Carter’s Inc. (NYSE:CRI)’s share price fell 9.7% during mid-day trading on Wednesday . The stock traded as low as $99.81 and last traded at $100.69, with a volume of 2,205,105 shares trading hands. The stock had previously closed at $111.47.

Several brokerages have issued reports on CRI. 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 research report on Friday, April 29th. Cowen and Company began coverage on shares of Carter’s in a research report on Wednesday, July 13th. They issued 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 research report on Wednesday, April 27th. Citigroup Inc. reiterated a “neutral” rating on shares of Carter’s in a research report on Wednesday, June 1st. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and set a $127.00 price objective (up from $122.00) on shares of Carter’s in a research 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 company presently has a consensus rating of “Buy” and a consensus price target of $111.83.

The company has a market cap of $5.12 billion and a price-to-earnings ratio of 21.89. The stock has a 50-day moving average of $106.37 and a 200 day moving average of $101.02.

Carter’s (NYSE:CRI) last announced its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.06. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The company had revenue of $639 million for the quarter, compared to the consensus estimate of $636.86 million. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that Carter’s Inc. will post $5.14 EPS for the current year.

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

A number of hedge funds and institutional investors recently modified their holdings of CRI. BlackRock Advisors LLC increased its position in shares of Carter’s by 13.9% in the fourth quarter. BlackRock Advisors LLC now owns 111,578 shares of the company’s stock worth $9,934,000 after buying an additional 13,645 shares during the last quarter. I.G. Investment Management LTD. increased its position 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. Polaris Capital Management LLC increased its position in shares of 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 last quarter. US Bancorp DE increased its position in shares of 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 last quarter. Finally, Advisors Asset Management Inc. increased its position 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.

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.

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