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

Carter’s, Inc. (NYSE:CRIGet Rating) has received an average rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $105.00.

A number of analysts have issued reports on CRI shares. UBS Group boosted their price target on shares of Carter’s from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, March 7th. StockNews.com lowered shares of Carter’s from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. Wedbush upgraded shares of Carter’s from a “neutral” rating to an “outperform” rating and set a $108.00 price target on the stock in a research note on Monday, March 7th. Citigroup boosted their price target on shares of Carter’s from $124.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, February 28th. Finally, Wells Fargo & Company cut their target price on shares of Carter’s from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 5th.

Shares of CRI stock traded down $0.43 on Friday, hitting $78.70. 7,938 shares of the stock traded hands, compared to its average volume of 665,510. The stock has a market capitalization of $3.20 billion, a PE ratio of 10.52, a PEG ratio of 1.45 and a beta of 1.27. Carter’s has a twelve month low of $75.31 and a twelve month high of $111.17. The firm’s 50-day moving average price is $89.22 and its two-hundred day moving average price is $95.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.65.

Carter’s (NYSE:CRIGet Rating) last issued its quarterly earnings data on Friday, April 29th. The textile maker reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.32. The firm had revenue of $781.30 million for the quarter, compared to analyst estimates of $751.21 million. Carter’s had a net margin of 9.24% and a return on equity of 32.19%. Carter’s’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.98 EPS. On average, equities research analysts anticipate that Carter’s will post 8.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Tuesday, March 8th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.81%. This is an increase from Carter’s’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, March 7th. Carter’s’s dividend payout ratio is 39.89%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Carter’s by 0.7% in the first quarter. BlackRock Inc. now owns 3,454,471 shares of the textile maker’s stock valued at $317,777,000 after purchasing an additional 23,125 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Carter’s by 1.9% in the first quarter. JPMorgan Chase & Co. now owns 3,092,829 shares of the textile maker’s stock valued at $284,509,000 after acquiring an additional 58,974 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Carter’s by 1.4% in the first quarter. Mackenzie Financial Corp now owns 2,241,385 shares of the textile maker’s stock valued at $206,185,000 after acquiring an additional 30,901 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Carter’s by 42.3% in the fourth quarter. Alliancebernstein L.P. now owns 2,064,486 shares of the textile maker’s stock valued at $208,967,000 after acquiring an additional 613,663 shares during the period. Finally, Shapiro Capital Management LLC boosted its holdings in shares of Carter’s by 10.3% in the third quarter. Shapiro Capital Management LLC now owns 1,425,461 shares of the textile maker’s stock valued at $138,612,000 after acquiring an additional 133,515 shares during the period. 97.10% of the stock is owned by hedge funds and other institutional investors.

Carter’s Company Profile (Get Rating)

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

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.