Shares of Carter’s, Inc. (NYSE:CRI – Get Free Report) were up 6.1% during mid-day trading on Monday . The company traded as high as $35.82 and last traded at $35.51. Approximately 102,412 shares changed hands during trading, a decline of 92% from the average daily volume of 1,245,602 shares. The stock had previously closed at $33.46.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on CRI. Weiss Ratings cut Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Citigroup upgraded Carter’s from a “neutral” rating to a “buy” rating and increased their price target for the company from $34.00 to $50.00 in a report on Wednesday, January 21st. UBS Group raised their price target on Carter’s from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. The Goldman Sachs Group upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Thursday, April 9th. Finally, Wells Fargo & Company increased their target price on shares of Carter’s from $28.00 to $33.00 and gave the company an “underweight” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.67.
Read Our Latest Research Report on Carter’s
Carter’s Stock Performance
Carter’s (NYSE:CRI – Get Free Report) last issued its earnings results on Wednesday, May 6th. The textile maker reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.26. The firm had revenue of $681.11 million during the quarter, compared to analyst estimates of $660.59 million. Carter’s had a net margin of 3.07% and a return on equity of 13.06%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 earnings per share. Carter’s has set its Q2 2026 guidance at 0.020-0.060 EPS. As a group, equities research analysts forecast that Carter’s, Inc. will post 3.06 earnings per share for the current fiscal year.
Carter’s Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Tuesday, May 26th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. Carter’s’s dividend payout ratio (DPR) is 40.32%.
Institutional Trading of Carter’s
A number of large investors have recently modified their holdings of the company. Hantz Financial Services Inc. increased its holdings in Carter’s by 21.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,577 shares of the textile maker’s stock worth $51,000 after purchasing an additional 282 shares during the period. Amalgamated Bank lifted its holdings in shares of Carter’s by 3.5% in the 3rd quarter. Amalgamated Bank now owns 10,756 shares of the textile maker’s stock worth $304,000 after buying an additional 360 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Carter’s by 13.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,160 shares of the textile maker’s stock worth $135,000 after buying an additional 479 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of Carter’s by 2.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,279 shares of the textile maker’s stock worth $982,000 after buying an additional 629 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Carter’s by 445.8% during the 4th quarter. UMB Bank n.a. now owns 775 shares of the textile maker’s stock worth $25,000 after buying an additional 633 shares in the last quarter.
About Carter’s
Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.
The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.
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