Carter’s Inc. (CRI) Earns Underperform Rating from Analysts at Credit Agricole SA
Credit Agricole SA initiated coverage on shares of Carter’s Inc. (NYSE:CRI) in a research note issued to investors on Wednesday. The brokerage issued an underperform rating and a $95.00 price target on the stock.
CRI has been the subject of a number of other reports. FBR & Co reissued a buy rating and issued a $111.00 price target on shares of Carter’s in a research report on Friday, September 16th. Cowen and Company assumed coverage on 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. Citigroup Inc. reissued a neutral rating on shares of Carter’s in a research report on Wednesday, June 1st. Wells Fargo & Co. lowered Carter’s from an outperform rating to a market perform rating and lowered their price target for the company from $111.00 to $93.00 in a research report on Tuesday, September 27th. Finally, Oppenheimer Holdings Inc. reissued an outperform rating and issued a $115.00 price target on shares of Carter’s in a research report on Friday, September 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Carter’s has an average rating of Hold and a consensus price target of $109.00.
Shares of Carter’s (NYSE:CRI) opened at 86.71 on Wednesday. The stock has a 50 day moving average of $96.10 and a 200-day moving average of $101.86. The company has a market cap of $4.34 billion, a PE ratio of 18.64 and a beta of 0.67. Carter’s has a 12 month low of $82.22 and a 12 month high of $112.58.
Carter’s (NYSE:CRI) last issued its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. Carter’s had a return on equity of 29.33% and a net margin of 7.86%. The company had revenue of $639 million for the quarter, compared to analyst estimates of $636.86 million. During the same period in the prior year, the firm earned $0.73 earnings per share. Carter’s’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts forecast that Carter’s will post $5.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Tuesday, August 30th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, August 26th. Carter’s’s dividend payout ratio is presently 28.39%.
In other news, CFO Richard F. Westenberger sold 2,500 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $101.00, for a total transaction of $252,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC purchased a new position in Carter’s during the second quarter valued at $2,465,000. Aristotle Capital Boston LLC increased its position in Carter’s by 3.7% in the second quarter. Aristotle Capital Boston LLC now owns 105,762 shares of the company’s stock valued at $11,260,000 after buying an additional 3,731 shares during the last quarter. IFP Advisors Inc increased its position in Carter’s by 25.2% in the second quarter. IFP Advisors Inc now owns 989 shares of the company’s stock valued at $105,000 after buying an additional 199 shares during the last quarter. Calvert Investment Management Inc. increased its position in Carter’s by 5.7% in the second quarter. Calvert Investment Management Inc. now owns 3,020 shares of the company’s stock valued at $322,000 after buying an additional 163 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Carter’s by 5.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 176,033 shares of the company’s stock valued at $18,743,000 after buying an additional 9,046 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.
Carter’s Company Profile
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. Its international segment includes Company-operated retail stores, wholesale and online operations in addition to royalty income from its international licensees.
Receive News & Ratings for Carter's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.