Zacks Research Downgrades Carter’s (NYSE:CRI) to Hold

Carter’s (NYSE:CRI) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Thursday, April 9th. Wall Street Zen upgraded shares of Carter’s from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Wells Fargo & Company raised their price objective on shares of Carter’s from $28.00 to $33.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 29th. UBS Group raised their price objective on shares of Carter’s from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Monness Crespi & Hardt raised their price objective on shares of Carter’s from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.67.

Carter’s Trading Up 3.1%

Shares of Carter’s stock opened at $38.37 on Monday. The company’s fifty day simple moving average is $35.84 and its 200-day simple moving average is $35.02. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 15.47 and a beta of 0.86. The company has a current ratio of 2.80, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. Carter’s has a 1 year low of $23.38 and a 1 year high of $44.44.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.26. The business had revenue of $681.11 million for the quarter, compared to the consensus estimate of $660.59 million. Carter’s had a net margin of 3.07% and a return on equity of 13.06%. Carter’s’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $0.66 earnings per share. Carter’s has set its Q2 2026 guidance at 0.020-0.060 EPS. As a group, sell-side analysts expect that Carter’s will post 3.06 EPS for the current year.

Institutional Investors Weigh In On Carter’s

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in Carter’s by 5.0% during the first quarter. Bank of America Corp DE now owns 66,031 shares of the textile maker’s stock worth $2,361,000 after buying an additional 3,132 shares in the last quarter. Amundi boosted its stake in Carter’s by 45.7% during the first quarter. Amundi now owns 14,807 shares of the textile maker’s stock worth $529,000 after buying an additional 4,647 shares in the last quarter. California State Teachers Retirement System boosted its stake in Carter’s by 31.2% during the first quarter. California State Teachers Retirement System now owns 46,269 shares of the textile maker’s stock worth $1,655,000 after buying an additional 11,004 shares in the last quarter. Rubric Capital Management LP boosted its stake in Carter’s by 121.5% during the first quarter. Rubric Capital Management LP now owns 1,018,853 shares of the textile maker’s stock worth $36,434,000 after buying an additional 558,853 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in Carter’s during the first quarter worth $4,896,000.

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.