Carter’s, Inc. (CRI) Receives $100.30 Consensus Target Price from Analysts

Carter’s, Inc. (NYSE:CRI) has received a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $100.30.

CRI has been the topic of a number of research reports. BidaskClub upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Carter’s in a report on Wednesday, June 21st. FBR & Co set a $111.00 price objective on shares of Carter’s and gave the stock a “buy” rating in a report on Friday, June 16th. CL King restated a “hold” rating on shares of Carter’s in a report on Thursday, June 8th. Finally, Bank of America Corporation assumed coverage on shares of Carter’s in a report on Friday, September 15th. They set a “buy” rating and a $106.00 price objective on the stock.

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In related news, Director Paul Fulton sold 8,643 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $87.58, for a total transaction of $756,953.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas E. Whiddon sold 17,500 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $90.35, for a total transaction of $1,581,125.00. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new position in Carter’s during the second quarter valued at about $118,000. Advisory Services Network LLC bought a new position in Carter’s during the second quarter valued at about $125,000. Mountain Capital Investment Advisors Inc bought a new position in Carter’s during the second quarter valued at about $128,000. PNC Financial Services Group Inc. grew its position in Carter’s by 2.1% during the second quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock valued at $151,000 after buying an additional 35 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Carter’s by 7.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock valued at $156,000 after buying an additional 124 shares during the period. Institutional investors own 97.10% of the company’s stock.

Shares of Carter’s (NYSE:CRI) traded up 1.34% during midday trading on Friday, hitting $94.49. 774,034 shares of the company were exchanged. Carter’s has a one year low of $77.94 and a one year high of $96.69. The firm’s 50 day moving average price is $88.57 and its 200 day moving average price is $88.18. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 18.53 and a beta of 0.30.

Carter’s (NYSE:CRI) last released its earnings results on Thursday, July 27th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.09. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. The company had revenue of $692.10 million for the quarter, compared to the consensus estimate of $681.08 million. During the same quarter in the previous year, the company earned $0.72 EPS. Carter’s’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts forecast that Carter’s will post $5.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, August 29th were issued a $0.37 dividend. The ex-dividend date was Friday, August 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. Carter’s’s dividend payout ratio is currently 29.08%.

About Carter’s

Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.

Analyst Recommendations for Carter`s (NYSE:CRI)

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