Carter’s (NYSE:CRI – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.
Several other research firms have also recently issued reports on CRI. UBS Group decreased their price objective on shares of Carter’s from $41.00 to $38.00 and set a “neutral” rating for the company in a report on Monday. Capital One Financial set a $40.00 target price on Carter’s in a report on Tuesday, September 8th. Citigroup restated a “buy” rating on shares of Carter’s in a research report on Tuesday, July 21st. Wells Fargo & Company decreased their price target on Carter’s from $42.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. Finally, Weiss Ratings raised Carter’s from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Carter’s has an average rating of “Hold” and an average price target of $39.00.
Read Our Latest Report on Carter’s
Carter’s Stock Performance
CRI stock opened at $32.51 on Tuesday. The company has a 50-day simple moving average of $32.67 and a 200 day simple moving average of $36.43. The company has a market capitalization of $1.19 billion, a P/E ratio of 6.09, a PEG ratio of 3.79 and a beta of 0.84. The company has a quick ratio of 1.50, a current ratio of 2.47 and a debt-to-equity ratio of 0.55. Carter’s has a fifty-two week low of $27.86 and a fifty-two week high of $44.44.
Carter’s (NYSE:CRI – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The textile maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.20. Carter’s had a net margin of 6.55% and a return on equity of 12.78%. The company had revenue of $615.49 million for the quarter, compared to the consensus estimate of $605.68 million. During the same period in the previous year, the firm earned $0.17 EPS. Carter’s’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts predict that Carter’s will post 3.28 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Carter’s
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its position in shares of Carter’s by 13.5% in the third quarter. Crossmark Global Holdings Inc. now owns 8,532 shares of the textile maker’s stock worth $267,000 after buying an additional 1,014 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Carter’s by 27.7% during the third quarter. Nisa Investment Advisors LLC now owns 5,935 shares of the textile maker’s stock valued at $186,000 after buying an additional 1,287 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Carter’s by 16,840.0% during the third quarter. IFP Advisors Inc now owns 847 shares of the textile maker’s stock valued at $27,000 after buying an additional 842 shares in the last quarter. SummerHaven Investment Management LLC acquired a new position in Carter’s during the third quarter valued at $387,000. Finally, Elevation Wealth Partners LLC raised its position in Carter’s by 3,889.3% during the third quarter. Elevation Wealth Partners LLC now owns 1,117 shares of the textile maker’s stock valued at $35,000 after buying an additional 1,089 shares during the period.
About Carter’s
Carter’s, Inc (NYSE:CRI) is a major designer, source and marketer of apparel and related products for babies and young children. The company offers clothing, accessories, footwear, gifts and other products for infants, toddlers and children through brands including Carter’s, OshKosh B’gosh, Little Planet and Skip Hop.
Founded in 1865, Carter’s has built a long-standing presence in the children’s apparel market. Its products are sold through company-operated retail stores, e-commerce websites and wholesale partners, including department stores, mass merchants and specialty retailers.
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