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. “
A number of other research analysts also recently commented on CRI. Cowen and Company initiated coverage on shares of Carter’s in a report on Wednesday, July 13th. They issued a market perform rating and a $110.00 price target for the company. Citigroup Inc. lowered their price target on shares of Carter’s from $108.00 to $106.00 and set a neutral rating for the company in a report on Thursday, July 28th. Monness Crespi & Hardt raised shares of Carter’s from a neutral rating to a buy rating and set a $118.00 price target for the company in a report on Monday, August 8th. Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $115.00 price target on shares of Carter’s in a report on Friday, September 9th. Finally, FBR & Co reaffirmed a buy rating and issued a $111.00 price target on shares of Carter’s in a report on Friday, September 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $109.00.
Shares of Carter’s (NYSE:CRI) opened at 85.80 on Thursday. The company has a market capitalization of $4.30 billion, a PE ratio of 18.44 and a beta of 0.67. Carter’s has a 52-week low of $82.22 and a 52-week high of $112.58. The firm’s 50-day moving average price is $92.33 and its 200 day moving average price is $100.65.
Carter’s (NYSE:CRI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.06. Carter’s had a net margin of 7.86% and a return on equity of 29.33%. The firm earned $639 million during the quarter, compared to the consensus estimate of $636.86 million. During the same quarter last year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Carter’s will post $5.07 earnings per share for the current year.
In other news, CFO Richard F. Westenberger sold 2,500 shares of the firm’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 transaction of $252,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.10% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Fiera Capital Corp raised its position in shares of Carter’s by 1,417.3% in the second quarter. Fiera Capital Corp now owns 480,981 shares of the company’s stock worth $51,210,000 after buying an additional 449,281 shares during the period. TimesSquare Capital Management LLC acquired a new position in shares of Carter’s during the second quarter valued at about $36,434,000. Thrivent Financial for Lutherans raised its position in shares of Carter’s by 4,167.5% in the second quarter. Thrivent Financial for Lutherans now owns 283,360 shares of the company’s stock valued at $30,170,000 after buying an additional 276,720 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Carter’s during the second quarter valued at about $29,457,000. Finally, Numeric Investors LLC raised its position in shares of Carter’s by 3,769.9% in the second quarter. Numeric Investors LLC now owns 282,500 shares of the company’s stock valued at $30,078,000 after buying an additional 275,200 shares during the last quarter. 90.71% of the stock is currently owned by institutional investors and hedge funds.
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.