Carter’s Inc. (CRI) Now Covered by Analysts at Credit Agricole SA
Credit Agricole SA initiated coverage on shares of Carter’s Inc. (NYSE:CRI) in a research report report published on Wednesday. The brokerage issued an underperform rating and a $95.00 target price on the stock.
CRI has been the subject of a number of other research reports. FBR & Co restated a buy rating and issued a $111.00 price target on shares of Carter’s in a report on Friday, September 16th. Cowen and Company assumed coverage on Carter’s in a report on Wednesday, July 13th. They issued a market perform rating and a $110.00 price target for the company. Citigroup Inc. restated a neutral rating on shares of Carter’s in a report on Wednesday, June 1st. Wells Fargo & Co. cut Carter’s from an outperform rating to a market perform rating and decreased their price target for the stock from $111.00 to $93.00 in a report on Tuesday. Finally, Oppenheimer Holdings Inc. reiterated an outperform rating and set a $115.00 target price on shares of Carter’s in a research note on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $109.00.
Shares of Carter’s (NYSE:CRI) opened at 88.16 on Wednesday. The company has a 50-day moving average of $96.96 and a 200 day moving average of $102.07. The firm has a market cap of $4.41 billion, a PE ratio of 18.95 and a beta of 0.62. Carter’s has a one year low of $82.22 and a one year high of $112.58.
Carter’s (NYSE:CRI) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.06. The firm earned $639 million during the quarter, compared to analysts’ expectations of $636.86 million. Carter’s had a return on equity of 29.33% and a net margin of 7.86%. Carter’s’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. On average, equities research analysts expect that Carter’s will post $5.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Tuesday, August 30th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend 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 the stock in a transaction 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 document filed with the SEC, which is available through this link. 3.10% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of CRI. Chicago Equity Partners LLC raised its position in shares of Carter’s by 0.3% in the second quarter. Chicago Equity Partners LLC now owns 16,670 shares of the company’s stock worth $1,775,000 after buying an additional 50 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Carter’s by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,442 shares of the company’s stock worth $686,000 after buying an additional 59 shares during the period. Boston Private Wealth LLC raised its position in shares of Carter’s by 0.7% in the second quarter. Boston Private Wealth LLC now owns 10,014 shares of the company’s stock worth $1,066,000 after buying an additional 72 shares during the period. Loomis Sayles & Co. L P raised its position in shares of Carter’s by 0.4% in the first quarter. Loomis Sayles & Co. L P now owns 22,601 shares of the company’s stock worth $2,382,000 after buying an additional 82 shares during the period. Finally, Comerica Bank raised its position in shares of Carter’s by 0.3% in the second quarter. Comerica Bank now owns 38,717 shares of the company’s stock worth $3,871,000 after buying an additional 117 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.
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.
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