Zacks Investment Research upgraded shares of Carter's (NYSE:CRI) from a hold rating to a buy rating in a research note published on Friday. They currently have $134.00 price target on the textile maker’s stock.
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 equities research analysts also recently commented on the company. Wells Fargo & Co restated a market perform rating and issued a $123.00 target price (up previously from $105.00) on shares of Carter's in a research report on Thursday, January 11th. SunTrust Banks began coverage on Carter's in a research report on Wednesday, December 27th. They issued a hold rating and a $126.00 target price on the stock. Oppenheimer lifted their target price on Carter's from $112.00 to $125.00 and gave the company an outperform rating in a research report on Monday, December 18th. B. Riley lifted their target price on Carter's from $111.00 to $124.00 and gave the company a buy rating in a research report on Monday, December 18th. Finally, Cowen set a $105.00 target price on Carter's and gave the company a hold rating in a research report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $112.00.
Carter's (NYSE:CRI) last posted its earnings results on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.05. Carter's had a return on equity of 33.38% and a net margin of 7.69%. The company had revenue of $948.23 million for the quarter, compared to the consensus estimate of $950.64 million. During the same quarter in the previous year, the business earned $1.61 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. equities research analysts predict that Carter's will post 5.64 earnings per share for the current fiscal year.
In related news, Chairman Michael Dennis Casey sold 26,524 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $99.14, for a total value of $2,629,589.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Greg Foglesong sold 6,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $117.98, for a total value of $707,880.00. The disclosure for this sale can be found here. Insiders sold a total of 130,507 shares of company stock worth $13,569,276 in the last quarter. Company insiders own 3.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of CRI. Advisory Services Network LLC purchased a new stake in Carter's during the 2nd quarter worth about $125,000. Mountain Capital Investment Advisors Inc purchased a new stake in Carter's during the 2nd quarter worth about $128,000. Invictus RG purchased a new stake in Carter's during the 3rd quarter worth about $146,000. PNC Financial Services Group Inc. increased its holdings in Carter's by 2.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after purchasing an additional 35 shares during the period. Finally, Round Table Services LLC purchased a new stake in Carter's during the 3rd quarter worth about $206,000. Hedge funds and other institutional investors own 98.67% of the company’s stock.
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Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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