Analysts Set Carter’s, Inc. (NYSE:CRI) PT at $86.29

Carter’s, Inc. (NYSE:CRIGet Rating) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $86.29.

A number of analysts have recently issued reports on CRI shares. UBS Group lowered their price objective on shares of Carter’s from $100.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, July 15th. Evercore ISI lowered their price objective on shares of Carter’s to $80.00 in a report on Tuesday, August 9th. Citigroup downgraded shares of Carter’s from a “buy” rating to a “sell” rating and lowered their price objective for the company from $110.00 to $68.00 in a report on Monday, May 23rd. TheStreet downgraded shares of Carter’s from a “b-” rating to a “c+” rating in a report on Friday, June 3rd. Finally, B. Riley lowered their target price on shares of Carter’s to $99.00 in a report on Tuesday, August 9th.

Insider Activity

In related news, SVP Ben Pivar sold 398 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $81.77, for a total transaction of $32,544.46. Following the completion of the sale, the senior vice president now owns 12,119 shares of the company’s stock, valued at $990,970.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Kendra Krugman sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $84.31, for a total transaction of $168,620.00. Following the completion of the sale, the executive vice president now owns 38,336 shares of the company’s stock, valued at $3,232,108.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ben Pivar sold 398 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $81.77, for a total transaction of $32,544.46. Following the sale, the senior vice president now directly owns 12,119 shares of the company’s stock, valued at approximately $990,970.63. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FourThought Financial LLC increased its stake in shares of Carter’s by 35.0% in the first quarter. FourThought Financial LLC now owns 471 shares of the textile maker’s stock valued at $43,000 after buying an additional 122 shares during the period. Fifth Third Bancorp increased its stake in shares of Carter’s by 20.3% in the second quarter. Fifth Third Bancorp now owns 805 shares of the textile maker’s stock valued at $57,000 after buying an additional 136 shares during the period. Van ECK Associates Corp increased its stake in shares of Carter’s by 15.9% in the first quarter. Van ECK Associates Corp now owns 1,080 shares of the textile maker’s stock valued at $99,000 after buying an additional 148 shares during the period. Guggenheim Capital LLC increased its stake in shares of Carter’s by 7.6% in the first quarter. Guggenheim Capital LLC now owns 2,349 shares of the textile maker’s stock valued at $216,000 after buying an additional 166 shares during the period. Finally, Brinker Capital Investments LLC increased its stake in shares of Carter’s by 1.3% in the first quarter. Brinker Capital Investments LLC now owns 12,517 shares of the textile maker’s stock valued at $1,151,000 after buying an additional 166 shares during the period. Institutional investors own 99.13% of the company’s stock.

Carter’s Trading Down 0.9 %

CRI opened at $71.58 on Friday. The company has a current ratio of 2.09, a quick ratio of 0.77 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $2.79 billion, a PE ratio of 10.48 and a beta of 1.30. Carter’s has a 1-year low of $67.88 and a 1-year high of $111.17. The firm has a 50-day moving average price of $78.51 and a two-hundred day moving average price of $81.47.

Carter’s (NYSE:CRIGet Rating) last posted its quarterly earnings data on Friday, July 29th. The textile maker reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.33). Carter’s had a net margin of 8.35% and a return on equity of 42.73%. The company had revenue of $700.60 million during the quarter, compared to analyst estimates of $744.31 million. During the same quarter in the previous year, the business posted $1.67 EPS. The company’s revenue was down 6.1% compared to the same quarter last year. As a group, equities analysts anticipate that Carter’s will post 7.17 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a $0.75 dividend. The ex-dividend date was Thursday, September 1st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.19%. Carter’s’s payout ratio is presently 43.92%.

About Carter’s

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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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Analyst Recommendations for Carter's (NYSE:CRI)

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