FBR & Co reissued their outperform rating on shares of Carter’s Inc. (NYSE:CRI) in a research report released on Wednesday. The brokerage currently has a $111.00 price target on the stock.
Other equities analysts also recently issued research reports about the company. Monness Crespi & Hardt upgraded Carter’s from a neutral rating to a buy rating and set a $118.00 target price on the stock in a research report on Monday, August 8th. Zacks Investment Research downgraded Carter’s from a strong-buy rating to a hold rating in a research report on Friday, July 29th. Cowen and Company began coverage on Carter’s in a research report on Wednesday, July 13th. They set a market perform rating and a $110.00 price objective on the stock. Wells Fargo & Co. downgraded Carter’s from an outperform rating to a market perform rating and reduced their price objective for the stock from $111.00 to $93.00 in a research report on Tuesday, September 27th. Finally, Citigroup Inc. reduced their price objective on Carter’s from $108.00 to $106.00 and set a neutral rating on the stock in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $108.70.
Carter’s (NYSE:CRI) opened at 86.18 on Wednesday. Carter’s has a 12 month low of $83.35 and a 12 month high of $112.58. The firm has a 50-day moving average price of $89.99 and a 200 day moving average price of $99.59. The company has a market cap of $4.28 billion, a P/E ratio of 18.21 and a beta of 0.67.
Carter’s (NYSE:CRI) last released its earnings results on Thursday, October 27th. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.67 by $0.06. The firm earned $901 million during the quarter, compared to analysts’ expectations of $901.99 million. Carter’s had a net margin of 7.78% and a return on equity of 30.07%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.51 EPS. Equities research analysts predict that Carter’s will post $5.04 EPS for the current year.
In other Carter’s news, CFO Richard F. Westenberger sold 2,500 shares of Carter’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $101.00, for a total value of $252,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.10% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the stock. IFP Advisors Inc boosted its stake in shares of Carter’s by 25.2% in the second quarter. IFP Advisors Inc now owns 989 shares of the company’s stock worth $105,000 after buying an additional 199 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Carter’s during the second quarter worth $106,000. Genesee Valley Trust Co. purchased a new stake in shares of Carter’s during the second quarter worth $223,000. Advisor Group Inc. purchased a new stake in shares of Carter’s during the second quarter worth $224,000. Finally, Pacific Global Investment Management CO purchased a new stake in shares of Carter’s during the first quarter worth $226,000. 90.20% of the stock is owned by institutional investors and hedge funds.
Carter’s Company Profile