Carter’s, Inc. (NYSE:CRI) has been assigned a consensus rating of “Hold” from the sixteen research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $100.30.
Several brokerages have commented on CRI. 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. Bank of America Corporation began coverage on shares of Carter’s in a report on Friday. They set a “buy” rating and a $106.00 target price on the stock. BidaskClub downgraded shares of Carter’s from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. set a $105.00 target price on shares of Carter’s and gave the stock a “buy” rating in a report on Wednesday, June 14th. Finally, FBR & Co set a $111.00 price objective on shares of Carter’s and gave the company a “buy” rating in a report on Friday, June 16th.
In other Carter’s news, Director Thomas E. Whiddon sold 17,500 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $90.35, for a total transaction of $1,581,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Fulton sold 8,643 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $87.58, for a total value of $756,953.94. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in Carter’s during the second quarter worth about $118,000. Advisory Services Network LLC acquired a new position in Carter’s during the second quarter worth about $125,000. Mountain Capital Investment Advisors Inc acquired a new position in Carter’s during the second quarter worth about $128,000. PNC Financial Services Group Inc. raised its stake in Carter’s by 2.1% during the second quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after acquiring an additional 35 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Carter’s by 7.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock worth $156,000 after acquiring an additional 124 shares in the last quarter. 97.27% of the stock is owned by hedge funds and other institutional investors.
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Shares of Carter’s (NYSE CRI) opened at 92.47 on Friday. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 18.13 and a beta of 0.30. The stock’s 50 day moving average is $88.22 and its 200-day moving average is $88.11. Carter’s has a 12-month low of $77.94 and a 12-month high of $98.88.
Carter’s (NYSE:CRI) last announced its earnings results on Thursday, July 27th. The textile maker reported $0.79 EPS for the quarter, topping the consensus estimate of $0.70 by $0.09. The firm had revenue of $692.10 million for the quarter, compared to the consensus estimate of $681.08 million. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. On average, analysts anticipate that Carter’s will post $5.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, August 29th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, August 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.60%. Carter’s’s payout ratio is presently 29.08%.
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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