Carter’s Inc. (NYSE:CRI) received a $115.00 price objective from equities researchers at Oppenheimer Holdings Inc. in a research note issued on Thursday. The brokerage currently has a a “buy” rating on the stock. Oppenheimer Holdings Inc.’s target price points to a potential upside of 33.44% from the company’s previous close.
Several other research analysts have also recently weighed in on the stock. Wells Fargo & Co. cut shares of Carter’s from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $111.00 to $93.00 in a research note on Tuesday, September 27th. Zacks Investment Research cut shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. Credit Agricole SA started coverage on shares of Carter’s in a research note on Wednesday, September 28th. They set an “underperform” rating and a $95.00 target price on the stock. FBR & Co restated an “outperform” rating and set a $111.00 target price on shares of Carter’s in a research note on Wednesday, October 26th. Finally, Citigroup Inc. lowered their target price on shares of Carter’s from $108.00 to $106.00 and set a “neutral” rating on the stock in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $108.70.
Carter’s (NYSE:CRI) opened at 86.18 on Thursday. Carter’s has a 1-year low of $83.35 and a 1-year high of $112.58. The company 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 PE ratio of 18.21 and a beta of 0.66.
Carter’s (NYSE:CRI) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by $0.06. The business had revenue of $901 million for the quarter, compared to analysts’ expectations of $901.99 million. Carter’s had a return on equity of 30.07% and a net margin of 7.78%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 EPS. On average, analysts expect that Carter’s will post $5.04 EPS for the current fiscal year.
In other news, CFO Richard F. Westenberger sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were 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 through the SEC website. 3.10% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. BlackRock Fund Advisors increased its stake in Carter’s by 2.2% in the second quarter. BlackRock Fund Advisors now owns 1,802,470 shares of the company’s stock worth $191,909,000 after buying an additional 39,318 shares during the period. State Street Corp increased its stake in Carter’s by 1.2% in the first quarter. State Street Corp now owns 1,346,385 shares of the company’s stock worth $141,885,000 after buying an additional 16,154 shares during the period. Point72 Asset Management L.P. increased its stake in Carter’s by 1.7% in the second quarter. Point72 Asset Management L.P. now owns 695,091 shares of the company’s stock worth $74,006,000 after buying an additional 11,491 shares during the period. Fiera Capital Corp increased its stake in Carter’s by 1,417.3% in the second quarter. Fiera Capital Corp now owns 480,981 shares of the company’s stock worth $51,210,000 after buying an additional 449,281 shares during the period. Finally, Congress Asset Management Co. MA increased its stake in Carter’s by 11.8% in the second quarter. Congress Asset Management Co. MA now owns 391,831 shares of the company’s stock worth $41,718,000 after buying an additional 41,482 shares during the period. Hedge funds and other institutional investors own 90.71% of the company’s stock.