Carter’s, Inc. (CRI) Given Average Recommendation of “Hold” by Analysts

Shares of Carter’s, Inc. (NYSE:CRI) have received an average rating of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $111.25.

CRI has been the subject of several analyst reports. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Tuesday, September 18th. Cowen set a $95.00 price objective on shares of Carter’s and gave the stock a “hold” rating in a report on Thursday, October 18th. Wells Fargo & Co dropped their price objective on shares of Carter’s from $126.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. Monness Crespi & Hardt dropped their price objective on shares of Carter’s from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, October 26th. Finally, Macquarie set a $100.00 price objective on shares of Carter’s and gave the stock a “buy” rating in a report on Friday, October 26th.

In other news, SVP Jill Wilson sold 2,835 shares of Carter’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $96.27, for a total transaction of $272,925.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Michael Dennis Casey sold 25,000 shares of Carter’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $95.26, for a total transaction of $2,381,500.00. The disclosure for this sale can be found here. Insiders sold 102,835 shares of company stock worth $9,606,925 in the last 90 days. Corporate insiders own 3.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. SRS Capital Advisors Inc. bought a new stake in shares of Carter’s during the 3rd quarter valued at about $108,000. Fort L.P. bought a new stake in shares of Carter’s during the 2nd quarter valued at about $119,000. First Hawaiian Bank bought a new stake in shares of Carter’s during the 3rd quarter valued at about $122,000. FNY Investment Advisers LLC bought a new stake in shares of Carter’s during the 3rd quarter valued at about $163,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Carter’s during the 2nd quarter valued at about $195,000. 95.82% of the stock is currently owned by hedge funds and other institutional investors.

CRI traded down $0.45 on Friday, hitting $81.37. The company’s stock had a trading volume of 574,872 shares, compared to its average volume of 603,409. The company has a market cap of $3.84 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 1.54 and a beta of 0.68. Carter’s has a 12 month low of $75.66 and a 12 month high of $129.00. The company has a current ratio of 3.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.98.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Thursday, October 25th. The textile maker reported $1.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.12). The business had revenue of $923.91 million during the quarter, compared to the consensus estimate of $940.87 million. Carter’s had a return on equity of 33.05% and a net margin of 8.44%. Research analysts forecast that Carter’s will post 6.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Tuesday, November 27th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Monday, November 26th. Carter’s’s payout ratio is presently 31.25%.

About Carter’s

Carter’s, Inc engages in the marketing of apparel for babies and young children. It operates through the following segments: U.S. Retail, U.S. Wholesale, and International. The U.S. retail segment consists of sales of products in retail stores and e-commerce sites. The U.S. Wholesale segment includes sales of its products to wholesale accounts.

See Also: Treasury Bonds

Analyst Recommendations for Carter`s (NYSE:CRI)

Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply