Carter’s, Inc. (CRI) Given a $105.00 Price Target by Cowen and Company Analysts

Carter’s, Inc. (NYSE:CRI) received a $105.00 target price from equities researchers at Cowen and Company in a research note issued on Thursday. The brokerage presently has a “hold” rating on the textile maker’s stock. Cowen and Company’s target price would indicate a potential downside of 0.07% from the company’s current price.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Tuesday, September 26th. Bank of America Corporation initiated coverage on shares of Carter’s in a research report on Friday, September 15th. They set a “buy” rating and a $106.00 target price on the stock. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Carter’s in a research report on Tuesday, September 5th. They set a “buy” rating and a $105.00 target price on the stock. Citigroup Inc. boosted their target price on shares of Carter’s from $108.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Oppenheimer Holdings, Inc. set a $112.00 target price on shares of Carter’s and gave the stock a “buy” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $105.27.

Shares of Carter’s (CRI) opened at $105.07 on Thursday. The firm has a market cap of $4,970.00, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 2.00 and a beta of 0.33. Carter’s has a 12-month low of $77.94 and a 12-month high of $106.67. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 3.20.

Carter’s (NYSE:CRI) last released its earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.05. The company had revenue of $948.23 million for the quarter, compared to the consensus estimate of $950.64 million. Carter’s had a net margin of 7.69% and a return on equity of 33.38%. Carter’s’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 EPS. equities analysts expect that Carter’s will post 5.64 earnings per share for the current year.

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In related news, Director Paul Fulton sold 8,643 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $87.58, for a total transaction of $756,953.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Michael Dennis Casey sold 26,524 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $99.14, for a total transaction of $2,629,589.36. The disclosure for this sale can be found here. Insiders sold a total of 72,103 shares of company stock worth $7,120,587 over the last ninety days. Insiders own 3.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CRI. Dimensional Fund Advisors LP boosted its holdings in Carter’s by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 345,278 shares of the textile maker’s stock worth $31,006,000 after buying an additional 18,975 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Carter’s during the second quarter worth $118,000. Oregon Public Employees Retirement Fund boosted its holdings in Carter’s by 4.2% during the second quarter. Oregon Public Employees Retirement Fund now owns 18,820 shares of the textile maker’s stock worth $1,674,000 after buying an additional 760 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in Carter’s by 18.1% during the second quarter. LS Investment Advisors LLC now owns 3,887 shares of the textile maker’s stock worth $346,000 after buying an additional 596 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in Carter’s by 2.4% during the second quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the textile maker’s stock worth $1,121,000 after buying an additional 300 shares in the last quarter. 96.17% of the stock is currently owned by hedge funds and other institutional investors.

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)

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