Carter’s (NYSE:CRI) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Carter’s (NYSE:CRI) from a sell rating to a hold rating in a research report sent to investors on Tuesday, ValuEngine reports.

Several other equities research analysts also recently issued reports on the stock. UBS Group raised their target price on shares of Carter’s from $100.00 to $105.00 and gave the company a neutral rating in a research note on Wednesday, December 18th. Zacks Investment Research upgraded shares of Carter’s from a sell rating to a hold rating and set a $114.00 target price for the company in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Carter’s presently has an average rating of Buy and a consensus target price of $111.00.

Shares of NYSE:CRI opened at $91.47 on Tuesday. Carter’s has a 52-week low of $81.54 and a 52-week high of $112.46. The company has a market capitalization of $3.97 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 2.06 and a beta of 0.91. The company has a 50-day simple moving average of $107.40 and a 200 day simple moving average of $100.61. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.03 and a current ratio of 2.33.

Carter’s (NYSE:CRI) last issued its earnings results on Monday, February 24th. The textile maker reported $2.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.89 by ($0.08). Carter’s had a net margin of 7.50% and a return on equity of 34.62%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business posted $2.84 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities analysts forecast that Carter’s will post 6.8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be issued a $0.60 dividend. This is a boost from Carter’s’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, March 5th. Carter’s’s dividend payout ratio is currently 30.96%.

A number of institutional investors have recently added to or reduced their stakes in CRI. Westfield Capital Management Co. LP bought a new position in Carter’s in the 4th quarter valued at about $86,493,000. Credit Suisse AG raised its holdings in Carter’s by 121.2% in the 4th quarter. Credit Suisse AG now owns 38,116 shares of the textile maker’s stock valued at $4,168,000 after acquiring an additional 217,907 shares during the period. Phoenix Holdings Ltd. bought a new position in Carter’s in the 3rd quarter valued at about $17,015,000. Barclays PLC raised its holdings in Carter’s by 393.2% in the 4th quarter. Barclays PLC now owns 196,804 shares of the textile maker’s stock valued at $21,519,000 after acquiring an additional 156,900 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Carter’s by 34.4% in the 4th quarter. AQR Capital Management LLC now owns 548,999 shares of the textile maker’s stock valued at $60,028,000 after acquiring an additional 140,505 shares during the period.

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, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

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Analyst Recommendations for Carter`s (NYSE:CRI)

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