Deutsche Bank assumed coverage on shares of Carter’s (NYSE:CRI) in a research report report published on Tuesday morning, The Fly reports. The firm issued a hold rating on the textile maker’s stock.
Several other equities analysts have also weighed in on the company. Zacks Investment Research upgraded Carter’s from a hold rating to a buy rating and set a $114.00 target price on the stock in a report on Tuesday, April 2nd. Citigroup restated a buy rating and set a $120.00 target price on shares of Carter’s in a report on Monday, March 18th. TheStreet upgraded Carter’s from a c+ rating to a b- rating in a report on Wednesday, March 13th. ValuEngine upgraded Carter’s from a sell rating to a hold rating in a report on Monday, February 25th. Finally, Wells Fargo & Co cut their target price on Carter’s from $105.00 to $98.00 and set an outperform rating on the stock in a report on Wednesday, January 2nd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $108.44.
NYSE CRI opened at $105.12 on Tuesday. Carter’s has a fifty-two week low of $75.66 and a fifty-two week high of $118.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.43 and a current ratio of 3.19. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 1.97 and a beta of 0.61.
Carter’s (NYSE:CRI) last posted its earnings results on Monday, February 25th. The textile maker reported $2.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.57 by $0.27. Carter’s had a return on equity of 35.33% and a net margin of 8.15%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $2.32 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that Carter’s will post 6.67 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th were given a $0.50 dividend. This is an increase from Carter’s’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Monday, March 11th. Carter’s’s dividend payout ratio (DPR) is currently 31.80%.
In other news, Director Amy Woods Brinkley sold 2,475 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $96.44, for a total value of $238,689.00. Following the sale, the director now directly owns 21,646 shares of the company’s stock, valued at $2,087,540.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Julie D’emilio sold 4,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $92.78, for a total value of $371,120.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,660 shares of company stock worth $1,218,660. 3.30% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Dubuque Bank & Trust Co. acquired a new stake in Carter’s during the first quarter worth about $50,000. Ffcm LLC grew its position in Carter’s by 1,761.4% during the fourth quarter. Ffcm LLC now owns 1,638 shares of the textile maker’s stock worth $134,000 after buying an additional 1,550 shares in the last quarter. Meeder Asset Management Inc. grew its position in Carter’s by 19.1% during the first quarter. Meeder Asset Management Inc. now owns 2,155 shares of the textile maker’s stock worth $217,000 after buying an additional 346 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Carter’s during the fourth quarter worth about $211,000. Finally, Virtu Financial LLC acquired a new stake in Carter’s during the fourth quarter worth about $258,000. 95.82% of the stock is currently owned by institutional investors and hedge funds.
Carter’s Company Profile
Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.
Recommended Story: Why is total return important?
Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.