B. Riley Lowers Carter’s (NYSE:CRI) Price Target to $99.00

Carter’s (NYSE:CRIGet Rating) had its price objective dropped by analysts at B. Riley from $114.00 to $99.00 in a research report issued on Monday, The Fly reports. B. Riley’s price target would indicate a potential upside of 21.70% from the stock’s previous close. B. Riley also issued estimates for Carter’s’ Q4 2022 earnings at $2.81 EPS.

Other research analysts have also recently issued reports about the stock. Citigroup cut shares of Carter’s from a “buy” rating to a “sell” rating and cut their price target for the stock from $110.00 to $68.00 in a report on Monday, May 23rd. TheStreet cut shares of Carter’s from a “b-” rating to a “c+” rating in a report on Friday, June 3rd. Bank of America cut shares of Carter’s from a “buy” rating to an “underperform” rating and cut their price target for the stock from $120.00 to $82.00 in a report on Wednesday, April 27th. StockNews.com cut shares of Carter’s from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. Finally, Wells Fargo & Company cut their price target on shares of Carter’s from $90.00 to $80.00 and set a “maintains” rating on the stock in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Carter’s currently has an average rating of “Hold” and a consensus target price of $87.17.

Carter’s Trading Down 2.3 %

NYSE:CRI opened at $81.35 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 0.77. The firm has a 50-day moving average of $75.51 and a 200-day moving average of $84.81. The company has a market cap of $3.31 billion, a PE ratio of 11.91, a PEG ratio of 3.60 and a beta of 1.29. Carter’s has a one year low of $67.88 and a one year high of $111.17.

Carter’s (NYSE:CRIGet Rating) last posted its earnings results on Friday, July 29th. The textile maker reported $1.30 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.33). Carter’s had a return on equity of 32.27% and a net margin of 8.35%. The business had revenue of $700.60 million for the quarter, compared to the consensus estimate of $744.31 million. During the same period in the previous year, the firm earned $1.67 earnings per share. The company’s revenue was down 6.1% on a year-over-year basis. As a group, equities research analysts expect that Carter’s will post 7.35 EPS for the current fiscal year.

Insider Buying and Selling at Carter’s

In other Carter’s news, Director William J. Montgoris purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The shares were bought at an average cost of $75.00 per share, for a total transaction of $75,000.00. Following the purchase, the director now owns 39,525 shares of the company’s stock, valued at approximately $2,964,375. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Carter’s

A number of institutional investors have recently modified their holdings of the business. Ironwood Investment Management LLC lifted its stake in shares of Carter’s by 1.2% during the 4th quarter. Ironwood Investment Management LLC now owns 9,635 shares of the textile maker’s stock valued at $975,000 after buying an additional 110 shares in the last quarter. FourThought Financial LLC increased its holdings in Carter’s by 35.0% during the 1st quarter. FourThought Financial LLC now owns 471 shares of the textile maker’s stock worth $43,000 after acquiring an additional 122 shares during the period. O Shares Investment Advisers LLC increased its holdings in Carter’s by 2.3% during the 4th quarter. O Shares Investment Advisers LLC now owns 6,376 shares of the textile maker’s stock worth $645,000 after acquiring an additional 144 shares during the period. Van ECK Associates Corp increased its holdings in Carter’s by 15.9% during the 1st quarter. Van ECK Associates Corp now owns 1,080 shares of the textile maker’s stock worth $99,000 after acquiring an additional 148 shares during the period. Finally, Guggenheim Capital LLC increased its holdings in Carter’s by 7.6% during the 1st quarter. Guggenheim Capital LLC now owns 2,349 shares of the textile maker’s stock worth $216,000 after acquiring an additional 166 shares during the period. 97.10% of the stock is currently owned by hedge funds and other institutional investors.

Carter’s Company Profile

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Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter's My First Love, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S.

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