Carter’s (NYSE:CRI) Stock Rating Lowered by Zacks Research

Carter’s (NYSE:CRI) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Carter’s from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Needham & Company LLC started coverage on shares of Carter’s in a research report on Thursday, March 26th. They set a “hold” rating on the stock. The Goldman Sachs Group upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Thursday, April 9th. Finally, Wells Fargo & Company increased their price target on shares of Carter’s from $28.00 to $33.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Carter’s currently has a consensus rating of “Hold” and a consensus price target of $39.67.

Carter’s Stock Performance

NYSE CRI opened at $38.37 on Monday. The company has a current ratio of 2.80, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 15.47 and a beta of 0.86. The firm’s 50 day simple moving average is $35.84 and its 200 day simple moving average is $35.02. Carter’s has a 1 year low of $23.38 and a 1 year high of $44.44.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Wednesday, May 6th. The textile maker reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.26. The business had revenue of $681.11 million for the quarter, compared to analyst estimates of $660.59 million. Carter’s had a net margin of 3.07% and a return on equity of 13.06%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. Carter’s has set its Q2 2026 guidance at 0.020-0.060 EPS. As a group, research analysts expect that Carter’s will post 3.06 earnings per share for the current fiscal year.

Institutional Trading of Carter’s

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in Carter’s by 5.0% in the first quarter. Bank of America Corp DE now owns 66,031 shares of the textile maker’s stock valued at $2,361,000 after buying an additional 3,132 shares in the last quarter. Amundi boosted its position in Carter’s by 45.7% in the first quarter. Amundi now owns 14,807 shares of the textile maker’s stock valued at $529,000 after buying an additional 4,647 shares in the last quarter. California State Teachers Retirement System boosted its position in Carter’s by 31.2% in the first quarter. California State Teachers Retirement System now owns 46,269 shares of the textile maker’s stock valued at $1,655,000 after buying an additional 11,004 shares in the last quarter. Rubric Capital Management LP boosted its position in Carter’s by 121.5% in the first quarter. Rubric Capital Management LP now owns 1,018,853 shares of the textile maker’s stock valued at $36,434,000 after buying an additional 558,853 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in Carter’s in the first quarter valued at approximately $4,896,000.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.