Macquarie initiated coverage on shares of Carter’s, Inc. (NYSE:CRI) in a research report sent to investors on Tuesday, Marketbeat.com reports. The firm issued an outperform rating and a $110.00 price target on the textile maker’s stock.

Several other analysts have also recently weighed in on CRI. BidaskClub cut shares of Carter’s from a hold rating to a sell rating in a report on Monday, August 14th. CL King reiterated a hold rating on shares of Carter’s in a report on Thursday, June 8th. FBR & Co reiterated 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 company 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 company a buy rating in a report on Wednesday, June 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $101.27.

Carter’s (NYSE CRI) opened at 88.83 on Tuesday. The firm has a market cap of $4.25 billion, a P/E ratio of 17.42 and a beta of 0.30. The company’s 50 day moving average is $87.16 and its 200-day moving average is $87.73. Carter’s has a 52-week low of $77.94 and a 52-week high of $98.88.

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

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 29th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, August 25th. Carter’s’s dividend payout ratio (DPR) is presently 29.08%.

In other news, Director Thomas E. Whiddon sold 17,500 shares of the business’s stock in a transaction 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 legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc raised its position in Carter’s by 2.7% in the first quarter. IFP Advisors Inc now owns 1,155 shares of the textile maker’s stock valued at $104,000 after buying an additional 30 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Carter’s during the second quarter valued at about $118,000. Benjamin F. Edwards & Company Inc. raised its position in Carter’s by 100.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,392 shares of the textile maker’s stock valued at $125,000 after buying an additional 696 shares in the last quarter. Advisory Services Network LLC bought a new position in Carter’s during the second quarter valued at about $125,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in Carter’s during the second quarter valued at about $128,000. 97.27% of the stock is owned by hedge funds and other 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 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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