Carter’s, Inc. (NYSE:CRI) has earned a consensus rating of “Buy” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $102.44.

A number of brokerages have recently commented on CRI. Zacks Investment Research upgraded shares of Carter’s from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Tuesday, September 26th. Bank of America Corporation began coverage on shares of Carter’s in a report on Friday, September 15th. They set a “buy” rating and a $106.00 target price on the stock. Goldman Sachs Group, Inc. (The) began coverage on shares of Carter’s in a report on Tuesday, September 5th. They set a “buy” rating and a $105.00 target price on the stock. Macquarie began coverage on shares of Carter’s in a report on Tuesday, August 29th. They set an “outperform” rating and a $110.00 target price on the stock. Finally, BidaskClub cut shares of Carter’s from a “hold” rating to a “sell” rating in a report on Monday, August 14th.

COPYRIGHT VIOLATION WARNING: “Analysts Set Carter’s, Inc. (CRI) Price Target at $102.44” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/10/15/analysts-set-carters-inc-cri-price-target-at-102-44.html.

In other news, Director Thomas E. Whiddon sold 17,500 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $90.35, for a total transaction of $1,581,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Fulton sold 8,643 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $87.58, for a total transaction of $756,953.94. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. grew its stake in shares of Carter’s by 15.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 31,443 shares of the textile maker’s stock valued at $2,824,000 after acquiring an additional 4,097 shares during the period. Karp Capital Management Corp bought a new position in shares of Carter’s during the 1st quarter valued at approximately $782,000. Alliancebernstein L.P. grew its stake in shares of Carter’s by 1.2% during the 1st quarter. Alliancebernstein L.P. now owns 38,455 shares of the textile maker’s stock valued at $3,453,000 after acquiring an additional 465 shares during the period. OppenheimerFunds Inc. grew its stake in shares of Carter’s by 26.9% during the 1st quarter. OppenheimerFunds Inc. now owns 8,901 shares of the textile maker’s stock valued at $799,000 after acquiring an additional 1,887 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Carter’s by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 200,875 shares of the textile maker’s stock valued at $18,039,000 after acquiring an additional 2,449 shares during the period. 97.10% of the stock is owned by hedge funds and other institutional investors.

Carter’s (NYSE:CRI) traded up 0.11% during midday trading on Thursday, hitting $92.86. 458,333 shares of the stock were exchanged. Carter’s has a 1-year low of $77.94 and a 1-year high of $99.75. The stock has a market cap of $4.44 billion, a PE ratio of 18.21 and a beta of 0.34. The company’s 50 day moving average is $92.93 and its 200-day moving average is $89.04.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.09. The business had revenue of $692.10 million for the quarter, compared to analysts’ expectations of $681.08 million. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 earnings per share. On average, analysts expect that Carter’s will post $5.61 earnings per share for the current year.

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.

Analyst Recommendations for Carter`s (NYSE:CRI)

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.