Carter’s (NYSE:CRI) PT Raised to $86.00

Carter’s (NYSE:CRI – Get Rating) had its price target hoisted by analysts at UBS Group from $72.00 to $86.00 in a report released on Monday, The Fly reports. The firm currently has a “maintains” rating on the textile maker’s stock. UBS Group’s target price points to a potential upside of 5.72% from the company’s previous close.

A number of other analysts have also issued reports on CRI. Bank of America lowered Carter’s from a “buy” rating to an “underperform” rating and reduced their target price for the company from $120.00 to $82.00 in a report on Wednesday, April 27th. Wells Fargo & Company dropped their price target on shares of Carter’s from $90.00 to $80.00 and set a “maintains” rating on the stock in a research note on Wednesday, July 27th. B. Riley set a $114.00 price target on shares of Carter’s in a research note on Tuesday, July 19th. StockNews.com downgraded shares of Carter’s from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. Finally, Citigroup downgraded shares of Carter’s from a “buy” rating to a “sell” rating and dropped their price target for the stock from $110.00 to $68.00 in a research note on Monday, May 23rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $87.17.

Carter’s Price Performance

Shares of NYSE:CRI opened at $81.35 on Monday. The stock has a fifty day moving average of $75.51 and a 200-day moving average of $84.81. The company has a market capitalization of $3.31 billion, a PE ratio of 11.91, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.77 and a current ratio of 2.09.

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

Insider Activity

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

Institutional Investors Weigh In On Carter’s

Several hedge funds have recently made changes to their positions in CRI. Van ECK Associates Corp bought a new stake in shares of Carter’s in the fourth quarter valued at about $94,000. Janney Montgomery Scott LLC bought a new position in Carter’s during the fourth quarter worth about $888,000. State of New Jersey Common Pension Fund D lifted its stake in Carter’s by 5.1% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 27,474 shares of the textile maker’s stock worth $2,781,000 after purchasing an additional 1,339 shares during the period. Yousif Capital Management LLC bought a new position in Carter’s during the fourth quarter worth about $2,390,000. Finally, Qube Research & Technologies Ltd bought a new position in Carter’s during the fourth quarter worth about $3,756,000. Institutional investors own 97.10% of the company’s stock.

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.

Further Reading

• Get a free copy of the StockNews.com research report on Carter’s (CRI)
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