Carter’s, Inc. (NYSE:CRI) Given Average Recommendation of “Reduce” by Brokerages

Carter’s, Inc. (NYSE:CRI) has received a consensus rating of “Reduce” from the five research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $65.60.

CRI has been the subject of a number of analyst reports. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a research report on Tuesday, November 12th. Wells Fargo & Company reduced their target price on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a report on Wednesday.

Carter’s Stock Up 1.5 %

CRI traded up $0.66 during midday trading on Wednesday, hitting $44.33. 378,989 shares of the company’s stock traded hands, compared to its average volume of 1,013,905. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The company has a market cap of $1.60 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. The stock’s fifty day simple moving average is $53.10 and its 200-day simple moving average is $58.37. Carter’s has a one year low of $42.55 and a one year high of $88.03.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.52. The business had revenue of $859.70 million for the quarter, compared to the consensus estimate of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. Carter’s’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $2.76 EPS. As a group, equities analysts anticipate that Carter’s will post 5.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carter’s

A number of institutional investors have recently made changes to their positions in the business. Venturi Wealth Management LLC grew its holdings in Carter’s by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock valued at $54,000 after buying an additional 268 shares during the last quarter. Covestor Ltd boosted its position in shares of Carter’s by 15.3% in the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock valued at $132,000 after acquiring an additional 270 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Carter’s by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 270 shares during the period. M&T Bank Corp grew its stake in shares of Carter’s by 7.2% in the fourth quarter. M&T Bank Corp now owns 4,073 shares of the textile maker’s stock worth $221,000 after acquiring an additional 272 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in Carter’s by 7.1% during the fourth quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker’s stock worth $279,000 after acquiring an additional 347 shares during the period.

About Carter’s

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.