Carter’s, Inc. (CRI) PT Set at $105.00 by Cowen and Company
Carter’s, Inc. (NYSE:CRI) has been assigned a $105.00 target price by investment analysts at Cowen and Company in a note issued to investors on Thursday. The firm presently has a “hold” rating on the textile maker’s stock. Cowen and Company’s price target indicates a potential upside of 0.66% from the stock’s previous close.
A number of other research analysts have also recently weighed in on CRI. B. Riley restated a “buy” rating on shares of Carter’s in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of Carter’s from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Citigroup Inc. lifted their target price on shares of Carter’s from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Oppenheimer Holdings, Inc. set a $112.00 target price on shares of Carter’s and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, FBR & Co restated a “buy” rating and set a $111.00 target price on shares of Carter’s in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Carter’s currently has an average rating of “Buy” and an average target price of $105.27.
Shares of Carter’s (CRI) opened at $104.31 on Thursday. Carter’s has a 1 year low of $77.94 and a 1 year high of $104.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 3.20. The stock has a market cap of $4,928.72, a price-to-earnings ratio of 19.84, a PEG ratio of 2.03 and a beta of 0.33.
Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Carter’s had a net margin of 7.69% and a return on equity of 33.38%. The firm had revenue of $948.23 million during the quarter, compared to the consensus estimate of $950.64 million. During the same quarter in the previous year, the firm posted $1.61 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. sell-side analysts forecast that Carter’s will post 5.64 earnings per share for the current year.
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In related news, Director Paul Fulton sold 8,643 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $87.58, for a total transaction of $756,953.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Michael Dennis Casey sold 26,524 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $99.14, for a total transaction of $2,629,589.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,103 shares of company stock worth $7,120,587. Corporate insiders own 3.10% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in Carter’s in the 2nd quarter worth about $118,000. Advisory Services Network LLC bought a new position in Carter’s in the 2nd quarter worth about $125,000. Mountain Capital Investment Advisors Inc bought a new position in Carter’s in the 2nd quarter worth about $128,000. Invictus RG bought a new position in Carter’s in the 3rd quarter worth about $146,000. Finally, PNC Financial Services Group Inc. grew its stake in Carter’s by 2.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 96.17% of the company’s stock.
Carter’s Company Profile
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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