Carter's (CRI) Price Target Raised to $124.00 at B. Riley
Carter's (NYSE:CRI) had its price objective raised by B. Riley from $111.00 to $124.00 in a research note issued to investors on Monday morning. The brokerage currently has a buy rating on the textile maker’s stock.
A number of other equities research analysts have also recently commented on CRI. Macquarie started coverage on shares of Carter's in a report on Tuesday, August 29th. They issued an outperform rating and a $110.00 target price for the company. Goldman Sachs Group initiated coverage on shares of Carter's in a report on Tuesday, September 5th. They issued a buy rating and a $105.00 target price for the company. Bank of America initiated coverage on shares of Carter's in a report on Friday, September 15th. They set a buy rating and a $106.00 price target for the company. Zacks Investment Research raised shares of Carter's from a hold rating to a buy rating and set a $107.00 price target for the company in a report on Tuesday, September 26th. Finally, Cowen set a $92.00 price target on shares of Carter's and gave the stock a hold rating in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Carter's has a consensus rating of Buy and an average target price of $107.92.
Shares of Carter's (CRI) opened at $115.57 on Monday. Carter's has a 1-year low of $77.94 and a 1-year high of $117.40. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89. The company has a market cap of $5,470.00, a PE ratio of 21.50, a PEG ratio of 2.21 and a beta of 0.37.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 20th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, November 17th. This represents a $1.48 annualized dividend and a yield of 1.28%. Carter's’s dividend payout ratio is currently 28.46%.
In related news, EVP Julie D’emilio sold 3,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $108.25, for a total transaction of $324,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Michael Dennis Casey sold 26,524 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $99.14, for a total transaction of $2,629,589.36. The disclosure for this sale can be found here. Insiders have sold 124,507 shares of company stock valued at $12,861,396 over the last three months. 3.10% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in Carter's by 1.8% during the second quarter. BlackRock Inc. now owns 4,110,338 shares of the textile maker’s stock worth $365,614,000 after buying an additional 71,765 shares during the period. Janus Henderson Group PLC grew its position in Carter's by 0.3% during the third quarter. Janus Henderson Group PLC now owns 3,411,220 shares of the textile maker’s stock worth $336,858,000 after buying an additional 11,350 shares during the period. Lazard Asset Management LLC grew its position in Carter's by 1,428.4% during the second quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock worth $203,638,000 after buying an additional 2,139,567 shares during the period. State Street Corp grew its position in Carter's by 1.7% during the second quarter. State Street Corp now owns 1,321,596 shares of the textile maker’s stock worth $117,556,000 after buying an additional 22,158 shares during the period. Finally, Harris Associates L P grew its position in Carter's by 3.2% during the second quarter. Harris Associates L P now owns 968,440 shares of the textile maker’s stock worth $86,143,000 after buying an additional 29,845 shares during the period. Institutional investors own 98.67% of the company’s stock.
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.
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