Credit Agricole SA began coverage on shares of Carter’s Inc. (NYSE:CRI) in a research report released on Wednesday morning. The firm issued an underperform rating and a $95.00 price target on the stock.
Several other equities research analysts have also recently weighed in on CRI. Citigroup Inc. reissued a neutral rating on shares of Carter’s in a research note on Wednesday, June 1st. Zacks Investment Research cut Carter’s from a strong-buy rating to a hold rating in a research note on Friday, July 29th. Cowen and Company assumed coverage on Carter’s in a research note on Wednesday, July 13th. They issued a market perform rating and a $110.00 price target for the company. Monness Crespi & Hardt raised Carter’s from a neutral rating to a buy rating and set a $118.00 price target for the company in a research note on Monday, August 8th. Finally, FBR & Co reaffirmed a buy rating and set a $111.00 target price on shares of Carter’s in a research note on Friday, September 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Carter’s has a consensus rating of Hold and an average price target of $109.00.
Shares of Carter’s (NYSE:CRI) opened at 87.62 on Wednesday. The stock’s 50 day moving average price is $95.68 and its 200-day moving average price is $101.74. The company has a market cap of $4.39 billion, a PE ratio of 18.83 and a beta of 0.67. Carter’s has a 52 week low of $82.22 and a 52 week high of $112.58.
Carter’s (NYSE:CRI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.06. The company earned $639 million during the quarter, compared to analysts’ expectations of $636.86 million. Carter’s had a return on equity of 29.33% and a net margin of 7.86%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. Analysts expect that Carter’s will post $5.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Tuesday, August 30th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, August 26th. This represents a $1.32 dividend on an annualized basis and a yield of 1.51%. Carter’s’s dividend payout ratio (DPR) is presently 28.39%.
In other Carter’s news, CFO Richard F. Westenberger sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $101.00, for a total value of $252,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in CRI. Acrospire Investment Management LLC purchased a new stake in shares of Carter’s during the first quarter worth approximately $274,000. JPMorgan Chase & Co. boosted its stake in shares of Carter’s by 79.1% in the first quarter. JPMorgan Chase & Co. now owns 309,526 shares of the company’s stock worth $32,618,000 after buying an additional 136,727 shares during the period. BlackRock Japan Co. Ltd boosted its stake in shares of Carter’s by 2,428.5% in the first quarter. BlackRock Japan Co. Ltd now owns 8,976 shares of the company’s stock worth $946,000 after buying an additional 8,621 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Carter’s by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,570,318 shares of the company’s stock worth $165,480,000 after buying an additional 36,013 shares during the period. Finally, BlackRock Group LTD boosted its stake in shares of Carter’s by 51.9% in the first quarter. BlackRock Group LTD now owns 76,519 shares of the company’s stock worth $8,063,000 after buying an additional 26,152 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.
Carter’s Company Profile
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.
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.