Carter’s (NYSE:CRI) Research Coverage Started at Needham & Company LLC

Needham & Company LLC began coverage on shares of Carter’s (NYSE:CRI) in a report issued on Thursday morning, MarketBeat reports. The firm issued a hold rating on the textile maker’s stock.

A number of other equities analysts have also recently issued reports on CRI. The Goldman Sachs Group raised their target price on shares of Carter’s from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Tuesday, January 13th. Weiss Ratings upgraded Carter’s from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. Wall Street Zen raised Carter’s from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Zacks Research upgraded Carter’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Monness Crespi & Hardt raised Carter’s from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Carter’s currently has a consensus rating of “Hold” and an average price target of $35.83.

Carter’s Stock Performance

Shares of CRI opened at $34.85 on Thursday. The stock has a market capitalization of $1.27 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 5.18 and a beta of 1.07. The business’s fifty day moving average price is $36.73 and its 200 day moving average price is $33.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.51 and a quick ratio of 1.44. Carter’s has a 12-month low of $23.38 and a 12-month high of $44.44.

Carter’s (NYSE:CRI) last issued its earnings results on Friday, February 27th. The textile maker reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.20. Carter’s had a net margin of 3.17% and a return on equity of 14.45%. The company had revenue of $925.45 million for the quarter, compared to analysts’ expectations of $912.36 million. During the same period in the prior year, the company earned $2.39 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. Carter’s has set its Q1 2026 guidance at 0.020-0.080 EPS. Equities research analysts forecast that Carter’s will post 5.15 EPS for the current year.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.9%. Carter’s’s dividend payout ratio is presently 39.68%.

Institutional Investors Weigh In On Carter’s

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. increased its stake in Carter’s by 445.8% during the 4th quarter. UMB Bank n.a. now owns 775 shares of the textile maker’s stock valued at $25,000 after buying an additional 633 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Carter’s by 555.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,115 shares of the textile maker’s stock worth $31,000 after acquiring an additional 945 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Carter’s by 1,208.1% in the third quarter. Hantz Financial Services Inc. now owns 1,295 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 1,196 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Carter’s by 135.4% in the third quarter. Versant Capital Management Inc now owns 1,415 shares of the textile maker’s stock valued at $40,000 after acquiring an additional 814 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Carter’s by 202.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 995 shares during the period.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.