According to Zacks, “Carter’s, Inc. is a leading provider of apparel and related products exclusively for babies and young children. The Company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally and through Company-operated stores and on-line at carters.com and oshkoshbgosh.com. The Company’s Child of Mine brand is available at Walmart, and its Genuine Kids, Just One You, and Precious Firsts brands are available at Target. “
Several other brokerages also recently issued reports on CRI. Monness Crespi & Hardt raised shares of Carter’s from a neutral rating to a buy rating and set a $118.00 price objective for the company in a research note on Monday, August 8th. Citigroup Inc. decreased their price objective on shares of Carter’s from $108.00 to $106.00 and set a neutral rating for the company in a research note on Thursday, July 28th. Oppenheimer Holdings Inc. reissued an outperform rating and issued a $115.00 price objective on shares of Carter’s in a research note on Friday, September 9th. Credit Agricole SA began coverage on shares of Carter’s in a research note on Wednesday, September 28th. They set an underperform rating and a $95.00 price target for the company. Finally, Wells Fargo & Co. downgraded shares of Carter’s from an outperform rating to a market perform rating and decreased their price target for the company from $111.00 to $93.00 in a research note on Tuesday, September 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $109.00.
Shares of Carter’s (NYSE:CRI) opened at 87.62 on Wednesday. The firm’s 50-day moving average price is $95.68 and its 200 day moving average price is $101.74. Carter’s has a 52 week low of $82.22 and a 52 week high of $112.58. The stock has a market capitalization of $4.39 billion, a P/E ratio of 18.83 and a beta of 0.67.
Carter’s (NYSE:CRI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.06. The business earned $639 million during the quarter, compared to the consensus estimate of $636.86 million. Carter’s had a net margin of 7.86% and a return on equity of 29.33%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 earnings per share. Analysts expect that Carter’s will post $5.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Tuesday, August 30th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, August 26th. Carter’s’s dividend payout ratio (DPR) is 28.39%.
In related news, CFO Richard F. Westenberger sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $101.00, for a total value of $252,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Aristotle Capital Boston LLC increased its position in shares of Carter’s by 3.7% in the second quarter. Aristotle Capital Boston LLC now owns 105,762 shares of the company’s stock worth $11,260,000 after buying an additional 3,731 shares during the period. State Street Corp increased its position in shares of Carter’s by 1.2% in the first quarter. State Street Corp now owns 1,346,385 shares of the company’s stock worth $141,885,000 after buying an additional 16,154 shares during the period. Geode Capital Management LLC increased its position in shares of Carter’s by 5.0% in the first quarter. Geode Capital Management LLC now owns 310,152 shares of the company’s stock worth $32,683,000 after buying an additional 14,739 shares during the period. Ngam Advisors L.P. increased its position in shares of Carter’s by 11.8% in the first quarter. Ngam Advisors L.P. now owns 15,338 shares of the company’s stock worth $1,616,000 after buying an additional 1,613 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new position in Carter’s during the second quarter valued at about $29,457,000. 90.76% of the stock is owned by institutional investors.
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. Its international segment includes Company-operated retail stores, wholesale and online operations in addition to royalty income from its international licensees.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Carter's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.