Carter’s (NYSE:CRI) had its price objective lowered by DA Davidson to $91.00 in a research report released on Tuesday, The Fly reports. DA Davidson currently has an average rating on the textile maker’s stock.

Several other research firms have also issued reports on CRI. TheStreet upgraded shares of Valmont Industries from a c+ rating to a b- rating in a report on Wednesday, March 13th. Deutsche Bank assumed coverage on shares of Carter’s in a report on Tuesday, April 16th. They issued a hold rating and a $99.00 target price for the company. Zacks Investment Research lowered shares of GasLog Partners LP Unit from a hold rating to a strong sell rating in a report on Tuesday, April 2nd. Finally, Citigroup restated a buy rating and issued a $13.00 target price on shares of Encana in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $104.56.

CRI stock opened at $93.59 on Tuesday. Carter’s has a 52 week low of $75.66 and a 52 week high of $118.22. The company has a quick ratio of 1.25, a current ratio of 2.68 and a debt-to-equity ratio of 0.74. The company’s fifty day simple moving average is $92.71. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.79 and a beta of 0.90.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Tuesday, April 30th. The textile maker reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.17. The business had revenue of $741.06 million during the quarter, compared to analyst estimates of $724.08 million. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. Carter’s’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 earnings per share. Research analysts anticipate that Carter’s will post 6.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 29th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $2.00 dividend on an annualized basis and a yield of 2.14%. Carter’s’s payout ratio is 31.80%.

In related news, SVP Jill Wilson sold 2,843 shares of Carter’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $108.38, for a total transaction of $308,124.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kendra Krugman sold 500 shares of Carter’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $108.44, for a total transaction of $54,220.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,223 shares of company stock valued at $774,982 in the last quarter. 3.20% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec purchased a new position in Carter’s during the 1st quarter valued at about $124,393,000. Norges Bank purchased a new position in Carter’s during the 4th quarter valued at about $53,891,000. FMR LLC increased its position in Carter’s by 42.6% during the 4th quarter. FMR LLC now owns 1,049,605 shares of the textile maker’s stock valued at $85,669,000 after purchasing an additional 313,801 shares during the period. Lazard Asset Management LLC increased its position in Carter’s by 202.7% during the 1st quarter. Lazard Asset Management LLC now owns 361,623 shares of the textile maker’s stock valued at $36,447,000 after purchasing an additional 242,155 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Carter’s during the 4th quarter valued at about $18,602,000. Institutional investors own 95.74% of the company’s stock.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

See Also: Dividend

The Fly

Analyst Recommendations for Carter`s (NYSE:CRI)

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