Carter’s Inc. (CRI) Given Consensus Rating of “Hold” by Brokerages
Carter’s Inc. (NYSE:CRI) has received an average rating of “Hold” from the ten brokerages that are currently covering the firm. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $108.00.
A number of brokerages have recently commented on CRI. Zacks Investment Research cut shares of Carter’s from a “strong-buy” rating to a “hold” rating in a report on Friday, July 29th. Cowen and Company began coverage on shares of Carter’s in a report on Wednesday, July 13th. They issued a “market perform” rating and a $110.00 target price on the stock. Monness Crespi & Hardt raised shares of Carter’s from a “neutral” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Monday, August 8th. FBR & Co reaffirmed a “buy” rating and issued a $111.00 target price on shares of Carter’s in a report on Friday, September 16th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $115.00 price objective on shares of Carter’s in a research note on Friday, September 9th.
In other news, CFO Richard F. Westenberger sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $101.00, for a total transaction of $252,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of CRI. Aperio Group LLC boosted its position in Carter’s by 15.1% in the first quarter. Aperio Group LLC now owns 7,238 shares of the company’s stock worth $763,000 after buying an additional 951 shares during the period. CIBC World Markets Inc. acquired a new stake in Carter’s during the first quarter valued at approximately $284,000. Ngam Advisors L.P. raised its stake in Carter’s by 11.8% in the first quarter. Ngam Advisors L.P. now owns 15,338 shares of the company’s stock valued at $1,616,000 after buying an additional 1,613 shares in the last quarter. BlackRock Inc. raised its stake in Carter’s by 93.7% in the first quarter. BlackRock Inc. now owns 43,074 shares of the company’s stock valued at $4,539,000 after buying an additional 20,832 shares in the last quarter. Finally, BlackRock Group LTD raised its stake in Carter’s by 51.9% in the first quarter. BlackRock Group LTD now owns 76,519 shares of the company’s stock valued at $8,063,000 after buying an additional 26,152 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of Carter’s (NYSE:CRI) traded down 0.89% during midday trading on Tuesday, hitting $87.63. 272,838 shares of the stock were exchanged. Carter’s has a 12-month low of $82.22 and a 12-month high of $112.58. The firm has a market cap of $4.39 billion, a PE ratio of 18.84 and a beta of 0.67. The firm has a 50-day moving average price of $94.00 and a 200 day moving average price of $101.25.
Carter’s (NYSE:CRI) last announced its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. The business had revenue of $639 million for the quarter, compared to analysts’ expectations of $636.86 million. Carter’s had a net margin of 7.86% and a return on equity of 29.33%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. Analysts predict that Carter’s will post $5.07 earnings per share for the current fiscal year.
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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