Carter’s (NYSE:CRI) Stock Rating Upgraded by Wall Street Zen

Carter’s (NYSE:CRI) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Monday.

Several other equities analysts have also recently commented on CRI. Weiss Ratings reissued a “sell (d+)” rating on shares of Carter’s in a research note on Friday, July 31st. Zacks Research lowered shares of Carter’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Monness Crespi & Hardt increased their price objective on shares of Carter’s from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Citigroup reiterated a “buy” rating on shares of Carter’s in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company raised Carter’s from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $30.00 to $42.00 in a report on Wednesday, June 17th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Carter’s has an average rating of “Hold” and an average price target of $41.17.

Carter’s Trading Down 1.5%

Shares of CRI stock opened at $39.78 on Monday. Carter’s has a 1 year low of $23.98 and a 1 year high of $44.44. The firm has a market capitalization of $1.46 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 4.78 and a beta of 0.86. The stock has a fifty day moving average of $40.01 and a two-hundred day moving average of $37.81. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 2.47.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Friday, July 31st. The textile maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.20. Carter’s had a return on equity of 12.78% and a net margin of 6.55%.The company had revenue of $615.49 million for the quarter, compared to analyst estimates of $605.68 million. During the same period last year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, research analysts expect that Carter’s will post 3.12 EPS for the current year.

Institutional Investors Weigh In On Carter’s

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC boosted its holdings in Carter’s by 113.7% during the second quarter. AQR Capital Management LLC now owns 2,564,457 shares of the textile maker’s stock worth $77,267,000 after buying an additional 1,364,698 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Carter’s in the second quarter worth approximately $28,348,000. Rubric Capital Management LP increased its holdings in shares of Carter’s by 121.5% in the first quarter. Rubric Capital Management LP now owns 1,018,853 shares of the textile maker’s stock valued at $36,434,000 after buying an additional 558,853 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Carter’s by 36.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,765,205 shares of the textile maker’s stock valued at $63,121,000 after buying an additional 472,786 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Carter’s by 1,679.7% during the 2nd quarter. Quantinno Capital Management LP now owns 370,791 shares of the textile maker’s stock valued at $11,172,000 after acquiring an additional 349,957 shares during the last quarter.

About Carter’s

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.