Carter’s, Inc. (CRI) Received Average Rating of “Purchase” by Brokerages

Carter’s, Inc. (CRI) Received Average Rating of “Purchase” by Brokerages

Carter's, Inc. (NYSE:CRI) has been given a consensus rating of “Buy” by the eleven brokerages that are covering the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $106.56.

A number of analysts have commented on the stock. Oppenheimer Holdings Inc. set a $105.00 target price on shares of Carter's and gave the stock a “buy” rating in a report on Saturday, January 21st. Zacks Investment Research raised shares of Carter's from a “sell” rating to a “hold” rating in a report on Tuesday, December 6th. Morgan Stanley initiated coverage on shares of Carter's in a research report on Wednesday, January 25th. They issued an “overweight” rating and a $103.00 price objective on the stock. Citigroup Inc raised shares of Carter's from a “neutral” rating to a “buy” rating in a research report on Monday, December 19th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $111.00 price objective on shares of Carter's in a research report on Tuesday, December 6th.

Shares of Carter's (NYSE:CRI) opened at 88.79 on Thursday. The company’s 50 day moving average price is $86.52 and its 200 day moving average price is $88.40. Carter's has a one year low of $77.94 and a one year high of $112.58. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 17.47 and a beta of 0.35.

Carter's (NYSE:CRI) last released its earnings results on Thursday, February 23rd. The company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.12. Carter's had a net margin of 7.78% and a return on equity of 30.07%. The firm earned $934 million during the quarter, compared to analyst estimates of $916.13 million. During the same quarter in the previous year, the business earned $1.40 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts expect that Carter's will post $5.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 10th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, March 8th. This is a positive change from Carter's’s previous quarterly dividend of $0.33. Carter's’s dividend payout ratio is presently 27.85%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC raised its position in shares of Carter's by 0.8% in the third quarter. Neuberger Berman Group LLC now owns 7,437 shares of the company’s stock worth $645,000 after buying an additional 62 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Carter's by 5.2% in the third quarter. LS Investment Advisors LLC now owns 3,270 shares of the company’s stock worth $284,000 after buying an additional 163 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Carter's by 1.6% in the third quarter. Advisors Asset Management Inc. now owns 10,850 shares of the company’s stock worth $941,000 after buying an additional 170 shares during the last quarter. Sciencast Management LP raised its position in shares of Carter's by 5.9% in the fourth quarter. Sciencast Management LP now owns 3,513 shares of the company’s stock worth $303,000 after buying an additional 195 shares during the last quarter. Finally, Colony Group LLC raised its position in shares of Carter's by 2.0% in the third quarter. Colony Group LLC now owns 15,193 shares of the company’s stock worth $1,317,000 after buying an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 94.14% of the company’s stock.

Carter's Company Profile

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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