Carter’s (NYSE:CRI) Stock Rating Upgraded by Citigroup

Carter’s (NYSE:CRI) was upgraded by investment analysts at Citigroup from a “sell” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat reports. The firm presently has a $50.00 target price on the textile maker’s stock. Citigroup’s price target indicates a potential downside of 6.92% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company reduced their target price on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Bank of America decreased their price objective on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $67.67.

Carter’s Stock Performance

Shares of Carter’s stock opened at $53.72 on Tuesday. The firm has a market cap of $1.94 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 3.21 and a beta of 1.24. Carter’s has a 1 year low of $50.27 and a 1 year high of $88.03. The firm’s 50-day simple moving average is $62.91 and its 200-day simple moving average is $64.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in shares of Carter’s by 44.4% during the second quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock valued at $74,928,000 after acquiring an additional 371,681 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Carter’s by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock valued at $76,144,000 after purchasing an additional 42,589 shares during the period. Dimensional Fund Advisors LP grew its position in Carter’s by 11.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock worth $65,868,000 after purchasing an additional 112,947 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Carter’s by 29.2% in the second quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock valued at $46,918,000 after purchasing an additional 170,960 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Carter’s by 50.7% in the second quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock valued at $34,212,000 after purchasing an additional 186,894 shares during the period.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.