Carter’s, Inc. (NYSE:CRI) Receives $110.13 Consensus Target Price from Analysts

Shares of Carter’s, Inc. (NYSE:CRI) have earned an average recommendation of “Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $110.13.

Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “strong-buy” rating and set a $118.00 price target for the company in a research report on Monday, June 21st. Monness Crespi & Hardt lifted their price target on Carter’s from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, May 3rd. Finally, B. Riley increased their price objective on Carter’s from $113.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, May 3rd.

In other news, SVP Jill Wilson sold 7,400 shares of the stock in a transaction that occurred on Tuesday, May 4th. The stock was sold at an average price of $110.32, for a total transaction of $816,368.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ben Pivar sold 2,019 shares of the stock in a transaction on Thursday, May 6th. The shares were sold at an average price of $109.10, for a total transaction of $220,272.90. Following the sale, the senior vice president now directly owns 10,496 shares of the company’s stock, valued at approximately $1,145,113.60. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board bought a new stake in shares of Carter’s in the 4th quarter worth $30,000. First Mercantile Trust Co. bought a new stake in Carter’s in the 1st quarter worth approximately $49,000. RBA Wealth Management LLC purchased a new stake in Carter’s during the 1st quarter valued at $64,000. Advisors Asset Management Inc. raised its stake in Carter’s by 42.0% during the 1st quarter. Advisors Asset Management Inc. now owns 2,161 shares of the textile maker’s stock valued at $192,000 after buying an additional 639 shares during the last quarter. Finally, Profund Advisors LLC bought a new position in shares of Carter’s during the 1st quarter valued at $245,000.

Shares of NYSE CRI opened at $98.06 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.07 and a current ratio of 2.92. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 0.77 and a beta of 1.41. The business’s fifty day moving average is $102.61. Carter’s has a 12-month low of $76.01 and a 12-month high of $116.92.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Thursday, April 29th. The textile maker reported $1.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $1.70. Carter’s had a net margin of 8.67% and a return on equity of 34.55%. The company had revenue of $787.60 million for the quarter, compared to analysts’ expectations of $656.02 million. During the same quarter in the prior year, the firm earned ($0.81) EPS. The business’s revenue was up 20.4% on a year-over-year basis. As a group, equities analysts anticipate that Carter’s will post 6.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 28th. Investors of record on Wednesday, May 12th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Tuesday, May 11th. Carter’s’s payout ratio is 38.46%.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter's little baby basics, and other brands in the United States and internationally. The company operates through three segments: U.S.

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Analyst Recommendations for Carter`s (NYSE:CRI)

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