Monness Crespi & Hardt Issues Positive Forecast for Carter’s (NYSE:CRI) Stock Price

Carter’s (NYSE:CRI) had its target price hoisted by Monness Crespi & Hardt from $45.00 to $50.00 in a report issued on Thursday morning, Marketbeat.com reports. Monness Crespi & Hardt currently has a buy rating on the textile maker’s stock.

Other analysts have also recently issued research reports about the stock. Citigroup upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and raised their target price for the stock from $34.00 to $50.00 in a research note on Wednesday, January 21st. Needham & Company LLC assumed coverage on shares of Carter’s in a report on Thursday, March 26th. They set a “hold” rating for the company. UBS Group raised their price objective on shares of Carter’s from $33.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Weiss Ratings cut Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Finally, Zacks Research raised Carter’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Carter’s currently has an average rating of “Hold” and a consensus price target of $39.50.

Carter’s Stock Performance

CRI traded up $0.16 on Thursday, hitting $35.91. 204,963 shares of the company traded hands, compared to its average volume of 1,266,604. Carter’s has a 12-month low of $23.38 and a 12-month high of $44.44. The company has a 50 day moving average of $35.90 and a 200-day moving average of $34.64. The company has a quick ratio of 1.44, a current ratio of 2.80 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $1.32 billion, a PE ratio of 14.49, a PEG ratio of 5.53 and a beta of 0.86.

Carter’s (NYSE:CRI) last released its earnings results on Wednesday, May 6th. The textile maker reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.26. Carter’s had a return on equity of 13.06% and a net margin of 3.07%.The business had revenue of $681.11 million for the quarter, compared to analyst estimates of $660.59 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Carter’s has set its Q2 2026 guidance at 0.020-0.060 EPS. Sell-side analysts anticipate that Carter’s will post 2.99 earnings per share for the current year.

Carter’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, March 13th. Carter’s’s dividend payout ratio (DPR) is currently 40.32%.

Institutional Trading of Carter’s

Several hedge funds and other institutional investors have recently bought and sold shares of the company. RWWM Inc. boosted its holdings in shares of Carter’s by 44.8% during the third quarter. RWWM Inc. now owns 5,900,170 shares of the textile maker’s stock worth $166,503,000 after purchasing an additional 1,824,379 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Carter’s by 113.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,564,457 shares of the textile maker’s stock valued at $77,267,000 after acquiring an additional 1,364,698 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Carter’s by 36.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,765,205 shares of the textile maker’s stock worth $63,121,000 after acquiring an additional 472,786 shares during the period. Rubric Capital Management LP acquired a new stake in shares of Carter’s in the fourth quarter worth approximately $14,918,000. Finally, Allianz Asset Management GmbH grew its holdings in Carter’s by 43.7% in the third quarter. Allianz Asset Management GmbH now owns 1,201,996 shares of the textile maker’s stock valued at $33,920,000 after purchasing an additional 365,501 shares during the period.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.