Zacks Investment Research downgraded shares of Carter’s Inc. (NYSE:CRI) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

According to Zacks, “Carter’s, Inc. is a leading provider of apparel and related products exclusively for babies and young children. The Company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally and through Company-operated stores and on-line at and The Company’s Child of Mine brand is available at Walmart, and its Genuine Kids, Just One You, and Precious Firsts brands are available at Target. “

CRI has been the subject of a number of other reports. FBR & Co restated a buy rating and set a $111.00 price objective on shares of Carter’s in a research report on Friday, September 16th. Citigroup Inc. restated a neutral rating on shares of Carter’s in a research report on Wednesday, June 1st. Oppenheimer Holdings Inc. reiterated an outperform rating and set a $115.00 price target on shares of Carter’s in a report on Friday, September 9th. Monness Crespi & Hardt upgraded Carter’s from a neutral rating to a buy rating and set a $118.00 price target for the company in a report on Monday, August 8th. Finally, Wells Fargo & Co. lowered Carter’s from an outperform rating to a market perform rating and reduced their price target for the company from $111.00 to $93.00 in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $109.00.

Analyst Recommendations for Carter`s (NYSE:CRI)

Carter’s (NYSE:CRI) opened at 88.16 on Wednesday. The stock’s 50 day moving average price is $96.96 and its 200 day moving average price is $102.07. Carter’s has a 1-year low of $82.22 and a 1-year high of $112.58. The stock has a market capitalization of $4.41 billion, a PE ratio of 18.95 and a beta of 0.62.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.06. Carter’s had a return on equity of 29.33% and a net margin of 7.86%. The firm earned $639 million during the quarter, compared to analyst estimates of $636.86 million. During the same period last year, the company posted $0.73 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts forecast that Carter’s will post $5.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Tuesday, August 30th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, August 26th. Carter’s’s dividend payout ratio is currently 28.39%.

In other Carter’s news, CFO Richard F. Westenberger sold 2,500 shares of Carter’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $101.00, for a total value of $252,500.00. The sale was disclosed in a filing with the SEC, which is available through this link. 3.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of Carter’s by 25.2% in the second quarter. IFP Advisors Inc now owns 989 shares of the company’s stock valued at $105,000 after buying an additional 199 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Carter’s during the second quarter valued at approximately $106,000. Bancorpsouth Inc. acquired a new position in shares of Carter’s during the first quarter valued at approximately $220,000. Genesee Valley Trust Co. acquired a new position in shares of Carter’s during the second quarter valued at approximately $223,000. Finally, Advisor Group Inc. acquired a new position in shares of Carter’s during the second quarter valued at approximately $224,000. 90.76% of the stock is currently owned by institutional investors.

Carter’s Company Profile

Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. Its international segment includes Company-operated retail stores, wholesale and online operations in addition to royalty income from its international licensees.

5 Day Chart for NYSE:CRI

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