UBS Group Has Lowered Expectations for Carter’s (NYSE:CRI) Stock Price

Carter’s (NYSE:CRI) had its target price cut by stock analysts at UBS Group from $38.00 to $33.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. UBS Group‘s target price suggests a potential upside of 4.20% from the company’s previous close.

Several other brokerages have also issued reports on CRI. Wall Street Zen lowered Carter’s from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 26th. BMO Capital Markets assumed coverage on shares of Carter’s in a research report on Tuesday, September 8th. They set an “outperform” rating and a $40.00 price objective for the company. Bank of America lowered their price objective on shares of Carter’s from $30.00 to $28.00 and set an “underperform” rating for the company in a research note on Monday. Needham & Company LLC reiterated a “hold” rating on shares of Carter’s in a research report on Tuesday, October 20th. Finally, Citigroup reaffirmed a “buy” rating on shares of Carter’s in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $38.62.

Carter’s Trading Up 0.4%

Shares of NYSE CRI traded up $0.13 during trading on Monday, reaching $31.67. The company had a trading volume of 1,868,910 shares, compared to its average volume of 1,207,982. The stock has a market cap of $1.16 billion, a P/E ratio of 5.26, a PEG ratio of 3.61 and a beta of 0.84. The company’s fifty day moving average price is $31.98 and its 200-day moving average price is $36.28. The company has a quick ratio of 1.63, a current ratio of 2.78 and a debt-to-equity ratio of 0.54. Carter’s has a 12 month low of $27.86 and a 12 month high of $44.44.

Carter’s (NYSE:CRI) last released its earnings results on Friday, October 30th. The textile maker reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.18. Carter’s had a net margin of 7.40% and a return on equity of 13.25%. The business had revenue of $752.46 million during the quarter, compared to the consensus estimate of $747.34 million. During the same quarter in the prior year, the firm posted $0.74 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, research analysts expect that Carter’s will post 3.22 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in shares of Carter’s by 36.6% in 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 last quarter. Rubric Capital Management LP boosted its stake in Carter’s by 121.5% during the 1st quarter. Rubric Capital Management LP now owns 1,018,853 shares of the textile maker’s stock valued at $36,434,000 after purchasing an additional 558,853 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Carter’s during the 2nd quarter valued at about $28,348,000. Wellington Management Group LLP boosted its stake in Carter’s by 11.9% during the 2nd quarter. Wellington Management Group LLP now owns 645,863 shares of the textile maker’s stock valued at $26,584,000 after purchasing an additional 68,464 shares during the last quarter. Finally, Aristides Capital LLC increased its holdings in Carter’s by 123.3% during the 1st quarter. Aristides Capital LLC now owns 163,949 shares of the textile maker’s stock worth $5,863,000 after purchasing an additional 90,533 shares in the last quarter.

About Carter’s

Carter’s, Inc (NYSE:CRI) is a major designer, source and marketer of apparel and related products for babies and young children. The company offers clothing, accessories, footwear, gifts and other products for infants, toddlers and children through brands including Carter’s, OshKosh B’gosh, Little Planet and Skip Hop.

Founded in 1865, Carter’s has built a long-standing presence in the children’s apparel market. Its products are sold through company-operated retail stores, e-commerce websites and wholesale partners, including department stores, mass merchants and specialty retailers.