Carter’s, Inc. (NYSE:CRI) has earned an average recommendation of “Buy” from the fifteen brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $119.33.

A number of brokerages have recently issued reports on CRI. Cowen set a $109.00 price objective on Carter’s and gave the stock a “hold” rating in a report on Tuesday, April 24th. ValuEngine cut Carter’s from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. SunTrust Banks reiterated a “hold” rating and issued a $111.00 price target on shares of Carter’s in a research note on Friday, April 27th. They noted that the move was a valuation call. Monness Crespi & Hardt reiterated a “buy” rating and issued a $130.00 price target (down from $137.00) on shares of Carter’s in a research note on Monday, April 30th. Finally, Zacks Investment Research upgraded Carter’s from a “sell” rating to a “hold” rating in a research note on Monday, July 30th.

In related news, EVP Kevin Doyle Corning sold 3,491 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $108.51, for a total value of $378,808.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Pulver purchased 4,500 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was bought at an average price of $103.33 per share, with a total value of $464,985.00. Following the completion of the purchase, the director now owns 58,517 shares of the company’s stock, valued at approximately $6,046,561.61. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new stake in Carter’s during the second quarter worth $22,183,000. Vident Investment Advisory LLC lifted its stake in Carter’s by 20.9% during the second quarter. Vident Investment Advisory LLC now owns 12,578 shares of the textile maker’s stock worth $1,363,000 after purchasing an additional 2,177 shares during the last quarter. Paloma Partners Management Co bought a new stake in Carter’s during the second quarter worth $489,000. Point72 Hong Kong Ltd bought a new stake in Carter’s during the second quarter worth $195,000. Finally, Bank of America Corp DE lifted its stake in Carter’s by 3.3% during the second quarter. Bank of America Corp DE now owns 280,678 shares of the textile maker’s stock worth $30,422,000 after purchasing an additional 8,973 shares during the last quarter. Hedge funds and other institutional investors own 98.15% of the company’s stock.

Shares of NYSE:CRI traded up $1.88 during trading on Thursday, reaching $111.12. 547,200 shares of the stock were exchanged, compared to its average volume of 825,844. Carter’s has a 12 month low of $83.84 and a 12 month high of $129.00. The stock has a market cap of $5.08 billion, a PE ratio of 19.29, a P/E/G ratio of 1.82 and a beta of 0.46. The company has a quick ratio of 1.24, a current ratio of 3.36 and a debt-to-equity ratio of 0.84.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, July 26th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.22. Carter’s had a return on equity of 34.29% and a net margin of 8.69%. The company had revenue of $696.20 million during the quarter, compared to analysts’ expectations of $684.04 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The business’s revenue was up .6% on a year-over-year basis. equities research analysts expect that Carter’s will post 6.45 earnings per share for the current year.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.

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Analyst Recommendations for Carter`s (NYSE:CRI)

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