Carter’s (CRI) Upgraded to “B-” by TheStreet

Carter’s (NYSE:CRI) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Wednesday.

CRI has been the subject of a number of other reports. Citigroup lifted their price target on shares of Carter’s from $107.00 to $113.00 and gave the company a “buy” rating in a research report on Monday, December 3rd. ValuEngine upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Zacks Investment Research upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, Wells Fargo & Co dropped their price target on shares of Carter’s from $105.00 to $98.00 and set an “outperform” rating for the company in a research report on Wednesday, January 2nd. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $106.67.

Shares of CRI stock opened at $93.59 on Wednesday. The company has a current ratio of 3.19, a quick ratio of 1.43 and a debt-to-equity ratio of 0.68. Carter’s has a 12 month low of $75.66 and a 12 month high of $118.22. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 1.75 and a beta of 0.61.

Carter’s (NYSE:CRI) last issued its earnings results on Monday, February 25th. The textile maker reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.28. Carter’s had a net margin of 8.15% and a return on equity of 35.33%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $2.32 earnings per share. Carter’s’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts anticipate that Carter’s will post 6.68 EPS for the current fiscal year.

In other Carter’s news, EVP Julie D’emilio sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $92.78, for a total transaction of $371,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard F. Westenberger sold 6,185 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $98.44, for a total transaction of $608,851.40. The disclosure for this sale can be found here. Insiders sold 12,660 shares of company stock valued at $1,218,660 in the last 90 days. Company insiders own 3.30% of the company’s stock.

Several large investors have recently modified their holdings of CRI. Ffcm LLC lifted its position in shares of Carter’s by 1,761.4% during the 4th quarter. Ffcm LLC now owns 1,638 shares of the textile maker’s stock worth $134,000 after buying an additional 1,550 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Carter’s during the 3rd quarter worth approximately $163,000. Private Advisor Group LLC purchased a new stake in shares of Carter’s during the 4th quarter worth approximately $211,000. Virtu Financial LLC purchased a new stake in shares of Carter’s during the 4th quarter worth approximately $258,000. Finally, Ramsey Quantitative Systems lifted its position in shares of Carter’s by 11.3% during the 4th quarter. Ramsey Quantitative Systems now owns 3,303 shares of the textile maker’s stock worth $270,000 after buying an additional 335 shares during the last quarter. Institutional investors and hedge funds own 99.94% of the company’s stock.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.

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