Carter’s (NYSE:CRI) had its price objective dropped by Wells Fargo & Co from $126.00 to $115.00 in a note issued to investors on Monday, MarketBeat reports. The firm currently has an “outperform” rating on the textile maker’s stock. Wells Fargo & Co’s price target would indicate a potential upside of 20.17% from the company’s current price.
A number of other brokerages also recently commented on CRI. ValuEngine upgraded Carter’s from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Cowen reiterated a “hold” rating and set a $104.00 price objective on shares of Carter’s in a research report on Friday, July 27th. Finally, Zacks Investment Research upgraded Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Carter’s currently has an average rating of “Buy” and a consensus price target of $117.70.
Shares of NYSE:CRI opened at $95.70 on Monday. Carter’s has a one year low of $92.29 and a one year high of $129.00. The firm has a market cap of $4.38 billion, a PE ratio of 16.61, a P/E/G ratio of 1.59 and a beta of 0.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.36 and a quick ratio of 1.24.
Carter’s (NYSE:CRI) last announced its quarterly earnings data on Thursday, July 26th. The textile maker reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.22. Carter’s had a return on equity of 34.29% and a net margin of 8.69%. The company had revenue of $696.20 million during the quarter, compared to the consensus estimate of $684.04 million. During the same quarter in the prior year, the firm earned $0.79 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts expect that Carter’s will post 6.44 EPS for the current year.
In other Carter’s news, Director David Pulver bought 7,500 shares of Carter’s stock in a transaction dated Thursday, September 6th. The stock was bought at an average price of $98.55 per share, for a total transaction of $739,125.00. Following the completion of the acquisition, the director now directly owns 63,517 shares of the company’s stock, valued at $6,259,600.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jevin Eagle sold 5,000 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $109.10, for a total value of $545,500.00. Following the completion of the sale, the director now owns 6,297 shares of the company’s stock, valued at approximately $687,002.70. The disclosure for this sale can be found here. Insiders bought 13,000 shares of company stock valued at $1,309,110 in the last 90 days. Corporate insiders own 3.30% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Carter’s in the second quarter worth $54,012,000. Dimensional Fund Advisors LP increased its stake in shares of Carter’s by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 456,973 shares of the textile maker’s stock worth $49,536,000 after acquiring an additional 6,161 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in shares of Carter’s by 15.0% in the second quarter. Epoch Investment Partners Inc. now owns 325,820 shares of the textile maker’s stock worth $35,316,000 after acquiring an additional 42,611 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Carter’s by 3.3% in the second quarter. Bank of America Corp DE now owns 280,678 shares of the textile maker’s stock worth $30,422,000 after acquiring an additional 8,973 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of Carter’s by 7.5% in the first quarter. Allianz Asset Management GmbH now owns 276,460 shares of the textile maker’s stock worth $28,779,000 after acquiring an additional 19,249 shares during the last quarter. Institutional investors own 95.69% of the company’s stock.
Carter’s Company Profile
Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.
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