Analysts Set Carter’s Inc. (CRI) Price Target at $108.00
Shares of Carter’s Inc. (NYSE:CRI) have received a consensus rating of “Hold” from the ten ratings firms that are currently covering the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $108.00.
Several research firms recently commented on CRI. Cowen and Company began coverage on Carter’s in a research note on Wednesday, July 13th. They set a “market perform” rating and a $110.00 target price for the company. Zacks Investment Research cut Carter’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 29th. Citigroup Inc. decreased their target price on Carter’s from $108.00 to $106.00 and set a “neutral” rating for the company in a research note on Thursday, July 28th. Monness Crespi & Hardt raised Carter’s from a “neutral” rating to a “buy” rating and set a $118.00 target price for the company in a research note on Monday, August 8th. Finally, FBR & Co reaffirmed a “buy” rating and set a $111.00 target price on shares of Carter’s in a research note on Friday, September 16th.
Shares of Carter’s (NYSE:CRI) opened at 87.29 on Tuesday. Carter’s has a 52 week low of $82.22 and a 52 week high of $112.58. The stock’s 50 day moving average price is $92.95 and its 200-day moving average price is $100.96. The company has a market cap of $4.37 billion, a PE ratio of 18.76 and a beta of 0.66.
Carter’s (NYSE:CRI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 earned $639 million during the quarter, compared to the consensus estimate of $636.86 million. During the same period last year, the company earned $0.73 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that Carter’s will post $5.07 EPS for the current year.
In related news, CFO Richard F. Westenberger sold 2,500 shares of Carter’s stock in a transaction that occurred 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 legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in CRI. RPg Family Wealth Advisory LLC boosted its position in shares of Carter’s by 1.8% in the first quarter. RPg Family Wealth Advisory LLC now owns 45,388 shares of the company’s stock valued at $4,783,000 after buying an additional 792 shares during the last quarter. State Street Corp boosted its position in shares of Carter’s by 1.2% in the first quarter. State Street Corp now owns 1,346,385 shares of the company’s stock valued at $141,885,000 after buying an additional 16,154 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Carter’s during the first quarter valued at about $1,054,000. Huntington Asset Advisors Inc. bought a new position in shares of Carter’s during the first quarter valued at about $511,000. Finally, M&T Bank Corp boosted its position in shares of Carter’s by 15.9% in the first quarter. M&T Bank Corp now owns 6,393 shares of the company’s stock valued at $674,000 after buying an additional 879 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.
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.
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