Wall Street Zen Downgrades Carter’s (NYSE:CRI) to Hold

Carter’s (NYSE:CRI) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other equities research analysts have also recently issued reports about the company. UBS Group reiterated a “buy” rating on shares of Carter’s in a research note on Wednesday, July 8th. Weiss Ratings lowered shares of Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. The Goldman Sachs Group upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday, April 9th. Citigroup reaffirmed a “buy” rating on shares of Carter’s in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company upgraded shares of Carter’s from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $30.00 to $42.00 in a research note on Wednesday, June 17th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carter’s currently has an average rating of “Hold” and a consensus price target of $41.17.

Carter’s Trading Down 0.1%

Shares of CRI stock opened at $38.70 on Friday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 15.60 and a beta of 0.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.80. The company has a 50-day simple moving average of $39.65 and a two-hundred day simple moving average of $37.51. Carter’s has a 52-week low of $23.38 and a 52-week high of $44.44.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Wednesday, May 6th. The textile maker reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.26. Carter’s had a return on equity of 13.06% and a net margin of 3.07%.The company had revenue of $681.11 million during the quarter, compared to the consensus estimate of $660.59 million. During the same period last year, the business posted $0.66 earnings per share. Carter’s’s revenue was up 8.1% on a year-over-year basis. Carter’s has set its Q2 2026 guidance at 0.020-0.060 EPS. Research analysts anticipate that Carter’s will post 3.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in Carter’s by 50.2% in the 1st quarter. Royal Bank of Canada now owns 40,649 shares of the textile maker’s stock valued at $1,663,000 after acquiring an additional 13,594 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Carter’s by 5.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 120,964 shares of the textile maker’s stock valued at $4,947,000 after buying an additional 6,195 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Carter’s by 4.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,482 shares of the textile maker’s stock valued at $497,000 after acquiring an additional 734 shares during the period. Hsbc Holdings PLC raised its holdings in Carter’s by 71.5% during the 2nd quarter. Hsbc Holdings PLC now owns 9,390 shares of the textile maker’s stock valued at $282,000 after acquiring an additional 3,915 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Carter’s by 30.4% during the second quarter. Invesco Ltd. now owns 223,731 shares of the textile maker’s stock worth $6,741,000 after acquiring an additional 52,103 shares in the last quarter.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct?to?consumer e-commerce sites, and an extensive network of company-operated retail stores.