Citigroup Lowers Carter’s (NYSE:CRI) to Sell

Carter’s (NYSE:CRIGet Rating) was downgraded by Citigroup from a “buy” rating to a “sell” rating in a research note issued on Monday, Marketbeat Ratings reports.

CRI has been the subject of a number of other research reports. UBS Group lifted their target price on shares of Carter’s from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, March 7th. Bank of America downgraded shares of Carter’s from a “buy” rating to an “underperform” rating and decreased their price target for the company from $120.00 to $82.00 in a research note on Wednesday, April 27th. Wells Fargo & Company decreased their price target on shares of Carter’s from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 5th. StockNews.com downgraded shares of Carter’s from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. Finally, Wedbush raised shares of Carter’s from a “neutral” rating to an “outperform” rating and set a $108.00 price target for the company in a research note on Monday, March 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $105.00.

NYSE CRI opened at $75.45 on Monday. The company has a current ratio of 1.65, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 1.38 and a beta of 1.27. The firm’s 50 day simple moving average is $88.29 and its 200 day simple moving average is $94.72. Carter’s has a 1 year low of $73.00 and a 1 year high of $111.17.

Carter’s (NYSE:CRIGet Rating) last issued its earnings results on Friday, April 29th. The textile maker reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.32. Carter’s had a net margin of 9.24% and a return on equity of 32.19%. The firm had revenue of $781.30 million for the quarter, compared to analyst estimates of $751.21 million. During the same quarter last year, the business posted $1.98 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, equities research analysts forecast that Carter’s will post 8.81 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in Carter’s by 1.8% during the first quarter. First Trust Advisors LP now owns 60,563 shares of the textile maker’s stock worth $6,104,000 after purchasing an additional 1,066 shares during the last quarter. Advisor Group Holdings Inc. raised its position in Carter’s by 4.6% in the third quarter. Advisor Group Holdings Inc. now owns 5,782 shares of the textile maker’s stock worth $563,000 after acquiring an additional 255 shares during the period. Barclays PLC raised its position in Carter’s by 46.8% in the third quarter. Barclays PLC now owns 39,777 shares of the textile maker’s stock worth $3,868,000 after acquiring an additional 12,684 shares during the period. Teacher Retirement System of Texas raised its position in Carter’s by 22.4% in the third quarter. Teacher Retirement System of Texas now owns 7,037 shares of the textile maker’s stock worth $684,000 after acquiring an additional 1,287 shares during the period. Finally, American Century Companies Inc. raised its position in Carter’s by 26.1% in the third quarter. American Century Companies Inc. now owns 106,084 shares of the textile maker’s stock worth $10,316,000 after acquiring an additional 21,966 shares during the period. Hedge funds and other institutional investors own 97.10% of the company’s stock.

About Carter’s (Get Rating)

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, Carter's My First Love, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S.

Featured Stories

Analyst Recommendations for Carter's (NYSE:CRI)

Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.