Carter’s (CRI) Coverage Initiated by Analysts at B. Riley

Equities researchers at B. Riley started coverage on shares of Carter’s (NYSE:CRI) in a research report issued on Tuesday. The firm set a “market perform” rating and a $104.00 price target on the textile maker’s stock. B. Riley’s target price points to a potential upside of 4.91% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Carter’s from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine cut shares of Carter’s from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Cowen set a $95.00 price target on shares of Carter’s and gave the stock a “hold” rating in a report on Thursday, October 18th. TheStreet cut shares of Carter’s from a “b” rating to a “c+” rating in a report on Thursday, October 25th. Finally, Macquarie set a $100.00 price target on shares of Carter’s and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Carter’s currently has a consensus rating of “Hold” and an average target price of $113.30.

Shares of NYSE CRI traded up $2.64 during midday trading on Tuesday, reaching $99.13. The company had a trading volume of 1,127,610 shares, compared to its average volume of 880,468. The stock has a market cap of $4.26 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.67 and a beta of 0.50. Carter’s has a 1 year low of $88.98 and a 1 year high of $129.00. The company has a current ratio of 3.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.98.



Carter’s (NYSE:CRI) last posted its quarterly earnings results on Thursday, October 25th. The textile maker reported $1.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.12). The company had revenue of $923.91 million during the quarter, compared to analysts’ expectations of $940.87 million. Carter’s had a return on equity of 33.05% and a net margin of 8.44%. As a group, sell-side analysts forecast that Carter’s will post 6.05 earnings per share for the current year.

In related news, Director Jevin Eagle sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $109.10, for a total transaction of $545,500.00. Following the completion of the transaction, the director now owns 6,297 shares of the company’s stock, valued at $687,002.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David Pulver bought 7,500 shares of Carter’s stock in a transaction that occurred on Thursday, September 6th. The shares were acquired at an average cost of $98.55 per share, with a total value of $739,125.00. Following the acquisition, the director now owns 63,517 shares of the company’s stock, valued at $6,259,600.35. The disclosure for this purchase can be found here. Company insiders own 3.30% of the company’s stock.

Several institutional investors have recently modified their holdings of CRI. Legal & General Group Plc raised its holdings in shares of Carter’s by 11.7% during the first quarter. Legal & General Group Plc now owns 67,306 shares of the textile maker’s stock worth $7,007,000 after purchasing an additional 7,062 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Carter’s by 16.9% during the first quarter. Royal Bank of Canada now owns 170,728 shares of the textile maker’s stock worth $17,772,000 after purchasing an additional 24,701 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of Carter’s by 44.4% during the first quarter. Xact Kapitalforvaltning AB now owns 5,530 shares of the textile maker’s stock worth $576,000 after purchasing an additional 1,700 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Carter’s in the first quarter valued at $545,000. Finally, Principal Financial Group Inc. increased its holdings in Carter’s by 3.6% in the first quarter. Principal Financial Group Inc. now owns 210,580 shares of the textile maker’s stock valued at $21,921,000 after buying an additional 7,230 shares in the last quarter. 95.57% of the stock is owned by hedge funds and other institutional investors.

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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