Oppenheimer Holdings, Inc. Analysts Give Carter’s, Inc. (CRI) a $105.00 Price Target
Oppenheimer Holdings, Inc. set a $105.00 price objective on Carter’s, Inc. (NYSE:CRI) in a research note issued to investors on Wednesday morning. The brokerage currently has a buy rating on the textile maker’s stock.
Several other research firms have also recently commented on CRI. Zacks Investment Research cut Carter’s from a buy rating to a hold rating in a report on Monday, May 1st. FBR & Co set a $111.00 price objective on Carter’s and gave the stock a buy rating in a report on Saturday, February 25th. Piper Jaffray Companies raised Carter’s from a neutral rating to an overweight rating and set a $100.00 price objective for the company in a report on Tuesday, February 14th. They noted that the move was a valuation call. Stifel Nicolaus lifted their price objective on Carter’s from $80.00 to $84.00 and gave the stock a hold rating in a report on Thursday, April 27th. Finally, CL King reaffirmed a hold rating on shares of Carter’s in a report on Thursday, June 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $102.55.
Carter’s (CRI) opened at 88.71 on Wednesday. Carter’s has a 52 week low of $77.94 and a 52 week high of $112.58. The stock’s 50 day moving average price is $86.76 and its 200 day moving average price is $87.63. The firm has a market capitalization of $4.29 billion, a P/E ratio of 17.71 and a beta of 0.31.
Carter’s (NYSE:CRI) last posted its quarterly earnings results on Thursday, April 27th. The textile maker reported $0.97 EPS for the quarter, beating the consensus estimate of $0.84 by $0.13. The business had revenue of $732.80 million during the quarter, compared to analysts’ expectations of $713.98 million. Carter’s had a return on equity of 32.77% and a net margin of 7.82%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $1.05 EPS. On average, equities analysts expect that Carter’s will post $5.62 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Tuesday, May 30th were issued a $0.37 dividend. The ex-dividend date was Thursday, May 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.67%. Carter’s’s dividend payout ratio (DPR) is 29.48%.
In related news, Director David Pulver purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was bought at an average cost of $80.10 per share, with a total value of $80,100.00. Following the completion of the acquisition, the director now directly owns 54,331 shares in the company, valued at approximately $4,351,913.10. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jill Wilson sold 4,288 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $92.10, for a total value of $394,924.80. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky increased its stake in shares of Carter’s by 5.8% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 27,040 shares of the textile maker’s stock worth $2,428,000 after buying an additional 1,485 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its stake in shares of Carter’s by 3.9% in the first quarter. Grandeur Peak Global Advisors LLC now owns 5,375 shares of the textile maker’s stock worth $483,000 after buying an additional 200 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Carter’s by 122.1% in the first quarter. HighTower Advisors LLC now owns 5,252 shares of the textile maker’s stock worth $471,000 after buying an additional 2,887 shares in the last quarter. Valinor Management L.P. increased its stake in shares of Carter’s by 1.1% in the first quarter. Valinor Management L.P. now owns 1,414,121 shares of the textile maker’s stock worth $126,988,000 after buying an additional 15,200 shares in the last quarter. Finally, Clough Capital Partners L P acquired a new stake in shares of Carter’s during the first quarter worth approximately $242,000. 99.63% of the stock is owned by institutional investors and hedge funds.
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 owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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