Carter’s (NYSE:CRI) Lowered to Sell at ValuEngine

ValuEngine cut shares of Carter’s (NYSE:CRI) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

Other analysts have also recently issued reports about the stock. UBS Group set a $100.00 target price on shares of Carter’s and gave the company a hold rating in a research note on Friday, October 25th. Cfra upgraded shares of Carter’s from a hold rating to a buy rating in a research note on Thursday, October 24th. Monness Crespi & Hardt cut their price target on shares of Carter’s from $120.00 to $115.00 and set a buy rating on the stock in a report on Friday, October 25th. DA Davidson raised shares of Carter’s from a neutral rating to a buy rating and lifted their price objective for the company from $91.00 to $110.00 in a research note on Wednesday, October 2nd. Finally, B. Riley set a $118.00 price objective on shares of Carter’s and gave the stock a buy rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Carter’s has an average rating of Buy and an average target price of $109.25.

CRI opened at $99.18 on Tuesday. Carter’s has a fifty-two week low of $75.66 and a fifty-two week high of $111.12. The business has a 50-day moving average of $101.51 and a 200-day moving average of $93.96. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.53 and a quick ratio of 1.03. The company has a market capitalization of $4.56 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.04 and a beta of 0.90.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.17. Carter’s had a return on equity of 35.47% and a net margin of 7.68%. The business had revenue of $943.32 million during the quarter, compared to analysts’ expectations of $936.09 million. During the same quarter in the previous year, the business posted $1.61 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that Carter’s will post 6.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 2.02%. This is a boost from Carter’s’s previous quarterly dividend of $0.22. Carter’s’s dividend payout ratio is presently 31.80%.

In other Carter’s news, EVP Greg Foglesong sold 4,125 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $100.02, for a total transaction of $412,582.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Dennis Casey sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.36, for a total value of $2,067,200.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,498 shares of company stock worth $9,564,887. Corporate insiders own 3.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BancorpSouth Bank increased its position in Carter’s by 2.6% in the 2nd quarter. BancorpSouth Bank now owns 4,392 shares of the textile maker’s stock worth $428,000 after buying an additional 111 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Carter’s by 1.0% in the third quarter. Public Employees Retirement System of Ohio now owns 158,186 shares of the textile maker’s stock worth $14,428,000 after acquiring an additional 1,602 shares during the last quarter. BTIM Corp. grew its stake in shares of Carter’s by 22.7% in the second quarter. BTIM Corp. now owns 140,286 shares of the textile maker’s stock worth $13,683,000 after acquiring an additional 25,962 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in shares of Carter’s in the second quarter worth $4,740,000. Finally, Paloma Partners Management Co increased its position in Carter’s by 61.0% during the second quarter. Paloma Partners Management Co now owns 13,241 shares of the textile maker’s stock worth $1,292,000 after acquiring an additional 5,017 shares during the period.

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, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

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Analyst Recommendations for Carter`s (NYSE:CRI)

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