Carter’s (NYSE:CRI) Stock Rating Upgraded by BMO Capital Markets

Carter’s (NYSE:CRI) was upgraded by research analysts at BMO Capital Markets to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

Several other research firms also recently commented on CRI. Citigroup reaffirmed a “buy” rating on shares of Carter’s in a report on Tuesday, July 21st. Capital One Financial set a $40.00 target price on shares of Carter’s in a report on Tuesday. Weiss Ratings upgraded Carter’s from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. UBS Group reaffirmed a “buy” rating on shares of Carter’s in a report on Wednesday, July 8th. Finally, Wall Street Zen cut Carter’s from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Carter’s has a consensus rating of “Moderate Buy” and a consensus price target of $40.88.

Carter’s Trading Down 5.9%

Shares of Carter’s stock opened at $30.19 on Tuesday. Carter’s has a 52-week low of $27.15 and a 52-week high of $44.44. The stock’s 50-day simple moving average is $37.13 and its 200 day simple moving average is $37.32. The stock has a market capitalization of $1.11 billion, a P/E ratio of 5.65, a P/E/G ratio of 3.61 and a beta of 0.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 2.47.

Carter’s (NYSE:CRI) last issued its earnings results on Friday, July 31st. The textile maker reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.20. The firm had revenue of $615.49 million during the quarter, compared to analyst estimates of $605.68 million. Carter’s had a net margin of 6.55% and a return on equity of 12.78%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.17 earnings per share. As a group, research analysts anticipate that Carter’s will post 3.28 EPS for the current year.

Institutional Trading of Carter’s

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. grew its position in shares of Carter’s by 445.8% during the 4th quarter. UMB Bank n.a. now owns 775 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 633 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Carter’s by 555.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,115 shares of the textile maker’s stock valued at $31,000 after buying an additional 945 shares during the period. EverSource Wealth Advisors LLC grew its position in Carter’s by 202.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker’s stock worth $45,000 after buying an additional 995 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Carter’s by 21.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,577 shares of the textile maker’s stock worth $51,000 after acquiring an additional 282 shares during the last quarter. Finally, State of Wyoming increased its stake in Carter’s by 1,380.6% in the 4th quarter. State of Wyoming now owns 2,132 shares of the textile maker’s stock worth $69,000 after acquiring an additional 1,988 shares during the last quarter.

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.