Carter’s (NYSE:CRI) Upgraded at The Goldman Sachs Group

Carter’s (NYSE:CRI) was upgraded by equities researchers at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report released on Thursday. The brokerage presently has a $38.00 target price on the textile maker’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 9.72% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. UBS Group raised their price objective on Carter’s from $33.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Monness Crespi & Hardt upgraded Carter’s from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Monday, March 2nd. Weiss Ratings raised Carter’s from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 19th. Citigroup upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and upped their price target for the company from $34.00 to $50.00 in a report on Wednesday, January 21st. Finally, Needham & Company LLC initiated coverage on shares of Carter’s in a research report on Thursday, March 26th. They issued a “hold” rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $37.33.

Carter’s Stock Down 1.7%

Shares of CRI opened at $34.63 on Thursday. Carter’s has a 1 year low of $23.38 and a 1 year high of $44.44. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.51 and a quick ratio of 1.44. The stock has a 50 day simple moving average of $36.68 and a two-hundred day simple moving average of $33.62. The firm has a market cap of $1.28 billion, a P/E ratio of 13.74, a P/E/G ratio of 5.34 and a beta of 0.98.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Friday, February 27th. The textile maker reported $1.90 EPS for the quarter, topping the consensus estimate of $1.70 by $0.20. The firm had revenue of $925.45 million for the quarter, compared to the consensus estimate of $912.36 million. Carter’s had a net margin of 3.17% and a return on equity of 14.45%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.39 earnings per share. Carter’s has set its Q1 2026 guidance at 0.020-0.080 EPS. On average, analysts forecast that Carter’s will post 5.15 earnings per share for the current fiscal year.

Institutional Trading of Carter’s

Large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC boosted its stake in shares of Carter’s by 66.5% during the 4th quarter. Corient Private Wealth LLC now owns 19,349 shares of the textile maker’s stock valued at $627,000 after purchasing an additional 7,728 shares in the last quarter. Kera Capital Partners Inc. purchased a new position in shares of Carter’s in the 4th quarter valued at approximately $298,000. Invesco Ltd. boosted its position in shares of Carter’s by 23.0% during the fourth quarter. Invesco Ltd. now owns 268,789 shares of the textile maker’s stock valued at $8,717,000 after purchasing an additional 50,243 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Carter’s by 2.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,279 shares of the textile maker’s stock worth $982,000 after purchasing an additional 629 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Carter’s in the fourth quarter worth $331,000.

About Carter’s

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.