,000 after buying an additional 11,427 shares during the last quarter.
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.