Shares of Carter’s, Inc. (NYSE:CRI) have earned a consensus rating of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $107.68.

Several brokerages have recently commented on CRI. DA Davidson began coverage on Carter’s in a report on Tuesday, April 23rd. They set a “neutral” rating and a $105.15 target price for the company. Deutsche Bank began coverage on Carter’s in a report on Tuesday, April 16th. They set a “hold” rating and a $99.00 target price for the company. Zacks Investment Research raised Carter’s from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a report on Tuesday, April 2nd. Citigroup reaffirmed a “buy” rating and set a $120.00 target price on shares of Carter’s in a report on Monday, March 18th. Finally, TheStreet raised Carter’s from a “c+” rating to a “b-” rating in a report on Wednesday, March 13th.

In related news, CFO Richard F. Westenberger sold 6,185 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $98.44, for a total transaction of $608,851.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kendra Krugman sold 500 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $108.44, for a total value of $54,220.00. The disclosure for this sale can be found here. Insiders have sold 19,883 shares of company stock worth $1,993,643 over the last three months. 3.20% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its position in Carter’s by 0.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 15,300 shares of the textile maker’s stock worth $1,542,000 after purchasing an additional 100 shares during the last quarter. Cascade Investment Advisors Inc. increased its position in Carter’s by 2.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 7,820 shares of the textile maker’s stock worth $638,000 after purchasing an additional 160 shares during the last quarter. Private Capital Group LLC increased its position in Carter’s by 38.8% in the 1st quarter. Private Capital Group LLC now owns 587 shares of the textile maker’s stock worth $59,000 after purchasing an additional 164 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Carter’s by 0.8% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 21,670 shares of the textile maker’s stock worth $2,171,000 after purchasing an additional 167 shares during the last quarter. Finally, Alpha Quant Advisors LLC increased its position in Carter’s by 112.7% in the 1st quarter. Alpha Quant Advisors LLC now owns 334 shares of the textile maker’s stock worth $34,000 after purchasing an additional 177 shares during the last quarter. 95.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CRI traded down $0.46 during mid-day trading on Friday, hitting $91.35. 609,400 shares of the company traded hands, compared to its average volume of 756,684. Carter’s has a 1 year low of $75.66 and a 1 year high of $118.22. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.84 and a beta of 0.62. The company has a quick ratio of 1.25, a current ratio of 2.68 and a debt-to-equity ratio of 0.74.

Carter’s (NYSE:CRI) last announced its earnings results on Tuesday, April 30th. The textile maker reported $0.87 EPS for the quarter, beating the consensus estimate of $0.70 by $0.17. Carter’s had a return on equity of 33.91% and a net margin of 7.95%. The business had revenue of $741.06 million during the quarter, compared to the consensus estimate of $724.08 million. During the same period in the prior year, the business posted $1.09 earnings per share. Carter’s’s revenue was down 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that Carter’s will post 6.64 EPS for the current fiscal year.

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, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

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Analyst Recommendations for Carter`s (NYSE:CRI)

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