Carter’s (NYSE:CRI) had its target price increased by Citigroup from $107.00 to $113.00 in a research report report published on Monday morning. The firm currently has a buy rating on the textile maker’s stock.

Several other research analysts also recently issued reports on CRI. Zacks Investment Research upgraded shares of Carter’s from a hold rating to a buy rating and set a $105.00 target price on the stock in a research note on Tuesday, September 18th. Cowen set a $95.00 target price on shares of Carter’s and gave the stock a hold rating in a research note on Thursday, October 18th. Wells Fargo & Co dropped their target price on shares of Carter’s from $126.00 to $115.00 and set an outperform rating on the stock in a research note on Monday, October 22nd. Monness Crespi & Hardt dropped their target price on shares of Carter’s from $130.00 to $120.00 and set a buy rating on the stock in a research note on Friday, October 26th. Finally, Macquarie set a $100.00 price objective on shares of Carter’s and gave the company a buy rating in a report on Friday, October 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $111.20.

Shares of NYSE CRI opened at $88.93 on Monday. The company has a market capitalization of $4.08 billion, a PE ratio of 15.31, a PEG ratio of 1.80 and a beta of 0.56. Carter’s has a 52-week low of $86.18 and a 52-week high of $129.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.49 and a current ratio of 3.67.

Carter’s (NYSE:CRI) last issued its earnings results on Thursday, October 25th. The textile maker reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.12). The firm had revenue of $923.91 million during the quarter, compared to the consensus estimate of $940.87 million. Carter’s had a return on equity of 33.05% and a net margin of 8.44%. On average, research analysts anticipate that Carter’s will post 6.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 27th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.02%. Carter’s’s payout ratio is 31.25%.

In other news, SVP Jill Wilson sold 2,835 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $96.27, for a total transaction of $272,925.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Michael Dennis Casey sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $95.26, for a total transaction of $2,381,500.00. The disclosure for this sale can be found here. Insiders have sold 102,835 shares of company stock valued at $9,606,925 over the last three months. 3.30% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRI. Vident Investment Advisory LLC increased its holdings 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 valued at $1,363,000 after buying an additional 2,177 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Carter’s by 22.6% in the second quarter. Great West Life Assurance Co. Can now owns 34,727 shares of the textile maker’s stock worth $3,766,000 after purchasing an additional 6,404 shares in the last quarter. Palo Capital Inc. increased its stake in shares of Carter’s by 5.0% in the third quarter. Palo Capital Inc. now owns 21,516 shares of the textile maker’s stock worth $2,121,000 after purchasing an additional 1,027 shares in the last quarter. LSV Asset Management increased its stake in shares of Carter’s by 73.8% in the second quarter. LSV Asset Management now owns 90,722 shares of the textile maker’s stock worth $9,833,000 after purchasing an additional 38,522 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Carter’s in the second quarter worth $362,000.

About Carter’s

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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