Research analysts at Bank of America Corporation began coverage on shares of Carter’s, Inc. (NYSE:CRI) in a research note issued to investors on Friday. The firm set a “buy” rating and a $106.00 price target on the textile maker’s stock. Bank of America Corporation’s target price would suggest a potential upside of 14.63% from the stock’s previous close.

A number of other research firms have also commented on CRI. BidaskClub upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Carter’s in a research note on Wednesday, June 21st. FBR & Co set a $111.00 price objective on shares of Carter’s and gave the company a “buy” rating in a research note on Friday, June 16th. CL King restated a “hold” rating on shares of Carter’s in a research note on Thursday, June 8th. Finally, Cowen and Company set a $92.00 price objective on shares of Carter’s and gave the company a “hold” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. Carter’s has an average rating of “Hold” and a consensus price target of $101.92.

Shares of Carter’s (NYSE:CRI) opened at 92.47 on Friday. Carter’s has a 12-month low of $77.94 and a 12-month high of $98.88. The firm has a 50-day moving average of $88.22 and a 200 day moving average of $88.11. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 18.13 and a beta of 0.30.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.09. The company had revenue of $692.10 million for the quarter, compared to analyst estimates of $681.08 million. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. Carter’s’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 earnings per share. Equities analysts forecast that Carter’s will post $5.61 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/09/17/carters-inc-cri-coverage-initiated-at-bank-of-america-corporation.html.

In other news, Director Thomas E. Whiddon sold 17,500 shares of Carter’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $90.35, for a total value of $1,581,125.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul Fulton sold 8,643 shares of Carter’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $87.58, for a total transaction of $756,953.94. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of 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 acquiring an additional 71,765 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Carter’s by 2.8% in the first quarter. Vanguard Group Inc. now owns 3,653,088 shares of the textile maker’s stock valued at $328,048,000 after acquiring an additional 99,586 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of 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 valued at $302,418,000 after acquiring an additional 3,141,568 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of 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 valued at $203,638,000 after acquiring an additional 2,139,567 shares in the last quarter. Finally, Valinor Management L.P. boosted its holdings in shares of 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 valued at $126,988,000 after acquiring an additional 15,200 shares in the last quarter. 97.27% of the stock is currently owned by institutional investors and hedge funds.

About Carter’s

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)

Receive News & Stock Ratings for Carter's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's Inc. and related stocks with our FREE daily email newsletter.