Carter’s, Inc. (CRI) Receives Average Rating of “Hold” from Brokerages
Carter’s, Inc. (NYSE:CRI) has been given a consensus rating of “Hold” by the thirteen analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $97.43.
A number of brokerages recently weighed in on CRI. BidaskClub lowered shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. CL King reissued a “hold” rating on shares of Carter’s in a research note on Thursday, June 8th. FBR & Co restated a “buy” rating on shares of Carter’s in a report on Thursday, July 13th. Cowen and Company set a $92.00 price target on shares of Carter’s and gave the stock a “hold” rating in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. set a $105.00 price target on shares of Carter’s and gave the stock a “buy” rating in a report on Wednesday, June 14th.
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Carter’s (NYSE:CRI) traded down 1.28% on Wednesday, reaching $85.92. The company’s stock had a trading volume of 567,939 shares. The stock has a market cap of $4.11 billion, a PE ratio of 16.85 and a beta of 0.32. The company’s 50 day moving average price is $87.15 and its 200-day moving average price is $87.54. Carter’s has a 12-month low of $77.94 and a 12-month high of $98.88.
Carter’s (NYSE:CRI) last announced its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.09. Carter’s had a return on equity of 33.18% and a net margin of 7.74%. The company had revenue of $692.10 million for the quarter, compared to the consensus estimate of $681.08 million. During the same period last year, the firm earned $0.72 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts expect that Carter’s will post $5.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Tuesday, August 29th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, August 25th. Carter’s’s dividend payout ratio (DPR) is presently 29.08%.
In related news, Director Thomas E. Whiddon sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $90.35, for a total transaction of $1,581,125.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.
A number of institutional investors have recently modified their holdings of CRI. BlackRock Inc. raised its stake in Carter’s by 1.8% in the second quarter. BlackRock Inc. now owns 4,110,338 shares of the textile maker’s stock valued at $365,614,000 after buying an additional 71,765 shares during the last quarter. Vanguard Group Inc. raised its stake in Carter’s by 2.8% in the first quarter. Vanguard Group Inc. now owns 3,653,088 shares of the textile maker’s stock worth $328,048,000 after buying an additional 99,586 shares during the last quarter. Janus Henderson Group PLC raised its stake in Carter’s by 1,216.2% in the second quarter. Janus Henderson Group PLC now owns 3,399,870 shares of the textile maker’s stock worth $302,418,000 after buying an additional 3,141,568 shares during the last quarter. Lazard Asset Management LLC raised its stake in Carter’s by 1,428.4% in the second quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock worth $203,638,000 after buying an additional 2,139,567 shares during the last quarter. Finally, Valinor Management L.P. raised its stake in Carter’s by 1.1% in the first quarter. Valinor Management L.P. now owns 1,414,121 shares of the textile maker’s stock worth $126,988,000 after buying an additional 15,200 shares during the last quarter. 97.27% of the stock is 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 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.
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