Carter’s, Inc. (NYSE:CRI)‘s stock had its “buy” rating reissued by analysts at FBR & Co in a report released on Thursday. They presently have a $111.00 price target on the textile maker’s stock. FBR & Co’s price target indicates a potential upside of 13.51% from the company’s previous close.
Several other equities analysts also recently weighed in on CRI. BidaskClub downgraded Carter’s from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday. Cowen and Company set a $92.00 target price on Carter’s and gave the company a “hold” rating in a research report on Thursday, July 27th. Macquarie assumed coverage on Carter’s in a research report on Tuesday, August 29th. They set an “outperform” rating and a $110.00 target price on the stock. Finally, Bank of America Corporation assumed coverage on Carter’s in a research report on Friday, September 15th. They issued a “buy” rating and a $106.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $104.75.
Shares of Carter’s (NYSE CRI) traded down 0.13% on Thursday, hitting $97.79. 660,243 shares of the stock traded hands. Carter’s has a 52-week low of $77.94 and a 52-week high of $99.75. The firm has a market cap of $4.68 billion, a PE ratio of 19.18 and a beta of 0.34. The firm has a 50 day moving average price of $94.36 and a 200 day moving average price of $89.39.
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, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.05. The firm had revenue of $948.23 million for the quarter, compared to the consensus estimate of $950.64 million. Carter’s had a return on equity of 33.38% and a net margin of 7.69%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 EPS. On average, equities analysts forecast that Carter’s will post $5.62 EPS for the current year.
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In other news, Director Paul Fulton sold 8,643 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $87.58, for a total transaction of $756,953.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas E. Whiddon sold 17,500 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $90.35, for a total value of $1,581,125.00. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new position in shares of Carter’s during the 3rd quarter worth $505,000. Aperio Group LLC grew its position in shares of Carter’s by 30.9% during the 3rd quarter. Aperio Group LLC now owns 10,939 shares of the textile maker’s stock worth $1,080,000 after buying an additional 2,581 shares in the last quarter. Boston Advisors LLC bought a new position in shares of Carter’s during the 3rd quarter worth $209,000. Fox Run Management L.L.C. bought a new position in shares of Carter’s during the 3rd quarter worth $316,000. Finally, Reinhart Partners Inc. grew its position in shares of Carter’s by 6.7% during the 3rd quarter. Reinhart Partners Inc. now owns 30,990 shares of the textile maker’s stock worth $3,060,000 after buying an additional 1,950 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.
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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