TheStreet upgraded shares of Carter’s (NYSE:CRI) from a c+ rating to a b- rating in a research note published on Wednesday.

A number of other equities analysts also recently issued reports on CRI. ValuEngine upgraded shares of Carter’s from a sell rating to a hold rating in a report on Monday, February 25th. Zacks Investment Research downgraded shares of Carter’s from a hold rating to a sell rating in a report on Wednesday, February 13th. Wells Fargo & Co cut their price target on shares of Carter’s from $105.00 to $98.00 and set an outperform rating for the company in a report on Wednesday, January 2nd. Finally, Citigroup increased their price target on shares of Carter’s from $107.00 to $113.00 and gave the company a buy rating in a report on Monday, December 3rd. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $106.67.

Shares of Carter’s stock opened at $94.85 on Wednesday. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.75 and a beta of 0.61. The company has a quick ratio of 1.43, a current ratio of 3.19 and a debt-to-equity ratio of 0.68. Carter’s has a one year low of $75.66 and a one year high of $118.22.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Monday, February 25th. The textile maker reported $2.84 EPS for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.28. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Carter’s had a net margin of 8.15% and a return on equity of 35.33%. Carter’s’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.32 EPS. On average, equities research analysts forecast that Carter’s will post 6.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Monday, March 11th. This is an increase from Carter’s’s previous quarterly dividend of $0.45. Carter’s’s dividend payout ratio (DPR) is currently 31.80%.

In other Carter’s news, CFO Richard F. Westenberger sold 6,185 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $98.44, for a total transaction of $608,851.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Pulver bought 1,000 shares of the company’s stock in a transaction on Wednesday, December 19th. The shares were acquired at an average price of $80.10 per share, with a total value of $80,100.00. Following the completion of the acquisition, the director now directly owns 65,517 shares in the company, valued at approximately $5,247,911.70. The disclosure for this purchase can be found here. Insiders sold a total of 12,660 shares of company stock valued at $1,218,660 in the last quarter. Insiders own 3.30% of the company’s stock.

A number of large investors have recently bought and sold shares of CRI. Norges Bank purchased a new position in Carter’s during the 4th quarter valued at about $53,891,000. Diamond Hill Capital Management Inc. increased its holdings in Carter’s by 336.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 508,933 shares of the textile maker’s stock valued at $50,181,000 after acquiring an additional 392,378 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Carter’s by 16.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,544,797 shares of the textile maker’s stock valued at $207,706,000 after acquiring an additional 358,393 shares in the last quarter. FMR LLC increased its holdings in Carter’s by 42.6% during the 4th quarter. FMR LLC now owns 1,049,605 shares of the textile maker’s stock valued at $85,669,000 after acquiring an additional 313,801 shares in the last quarter. Finally, Tyvor Capital LLC purchased a new position in Carter’s during the 3rd quarter valued at about $30,915,000. Hedge funds and other institutional investors own 99.94% of the company’s stock.

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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